SPX/EFA - looking for clues

27 apr 2020

In my attempts to work out if the present rally is the beginning of a new uptrend or part of a larger correction I am will look at almost anything that might provide a clue. Does this ratio of the US market equities to Ex-US equities offer a clue? Perhaps, if this count has any merit (which I am doubtful about due to the very extended nature of my 5th wave). It would suggest that we need another correction to complete an ABC correction.