We’ve discussed the ratio many times …
It hit a VERY nice PRICE AND TIME target and rallied nicely. Recently, as the stock market continues its relentless advance, it has pulled back as expected.
Now, we are close to VERY important support for the ratio … IF we find support and the ratio starts back up THEN we are in the beginning phases of the “risk on” phase as staples start to outperform, on a relative strength basis….
Pay attention … also, note the ‘basic’ static time cycle component …
