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US/China stocks ratio approaching first demand zone
SPDR S&P 500 ETF TRUST
US/China stocks ratio approaching first demand zone
By pantheo
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May 15, 2014
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Cheer
Cheer
May 15, 2014
Ratio between SPY and FXI approaching first demand zone, after the rejection at 1,618 fib, backed by negative momentum divergence.
Value area between MA10/MA30 maybe help a possible bounce to 5,44 in the ratio.
Pays to be short SPY and long FXI.
Cheers
Panos
FXI
gdow
SPDR S&P 500 ETF (SPY)
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