I advise using the app/website as emails are often truncated due to images!
TL;DR
The dot is Green
Trend is 753.53
I’m not sure what more there is to say…
No the index is not pulling up trees, but it made a new all time high this week.
Still not entirely sure if new highs are bullish or not? /s
The dot is Green
Trend is 753.53
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
Think pieces!
This is the part with al the hand wringing about all nonsense and trying to make it all make sense…
There is actually not that much to say.
What ho! Positive flows..
OpEx cycle is doing its thing.
The end of the year tends to be jolly boring.
Have a lovely weekend everyone.