Ratio chart of SPY to AGG (iShares Core U.S. Aggregate Bond ETF--the most widely held bond ETF)...i.e. SPY/AGG). Shows bearish forming saucer (or rounding top) in SPY against AGG...i.e. that risk-on (SPY) looks to be putting in top against risk-off (AGG). Also has bearish RSI divergence. See top in 2007 for similarities.
Ratio chart of iShares Core U.S. Aggregate Bond ETF (AGG--the most widely held bond ETF) to SPY (i.e. AGG/SPY). Shows bullish forming saucer (or rounding bottom) in AGG against SPY...i.e. that risk-off (AGG) looks to be putting in bottom against risk-on (SPY). Also has bullish RSI divergence. See bottom in 2007 for similarities.
Todays candle went over a strong resistance zone, look back and notice who many times price tested this zone, now it just needs to close over to stay confident. Also Bollinger Bands are still expanding, also good indication to stay long. I still stay with target "at least" around 108 I posted on https://www.tradingview.com/v/tEpdWHEz