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Nov 25, 2020 2:11 AM

SPX vs Nasdaq | Inverse head-shoulder bottom Long

SP:SPX/NASDAQ:NDX1D
SPX/NDXSP

Description

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Daily (L): +6.5% initial upside on inverse head-shoulder breakout. RSI constructive.

Weekly (R) - Unfortunately the ratio still in a downtrend (just pulling back from extremely lows). RSI range need to move back to the bullish channel (red) for the ratio's long-term downtrend to reverse; tough-shot unfortunately.
Chart PatternsTechnical Indicators
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