XLP / NYA ratio analysis update

10/26/2017 – as you know, we were looking for support to hold on a .382 retracement of the XLP/NYA ratio. this support would cause a bounce or a move higher in the ratio and therefore bring volatility into the market.  NOT EVEN CLOSE … that level has been pierced and now lower targets are shown.

folks, if your thinking of shorting I would wait .. when .382’s from all time lows don’t even cause a weekly/monthly move then something bigger is at hand going on …

I did some basic cycle work to show a time zone when the next support could come in December 2017-April 2018.

Until we elect a weekly or monthly signal reversal candle in this key ratio I wouldn’t touch the short side.

Bart

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