QuantitativeExhaustion

Scanning Lines and Patterns

AMEX:SPY   SPDR S&P 500 ETF TRUST
22
You can best root out correlations with the CC tool on your list of indicators. Here is a look at an inverse relationship with the Peso and SPY. Peso has a broadening top pattern and the SPY is back in its bullish channel.


If the Peso does not improve we could see the SPY move much higher.



Broadening Top Pattern
thepatternsite.com/bt.html
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.