SimpleSPYman - Safe Space
Week 32 - SPX/SPY Index Update
I advise using the app/website as emails are often truncated due to images!
So last week’s title was “No Drama..” be honest did you freak out?
This is a safe space…
The SPY at its lowest this week compared to Friday close was -1.29% and closed +1.09%.
It’s OK we are in the second year of the cycle, where vol bands have compressed and emotions run high.
Down 2s this year feel like down 5s last year.
Our silly monkey brains!
The dot is yellow.
Trend is 732.30
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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