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S&P 500 Index
Updated

SPX500 showing clear patterns

517
Since we hit the "bottom", we've had 5 up trends for an average of 8 days each. We've had 4 downtrends for an average of 3 days each. We are currently on day 11 of the current uptrend. We are due a downtrend but it is very likely that there will not be enough downward momentum to carry us past a few days of downside.

If we continue on in this pattern it will be a VIX killing Theta churn.






Note
Put/Call ratio on SPY topped out at 1.20 for the last 3 downtrends. May be worth keeping an eye on PCC if we get a couple of down days. snapshot
zephin
Chart PatternsS&P 500 (SPX500)Trend AnalysisWave Analysis

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsS&P 500 (SPX500)Trend AnalysisWave Analysis
zephin

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.