S&P500: disturbing chart on the SPY US

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The SPY US – iShares S&P500 is one of the most traded ETF (yesterday’s turnover was 3.7 bn USD).

Hedge funds, funds, robot-advisory, algos, retail investors, etc use it to go long or short on the S&P500. Btw, I often buy puts on the SPY US for tail-hedges.

SPY US chart

Source: long-short.ch, Bloomberg 

A few thoughts about this chart:

  • September gap was filled!
  • A new gap was formed post-Trump
  • June gap still open 

Disturbing, right? Especially if you consider that Trump could pop the Nasdaq 2.0 bubble 😉 

To be followed…

Loïc Schmid

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