LDPM (Liquidity-Dependent Price Movement) measures the liquidity environment that the price-movement finds itself. When LDPM is above the price, this is a bearish outlook.
Here we have a smoothed-LDPM (blue line) and the "raw"-LDPM (green/red line) well above SPY's current price on the Daily.
This is indicative of poor liquidity on the upside, and infers continued downside is likely.
LDPM (both of them) are pointed towards the price, however, which indicates that liquidity is approaching the current price. However, the current raw-LDPM value is $369, and the smoothed is $376. This suggests that ~$370 is where SPY would have to move to in order to start regaining any upside-liquidity.
Nota
LDPM on the daily is now below the current price. Closing short positions and anticipating long for the time being.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.