Timeframe impacts participants’ perception of market dynamics.
SPY ETF charts in daily, monthly, quarterly and yearly time frames.
Daily: “Oh… market is falling.”
Monthly: “Um… just a down month.”
Quarterly: “Well… this is still strong market.”
Yearly: “Hooray… this is strong bull market.”
Disclaimer: No part of the analysis in this blog constitutes a trade recommendation. Read the full disclaimer here.
Charting and backtesting program: Amibroker. Data provider: Norgate Data
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