SimpleSPYman - You May Not Be Long Enough...
Week 19 - SPX/SPY Index Update
I advise using the app/website as emails are often truncated due to images!
ALWAYS INVERT!
The compression came just as I said it would. This may sound very egotistical especially from an Englishman but I think I have been more right about the SP500 index than almost anyone.
If you look at 2020 there were several drops down to ∆1 the green line.
This is very different from today. Over the paywall I will try and explain why this could be important.
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.
