QuantitativeExhaustion

Large Spread Between US Bull Market and Euro, Very Concerning

FX:EURUSD   Euro Fx/U.S. Dollar
1488 7 17
As you can see in the chart last time a spread between SPY             and Euro             of this magnitude was during 2000 Tech Bubble Peak. What you might also notice is the fact that in 2000, Euro             bottomed while SPY             hit an all-time high. If price action repeats we should see Euro             capitulate and higher highs or a flat top for S&P 500 Index             / SPY             ETF . After SPY-Euro divergence is maximized the two would later reach an equilibrium.
snapshot


Short term
Reply
Nickmail
3 years ago
nice chart JR! expecting the same!
H&S pattern
Reply
QuantitativeExhaustion PRO Nickmail
3 years ago
nice fractal
Reply
Nickmail QuantitativeExhaustion
3 years ago
thanks man! you make a great job too!
Reply
QuantitativeExhaustion PRO Nickmail
3 years ago
I noticed the comparison between i-ii, and the later fractal had a more volatile drop. Also, i-ii in comparison had a slower rise on the first fractal compared to the second fractal. With both imputes, I wonder if this is always true... usually you have a deeper iv on the second and and flatter v as well. Market technicians have not put out enough evidence or research regarding fractals, but there should be.
Reply
timwest PRO
3 years ago
The relationship to the Aussie dollar is very strong also. And that has been weak lately also. Very concerning for the S&P500 for me.
Reply
Yeah. should revert to some kind of mean sooner or later. March 27th congress has to pass some budget measures, might be the trick or treat trade.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out