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

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

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 …

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets. View all posts by BART