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djo77721

Predictive power of US10Y on SPY in 2022

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
djo77721  
AMEX:SPY   SPDR S&P 500 ETF TRUST
Fundamental Analysis Technical Indicators Trend Analysis SPDR S&P 500 ETF (SPY) spyshort US10Y us10yr_long
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fundamental indicator trendanalysis spy spyshort us10y us10yr_long
16 of the first 18 days of this year, SPY moved in the direction opposite of what US10Y did the previous trading day.

I have been using 1/US10Y to get a rough idea of where the market is heading in the next day. The correlation to SPY is immediately obvious upon just visually comparing the 1D candles.

If this paradigm holds up, next week will be... interesting, to say the least.
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