codypd

SPY quarterly reset vs S&P 500. Subtle but real.

SPX/SPY  
SPX/SPY  
302 4 6
Plot the ratio of SPX             to SPY             and most would expect a fairly constant ratio around 10:1 to pop up. But the chart itself shows the same pattern - a quarterly reset starting at about 10.02 and then ratio decay to about 9.97. Last week we were trading 9.96 on average but at end of day Friday we popped to 10.02, right on time at options expiration..

Keep the ratio reset in mind as you do "math in your head" while studying the S&P 500             chart and pick support/resistance numbers for SPY             trades.
cmharkey
2 years ago
Wow, this is a GREAT find!
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GoldMember
2 years ago
great work, how did you get the spx/spy ratio chart?
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codypd GoldMember
2 years ago
Just go to the top loft of the screen where you enter the symbol to chart and type in "SPX / SPY" which Trading view interprets as "graph SPX divided by SPY". Can be done with any symbol pair.
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GoldMember codypd
2 years ago
thanks!
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