dpuleo19

Head & Shoulders top on USO/SPX?

USO/SPX  
dpuleo19 アップデート済   
USO/SPX  
The Covid Crash was like a reset on all assets and ever since, USO has been outperforming the SPX .

The ratio peaked on mid-June and it looks like is actullay forming a head & shoulders top.

This is bullish for stocks as I think the indexes already bottomed (in mid-June). But remeber, is not confirmed until the breakout on the neckline happens.

コメント:
It looks like the patter has been broken.

This is not good for stocks in general.

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