Battleaxe
Short

S&P/Dollar index

143 3 1
Any correlation that produces straight lines interests me. This one is intriguing. You'd think that if the dollar is up the market may be that much more down, but not necessarily so.
The dollar was strong in 2000-2001 and again now, but not so much in 2007-2008. But dividing the S&P             by the dollar index             produces a perfectly straight line through all 3 tops.
So for now it looks like S&P             down, dollar up, or both is the trend for the next year, year and a half.
RSI does not match the pattern. Turning up from oversold :-/
Reply
It's one of my favourite indicators... Check also correlation with JNK and HYG. Same turning point!
Reply
Also interesting that the late 2011 dip came down to exactly meet the lower line of the channel.
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out