gb50k

SPY Bear /crash indicator DSRE/DSEH

The rate of change in the ratio between the Dow Real Estate index and the Real Estate and Housing Dev index provides a reliable indicator for impending losses in SPY.

Setting a cut off of approximately 3.5 in the ROC (this can be tweaked) is useful.
Disclaimer

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.