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S&P 500 Index

SPX / SPOT GOLD Ratio may be at a TOP

327
SPX

With the ration at a top as suggested by looking to the left and the RSI pivot
indicator, a strategy might be to exit stocks and buy spot gold.

An alternative view is that they both might be about to downtrend
but that gold will downtrend slower causing the ratio to drop.

Please comment as to your opinion. Thanks !
AwesomeAvani
Bearish PatternsChart PatternsGoldTechnical IndicatorsQQQSilverSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) spyshortTrend AnalysisXAG USD (Silver / US Dollar)XAUUSD

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.
Bearish PatternsChart PatternsGoldTechnical IndicatorsQQQSilverSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) spyshortTrend AnalysisXAG USD (Silver / US Dollar)XAUUSD
AwesomeAvani

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.