S&P 500 IndexLong
SPX vs Nasdaq | Inverse head-shoulder bottom
Daily (L): +6.5% initial upside on inverse head-shoulder breakout. RSI constructive.
Weekly (R) - Unfortunately the ratio still in a downtrend (just pulling back from extremely lows). RSI range need to move back to the bullish channel (red) for the ratio's long-term downtrend to reverse; tough-shot unfortunately.
Weekly (R) - Unfortunately the ratio still in a downtrend (just pulling back from extremely lows). RSI range need to move back to the bullish channel (red) for the ratio's long-term downtrend to reverse; tough-shot unfortunately.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.