New S&P 500 Trend Signal & Macro Model Introduction

Systematic Trading

S&P 500 Trend Signal

Herewith the current chart and interpretation described in the section below:

Short Term: “Short” (as of Nov. 29, 2023 3:25 pm ET @ SPY 454.45)

The S&P 500 is in a short-term overbought state as indicated by the overbought signal on Friday, Nov. 17, 2023 (“Sell 1” on the chart above). From there I waited for some type of reversal patte…