|Simple Trading Ideas||
The daily chart below shows SPY, the S&P 500 ETF for the past 12 years with the 50-day, 200-day, 400-day and 600-day moving averages and the 600-day Bollinger Band. Below the chart there is the PPO(50,600) (green) and PPO(200,600) (red). PPO is the Percentage Price Osciilator which is a momentum oscillator similar to MACD. It measures the difference between moving averages as a percentage of the larger moving average. For example PPO(50,600) measures the percentage difference between the 50-day and 600-day moving averages. Notice that both the red and green lines are reaching unusual high levels. Also on the chart notice how the moving averages are fanning out and the lower 600-day Bollinger Band is curving down. Also the price is above the upper Bollinger Band.