Feb

17

The day-to-day progression of the SP500 has been nearly a perfect straight line for the 5 months since Sept 15, as seen when regressing SPY daily closes vs day number in the series [i.e. regression with a linear trend]:

Regression Analysis: Adj Close versus days

The regression equation is Adj Close = 111 + 0.190 days

The regression equation is
Adj Close = 111 + 0.190 days

Predictor      Coef      SE Coef       T      P
Constant    111.231     0.249     446.69  0.000
days          0.19006  0.003841   49.48  0.000

S = 1.22719   R-Sq = 95.9%   R-Sq(adj) = 95.8%

The slope of 0.19 shows the precise angle of the non-ballistic trajectory; about 2 SPX points/day. Set your sights accordingly.


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