Using the S&P500 to Confirm Momentum Correlates: $SPY/$BZUN Model Structures

Curt MelonopolySP500 (SPY) Algorithm

In this video, we cover the following topics:

  1. Using volume and price action on the S&P500 to determine sentiment
  2. Geometric chart setups and major algorithmic support/resistance lines as buy and sell triggers
  3. How to trade [morning] momentum stocks using chart setup triggers on the $SPY to confirm trade entry confirmations
  4. Creating on-the-fly technical/algorithmic models and correlating price action in that equity against the market

Note that the above example runs into some problems with low-float stocks, with regards to the liquidity of some equity x. With highly liquid stocks, bullish/bearish correlates against the $SPY back-test well with @FREEDOMtheAlgo.

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