SPY bulls need the RSP daily and 60-min to hold above the 104.25 June high price level, or price damage becomes increasingly possible
likely not constructive for the near-term or intermediate-term bullish case is that the RSP to SPY daily ratio is now at the lowest level seen since mid-March 2018
the RSP to SPY daily ratio had a rising trend into the March and the June RSP price highs, and has now been declining since mid-June
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