SimpleSPYman - Summer Grind?
Week 23 - SPX/SPY Index Update
I advise using the app/website as emails are often truncated due to images!
ALWAYS INVERT!
Just think about all the noise and nonsense and all we got was some orange dots..
I have no idea when but this chart just as it showed me March 26 wasn’t the one it now means “the one” is closer.
Vol compression has occurred and can continue for a long time, but it now means trend lines can be broken with a smaller % move.
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 83% 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!
