SimpleSPYman - Simple things done well!
Week 25.1 - SPX/SPY Index Update
I advise using the app/website as emails are often truncated due to images!
ALWAYS INVERT!
No Paywall Today!
Levels that went out yesterday to subscribers were on the money.
We are still above trend, but as I keep repeating this is year 2 of 2. Be long above trend but we must act swiftly if we see a shift. Year 1 is easy.
Multiple timeframes of overlapping trend. When these prices/levels are very close one seemingly innocuous 2-3 day move lower can break many trend lines together.
If pre-market sticks we will be back above momentum 744
Well above major trend 734
Internals matter! Just as I pointed out above financials/industrials etc have joined the party and they will squeeze. High for them but maybe not like semis did, then they also will be in a place to cascade through their trend lines all together and then all the podcasters and noise makers can start talking again about “in a bear market all correlations go to one”…
Have a lovely day everyone!
KeepItSimpleSubstack
SimpleSPYMan
Hot Takes with Hank
Think pieces!
