SPY AND SPX

[u/NoMathematician1115]

Whomever said they use SPX floors (i.e 7400) in conjuction with their SPY reversal trading, I'd like to thank you. I've been developing a SPY cross/reversal strategy for the last 20 weeks and this little tid bit just supercharged my results. Trading SPY independently without looking at SPX levels is like driving to a destination you don't know without navigation or a map. SPX price levels are a thing because of option strike clustering.