SPY BOARD SCALE
Tracks SPY and its biggest holdings to show whether buyers or sellers are in control.
CALLS
PUTS
WAIT
Step 1: Check the SPY Total Scale.
CALLS = Buyers have the advantage.
PUTS = Sellers have the advantage.
WAIT = No clear edge yet.
CALLS = Buyers have the advantage.
PUTS = Sellers have the advantage.
WAIT = No clear edge yet.
Step 2: Open the Live Chart and confirm the move.
For CALLS, look for price above VWAP and moving averages.
For PUTS, look for price below VWAP and moving averages.
For CALLS, look for price above VWAP and moving averages.
For PUTS, look for price below VWAP and moving averages.
Step 3: Check the Top Drivers section.
The strongest signals happen when the largest SPY stocks are confirming the same direction.
The strongest signals happen when the largest SPY stocks are confirming the same direction.
Step 4: Check Market Confirmation.
Market Confirmation checks whether the broader market agrees with the SPY signal.
XLK = Technology sector leadership
VIXY = Market fear
SH = Inverse S&P 500 confirmation
UUP = U.S. Dollar strength
Important:
The colors indicate whether each market indicator agrees with the current SPY signal.
🟢 Green = Confirms SPY
🔴 Red = Opposes SPY
🟡 Yellow = Neutral / No clear signal
Example:
If SPY is CALLS:
• XLK should be CALLS
• VIXY, SH, and UUP should be PUTS because they generally move opposite SPY.
If SPY is PUTS:
• XLK should be PUTS
• VIXY, SH, and UUP should be CALLS because they generally move opposite SPY.
Market Confirmation checks whether the broader market agrees with the SPY signal.
XLK = Technology sector leadership
VIXY = Market fear
SH = Inverse S&P 500 confirmation
UUP = U.S. Dollar strength
Important:
The colors indicate whether each market indicator agrees with the current SPY signal.
🟢 Green = Confirms SPY
🔴 Red = Opposes SPY
🟡 Yellow = Neutral / No clear signal
Example:
If SPY is CALLS:
• XLK should be CALLS
• VIXY, SH, and UUP should be PUTS because they generally move opposite SPY.
If SPY is PUTS:
• XLK should be PUTS
• VIXY, SH, and UUP should be CALLS because they generally move opposite SPY.
Example:
✓ Board = CALLS + Chart Above VWAP = Strong Bullish Confirmation
✓ Board = PUTS + Chart Below VWAP = Strong Bearish Confirmation
✓ Board = CALLS + Chart Above VWAP = Strong Bullish Confirmation
✓ Board = PUTS + Chart Below VWAP = Strong Bearish Confirmation
80-100: Strong CALLS
58-79: CALLS
43-57: WAIT
21-42: PUTS
0-20: Strong PUTS
Market Confidence Score
The Market Confidence Score measures how strongly outside indicators agree with the SPY signal.
Weighted confirmation:
• XLK = 40%
• VIXY = 25%
• SH = 20%
• UUP = 15%
Higher scores mean more independent market indicators agree with the current SPY direction.
The Market Confidence Score measures how strongly outside indicators agree with the SPY signal.
Weighted confirmation:
• XLK = 40%
• VIXY = 25%
• SH = 20%
• UUP = 15%
Higher scores mean more independent market indicators agree with the current SPY direction.
How to Read It
CALLS + Strong Confidence = Buyers are in control and the broader market agrees.
CALLS + Moderate Confidence = Buyers have the advantage, but confirmation is mixed.
CALLS + Weak Confidence = SPY is bullish, but outside indicators do not strongly agree.
PUTS + Strong Confidence = Sellers are in control and the broader market agrees.
PUTS + Moderate Confidence = Sellers have the advantage, but confirmation is mixed.
PUTS + Weak Confidence = SPY is bearish, but outside indicators do not strongly agree.
WAIT = No clear trading edge. Wait for the board and the market to align.
CALLS + Strong Confidence = Buyers are in control and the broader market agrees.
CALLS + Moderate Confidence = Buyers have the advantage, but confirmation is mixed.
CALLS + Weak Confidence = SPY is bullish, but outside indicators do not strongly agree.
PUTS + Strong Confidence = Sellers are in control and the broader market agrees.
PUTS + Moderate Confidence = Sellers have the advantage, but confirmation is mixed.
PUTS + Weak Confidence = SPY is bearish, but outside indicators do not strongly agree.
WAIT = No clear trading edge. Wait for the board and the market to align.
SPY Signal Details
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Top Drivers
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