Entire price history of RSX
is shown. Difference in white and purple count is reflected in whether corrective action from 2011 through 2013 was an A-B-C or triangle with additional D-E. Purple alternative is NOT my current expectation, but positive divergences on indicators could be a warning. In this view, its clear RSX
need not follow major US equity indices, many of which are set to melt up together. See other ideas on SPX500
, etc. Even EFA
has a different set-up, but I digress.