SimpleSPYman - No Drama...
Week 31 - SPX/SPY Index Update
I advise using the app/website as emails are often truncated due to images!
A cheeky little freebie today…
We don’t have market crashes until these two lines touch.
So no stress, and more importantly it frees you from watching/listening/consuming to any nonsense financial media.
That is my gift to you.
The dot is yellow.
Trend is 732.26
SPY spends 82% of all trading days above this level.
Its all cool beans.
It is all the same chart so I can use all the same data. In the last 1761 trading days SPY has been above “trend” i.e. in green or yellow 82% of days.
We could probably include orange as the distribution is very similar, but we need a transition point.
In 1761 trading days price has never moved directly from Green into Red/Black there is always an intermezzo hangout in Orange.
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