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Teucrium Wheat Fund ETV
Long
Updated

Weat etf vs SPY etf

267
According to the ratio chart we should be close to a reversal here. If we do start rallying again it will take more spy to equal a share of the weat etf. After a long term base like this, the breakout rarely fails although a retest of the breakout is common.

As I said before, I think the inflation trade on AG commodities is about to start up again - regardless of what CPI says on Wednesday.
Note
weat daily chart snapshot
the_sunship
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Chart PatternsS&P 500 E-Mini FuturesS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) WEATzw

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Chart PatternsS&P 500 E-Mini FuturesS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) WEATzw
the_sunship
Also on:

Related publications

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.