Would you consider this a possible Cup and Handle pattern?
stock market is pricing in close to 20 PE currently which is roughly a 5% earnings yield, while bonds are paying close to that. next years expectations are still that we see a rise of as much as 10% higher earnings. If we instead slow down earnings growth, the market may be too expensive. SPX SPY IWF QQQ DIA
Value showing meaningful outperformance for the first time in a decade. Might see a pause here as ratio bounces off of key support zone.
Buyers have created a double top from a few days ago which held prices down. Once sellers were able to prove they had the strength to create double tops, they then came in with 3 lower high bull failures completely derailing the bulls from the wedge breakout up. Now, with a fake-break of the wedge top and heavy bear momentum back in, sellers will be hunting for...
RUT was the last major index to have the golden cross. Will small cap value ETF (IWN) or small cap growth ETF (SLYG) finally catch up?