seine

A chart to watch next week.

AMEX:SPY   SPDR S&P 500 ETF
782 20 13
YEN puts pressure to the US market.
Indeed, nice chart.

What are your projections for FXY?
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seine IvanLabrie
i don't really have projections. i go as it goes :)
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Any reason both is correlated?
+1 Reply
seine NgDihui
I have watch this chart for a while. I don't know the fundamental reason. This is just one of the many intermarket analysis we can do.
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seine seine
watched*
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really interesting chart ... (also does anyone know if Tradingview got rid of SPX and is only using SPY now ?)
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seine IanLip
SPX is delayed by one day i think.
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Very interesting observation.
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seine JamesPowell
thanks :)
+1 Reply
mm interesting short term observation
Its not the same using long term monthly chart
snapshot
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seine jangseohee
yeah true
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i am not trying to prove you wrong, just want to share :-)
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seine jangseohee
oh i understand haha :)
+1 Reply
USDJPY is the carry trade for money manager (short Yen/Long USD). It lifts the US market with excessive cash flow. When the cover their interests, SPY goes down. Only exceptions are during Central Banks announcements.
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seine damoonmotamedi
thanks for sharing. :)
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jangseohee damoonmotamedi
TLT, new brotherhood with SPX since 2014
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do you have any spy downside target?
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seine dingying85
it has not taken out the 206.46 level. it got rejected today besides all the good earnings and good job report. seems like it needs some rest before the rally begins again. We gained all the loss of Jan in one week. So, it might take a bit to break through that level. 198 remain the downside target if it falls.
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Chinese A share are in a down trend, I am wondering whether that could bring SPY down, if you look at $QQQ, it looks bearish too, not sure whether you agree
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seine dingying85
sure i agree. qqq does not seem to be ready to more.
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