the ratio at it again …
last post on XLP/ NYA: https://bartscharts.com/2021/05/05/xlp-nya-our-favorite-ratio-and-a-twist/
today, the ratio went and smacked right into an hourly pattern SELL (yellow highlight) and a 15 minute butterfly sell (light blue) …
when the ratio goes DOWN the market goes UP. pattern hit perfectly and the rally ensued …
now, it’s time to WATCH the next day or weeks action to see if this pattern fails and the sell off continues OR the ratio continues down causing sustained rally. I don’t recommend being LONG any indices right now as we are in a TIME and PRICE window that might prove significant.

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