This is the ratio RU2000 (IWM) / S&P100 (OEF)
Being the GENERAL equity market trend mainly lead by small caps, the ratio IWM / OEF should test the channel before the uptrend resumes. Which means, the the denominator should perform better than the numerator for the next few months at least.
Put it simply, I finally find myself in the condition of drwaing TA charts. Something I have *never* done.
Can someone tell me how should I interpret the triangle that I drew on PFIN.
I personally expect it to re-test the support and then break resistance upward.
I understand this might not the righ place for such ...