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
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…