Sequel to "Same ratios on this movement" chartIt's still early, but the ratio chart I made () seems to be playing out, so I wanted to extend on it and do some more analysis.
In this chart I cover some more of the similarities between these rallies and what to look for going forward which could give confirmation to this prediction.
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SPX vs. shot term volatilityGood chances that it will get ugly for S&P if it loses 1.618 extension on this ratio chart- next support middle bollinger lines & extension 1.
GBPUSD vs. Dollar index ratio chart weeklyLooks like GBPUSD wants higher - but could take some time to form symmetrical inverse H&S.
AA weeklyCareful with this one. Aluminum still in the bottoming process. Some support lines on ratio chart vs. DIA. Long above weekly EMA8, especially if it goes lower and then regains it.
GDXJSome support on the ratio chart vs. SPY (false breakdown could be a good sign). Long above VStop on the daily chart.
MCD vs. SPY ratio chartStrong support here (monthly EMA 100). MCD could start to run higher here - some obstacles ahead = aligns with volatile markets ahead.
Currency is leading German index higher this yearCorrelation is at the top, momentum is waning. Ratio chart has some decent support at the horizontal line.
