This simple indicator continues to handle the year’s whipsaws quite well. Trading SPY with the indicator has resulted in a year-to-date net gain of 10.16% while a buy and hold of SPY has yielded a gain of only 6.23%.
The indicator signaled short at the close on July 3rd, effectively shorting exactly at the recent high.
Because it was designed with a much longer time horizon, I’m still not sure how well the indicator will handle all this whipsawing. So far, so good.
To read more about this indicator, there are many posts on it housed here.