Will the Real Level Please Stand Up? (Know Your Market)

AdamAdam Grimes's blogs, Intraday Levels, Technical Plays, Trader Development, Trading Lesson8 Comments

Traders watching the S&P 500 have at least four possibilities for market proxies (and most other major indexes have similar issues), but they’re not always created equal. Some instruments do some things better than others and some are completely inappropriate for certain uses. Let’s start with looking at the pros and cons for each SPY proxy: SPY: An ETF that … Read More