Monday, November 07, 2016 2:14:33 PM
SPX 120-min chart with the important
RSP:SPY ratio within its BB channel
and its recent low marked with a red
horizontal value (its June low is near this
ratio low)
chart 1 - 120-min SPX
chart 2 - daily RSP:SPY ratio
* Arthur Hill, CMT and other well-known professional
technicians teach how to use this ratio for
choosing exit/entry timing for SPX related trades.
and clearly the conditions in which RSP price action
is actually leading the SPY price action
is most favorable for the lasting upside price action for SPY , and horizontal price action support is
more reliable when the RSP:SPY ratio is positively divergent
chart location wise vs. the SPY price action
RSP:SPY ratio within its BB channel
and its recent low marked with a red
horizontal value (its June low is near this
ratio low)
chart 1 - 120-min SPX
chart 2 - daily RSP:SPY ratio
* Arthur Hill, CMT and other well-known professional
technicians teach how to use this ratio for
choosing exit/entry timing for SPX related trades.
and clearly the conditions in which RSP price action
is actually leading the SPY price action
is most favorable for the lasting upside price action for SPY , and horizontal price action support is
more reliable when the RSP:SPY ratio is positively divergent
chart location wise vs. the SPY price action
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