joshrleonard

joshrleonard

Long term trend of SPY vs GLD coming into a long term support trend line. Are we about to see GLD outperform SPY? It be a big deal well beyond ratio with risk model implications for all markets and assets.

joshrleonard

This ratio is a key to the economic outlook. The bearish breakdown is confirmed, look for further downside in the markets.

joshrleonard Updated 

Clear perfect H&S top in the IWM/SHY ratio chart. Predicts that short term bonds will now outperform the Russell 2k and the target of the pattern is a new low in the ratio. This implies that the Russell is likely to break to new lows while short term bonds should remain strong. If short term bonds were to decline at the same time as the Russell, the decline in the...

joshrleonard

This chart has timed the market rallies and resistances with impeccable accuracy since the top was put in November of 2021. It is foundational to my daily trend review process. The ratio has been on a weekly sell signal and trend without any technical reversals. Consider ratio charts as hard data and much more reliable than financial pundits who say the "bottom...