Here is a very important chart: the ratio between growth stocks and value stocks.
Wave 3 could be ending soon as we just touched the ML of the PF and hit the 200% extension of W3 vs W1.
We are seeing an extended 5th within W3 which could top at 1.90 with a daily bearish divergence on the RSI.
If this count proves to be correct, we will see NDX under-perform the SPX whatever the direction of indices.
As you can see, each time this ratio corrected, we witnessed some turmoil on the markets to say the least...
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Wave 3 could be ending soon as we just touched the ML of the PF and hit the 200% extension of W3 vs W1.
We are seeing an extended 5th within W3 which could top at 1.90 with a daily bearish divergence on the RSI.
If this count proves to be correct, we will see NDX under-perform the SPX whatever the direction of indices.
As you can see, each time this ratio corrected, we witnessed some turmoil on the markets to say the least...
Follow us on Twitter and join our free Discord group to get daily updates in plenty of assets and access all our charts!