I advise using the app/website as emails are often truncated due to images!
If you are reading this then you probably subscribe to the big finance substacks and likely have a few of the big podcasts on a weekly rotation too…
How many of them were discussing a new all time closing high for QQQ on Tuesday?
I bet you heard a lot about bonds and Trump and the blah blah…
Did it help your account?
The dot is Green
Trend is 750.41
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.
KeepItSimpleSubstack
Hot Takes with Hank
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