In an unexpected turn of events, SPEU actually performs better than SPY in the years to come... RSI is now below it's SMA. Are we witnessing the top of the pair?
Tread lightly, for this is hallowed ground. -Father Grigori
Note
The violation of this trend marks the end of QE. This shows the true effect. I hope you all understand it. With Green and Red arrows, I have marked the points I used to draw the rays.
These long-term rays, prove as significant resistance. Hitting one of them, was a fundamental reason the Black Monday was so severe.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.