XLP / NYA update – heads up and pay attention

03/30/2016

see chart below and let me know if you have any questions .. some things to think about. VERY NICE POP since this post …

let’s not get cocky … trade what you see.

B

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so based on the above – certainly could put this into the potential’s out there.  just saying …

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note the $NYA chart below ….

  • blue arrows represent the largest corrective move since 2009
  • in the 2007-2008 financial panic this measured move held the market at bay for almost two months
    • can you imagine the talking head pundits on CNBC BS’ing about that for two months … blah blah blah.
  • we also see the dashed black arrows projection to the exact level as the measured move
  • we have weekly bullish divergence present on the RSI
  • plus, we are a couple ticks shy of the XLP / NYA ratio in an arena of overbought more than 2009.

so, if were going up … sure looks like it’s about time for that to  happen.

here we go …

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2 Comments on “XLP / NYA update – heads up and pay attention

  1. Pingback: XLP / $NYA – wow, what a “perfect” sell pattern on the ratio – means BUY equities (if it fails, watch out) | Bart's Charts

  2. Pingback: heads up the party’s going into the late night … might want to call Uber | Bart's Charts

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