Update on ratio of OSX/NYA

05/31/2016

here’s an update to the BUY of the RATIO of OSX/NYA. couple things to note:

• pattern held and note the move UP in Crude pretty much the same day the pattern hit
• it’s not that much of a bounce …would expect it to have been bigger, especially w/ the move in Crude and the Loonie vs USD.
• also, note the divergence in the ratio as the crude oil continued higher. this has usually led to a move lower in crude …
• stay tuned, does this spell weakness ahead for Crude and the Loonie?

here’s the RATIO of $OSX / $NYA. it has a buy pattern HERE or a little LOWER.

below that is crude and CAD vs USD (USDCAD inverted) overlaid on top of the ratio.

they move together

so IF this BUY pattern works THEN we have a big move coming BULLISH for Crude and the Loonie.

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