SimpleSPYman - The Pain Trade
Week 21 - SPX/SPY Index Update
I advise using the app/website as emails are often truncated due to images!
ALWAYS INVERT!
Is the pain trade nothingness?
All the bulls getting caught doubting themselves..
All the bears pointing at the indexes and the Mag7 but the breadth they have been complaining about rising?
Could we find ourselves in a month swimming in memes?
I feel like I am saying the same thing over and over again which is a good thing. I think. We are in the green do your thing.
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.
