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XLP/NYA – January 15, 2025

person holding pasta jar and tissue paper

BIG MOMENT of inflection here … this support needs to hold for a correction to unfold or we could be exploding higher.

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Ratio analysis, key level hit on the XLP/ NYSE Index

we have a very KEY level of support on the XLP/NYSE Index ratio. as you can see below … we have the measured move (dashed red line) equal to the largest correction in the ratio since the low in 2007 and w/ that the lowest level on the RSI in 12+ years. note, a bullish […]

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