Correlation of all the US Indices: Today, the NASDAQ Composite
printed a new All Time High. The DO, SPX, and R2000 are still lagging behind. In an effort to understand if it is possible for the NASDAQ to print an ATH while the other indices continue to make lower lows, I overlay all the indices on a single chart. The correlation is almost 100%. With this, I am 99% sure that the DOW and the other indices will eventually make their ATH.
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In 2000, there was rotation between the DOW, SPX, and NASDAQ with tops printed on three different dates but the fac is all three indices printed ATHs within 3 months.
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ATHS printed by all 4 indices on 1/26/2018
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During the 2016 correction, all 4 indices bottomed on the same day.
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In the topping action in 2015, all 4 indices printed ATHs within 2 months of each other and all bottomed on the same day.
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In the 2011 correction, all 4 indices topped on the same day and bottomed on the same day.
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In 2007/2008/2009, all indices printed ATHs within 3 week of each other in October 2007 and all 4 indices bottomed on the same day in March 2009.
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Following the 9/11 attacks, all 3 indices bottomed on the same day twice and the same week once.
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In 2015, the indices were also found walking in tandem.
