Wednesday, February 21, 2018 2:48:49 PM
RSP:SPY daily ratio is attempting to print a new multi-year low today for the daily close,
February 21, 2018
( a bearish event for the lasting SPY price action, not necessarily in the immediate future )
the ratio declining is clear evidence of daily control since 2016 of the price action by the top 25
( ranges from 30% to 37% of the S&P 500 entire price action each day )
and by the top 100 largest market capitalization stocks
in
the 500 symbol set composing the weighted S&P 500 index
February 21, 2018
( a bearish event for the lasting SPY price action, not necessarily in the immediate future )
the ratio declining is clear evidence of daily control since 2016 of the price action by the top 25
( ranges from 30% to 37% of the S&P 500 entire price action each day )
and by the top 100 largest market capitalization stocks
in
the 500 symbol set composing the weighted S&P 500 index
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