Sunday, October 10, 2021

#SP500 Review $SPX $SPY

SP 500 Review
Those that view the message of the market on a daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to explain trading noise as a meaningful trend. This confuses the majority which, in turn, contributes to their role as bag holders of trend transitions.

S&P 500's trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.

Subscriber Comments

Volume often leads price. This concept has been reinforced in recent Reports and Reviews. The computer calculates price and volume trends through LTCO and LTREV. Both are tracked in the Matrix in the LeadM tab. The short, trackless video below, probably my finest work, illustrates how boxes change when the trend is defined by price only, and price and volume. The most obvious change comes at the stock market top in 2000. Notice how the unshaded box (down impulse) shifts left in 2000. This happens because LTREV close below zero well ahead of price. It represents a classic example of volume leading price.

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Market-driven money flow, trend, and intermarket analysis is provided by an Access Key.