I’m happy to announce the next SPY update beginning April 1, 2022 (not April fools). The core of the previous version was originally created In August 2021, updated in November 2022. Ignored for a little while and relaunched on January 24th, 2022.
On March 25th I had 100 trades with clean data using the current version of SPY tomorrow. I decided to do some testing and updating.
I’m giddy that it’s not because the other version broke like previous times. The current version got us through much uncertainty; A covid surge and the beginning of a war. I took the $225 left in my experimental SPY trading account to over $2050 in two months using the current version of SPY Tomorrow.
My biggest breakthrough to improve the calculations had to do with the Switch. I expanded the calculation of the switch to make it more stable. I’m also using both local and global switches for the new AVFLe6 calculation.
Reading the new calculations. In the previous version, we depended on the E6L as our core calculation. The other two were support, yet not as accurate. The new calculation depends on all three columns of calculations for accuracy, which is also less confusing. For example, the calculation below is obviously a down signal. Take each column as its own reading.
The following reading is an up reading. Each column shows at least 2 out of 3 positive.
The SPY Pressure is still the same as a general guide as to the pressure amount. Could it be a flat or volatile day? The .0394 means a more likely flat open or day. The 21.0484% which is really high indicates a more volatile open or day. Actually, anything over 1% suggests over .5% open on the SPY over 2% even more.
Only members see these numbers to use for their own trading. Some people notice other trends within in the numbers to help their trading. Days in which we have 5 green and 4 red for example may mean be cautious because the signal is not as strong.
Members also have the opportunity to see the current switch 1 or -1. The switch is an excellent indicator of an overall Bullish or Bearish market. It doesn’t predict as well as the calculator, but it’s excellent at showing an overall up or downtrend in the market. This can be useful for longer-term trades.
The example below is taken from a previous day using the old calculations. You can see the calculations are signaling an up day. The SPY Switch (top) is also positive, giving me a little more confidence.
Members also get access to the QQQ and most days the IWM readings. This gives me even more confidence when I see them all pointing in the same direction (example below). This is not always the case.
I have more ideas on how to increase the stability of the SPY tomorrow calculations. However, I’ll not work on them until the end of next quarter, during the summer. I want to review the data from the current update before making additional updates.
As always, I’m looking forward to your feedback.
*note: some of the column titles still may change by April 1.