SPY Short : LDPM well above Price.
LDPM (Liquidity-Dependent Price Movement) measures the liquidity environment that the price-movement finds itself. When LDPM is above the price, this is a bearish outlook.
Here we have a smoothed-LDPM (blue line) and the "raw"-LDPM (green/red line) well above
SPY's current price on the Daily.
This is indicative of poor liquidity on the upside, and infers continued downside is likely.
LDPM (both of them) are pointed towards the price, however, which indicates that liquidity is approaching the current price. However, the current raw-LDPM value is $369, and the smoothed is $376. This suggests that ~$370 is whereSPY would have to move to in order to start regaining any upside-liquidity.
Here we have a smoothed-LDPM (blue line) and the "raw"-LDPM (green/red line) well above
SPY's current price on the Daily. This is indicative of poor liquidity on the upside, and infers continued downside is likely.
LDPM (both of them) are pointed towards the price, however, which indicates that liquidity is approaching the current price. However, the current raw-LDPM value is $369, and the smoothed is $376. This suggests that ~$370 is where
SPY would have to move to in order to start regaining any upside-liquidity. Note
LDPM on the daily is now below the current price. Closing short positions and anticipating long for the time being.
Deep Dive Stocks
Deep Dive Stocks
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.