SPY vs Gold Ratio at upper limit
Past ~1.5yrs the ratio between SPX500 and gold (XAUUSD) has followed a channel defined by a 3pt trend line on top and its parallel 2pt trend line below.
Currently close to its upper limit. The past 2 peaks were "resolved" by a short term increase in the price of gold, thereby lowering the ratio (increasing the denominator).
Alternative resolutions include:, SPY can drop. or, they both drop but SPY drop faster.
Also, see RSI of the ratio with long signal for Gold and short for SPY
Currently close to its upper limit. The past 2 peaks were "resolved" by a short term increase in the price of gold, thereby lowering the ratio (increasing the denominator).
Alternative resolutions include:, SPY can drop. or, they both drop but SPY drop faster.
Also, see RSI of the ratio with long signal for Gold and short for SPY
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