For the first time since the beginning of the bull trend in 2009, high yield bonds and the Ratio of XLY/XLP are moving in the opposite direction of the SPX(Diverging).. Another major warning signal. It looks like stocks are getting closer to the ultimate short.
Happy Trading :)
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My best regards,
Technician
Happy Trading :)
Join me at twitter.com/thefxchannel
Also at my Facebook page www.thefxchannel.com
My best regards,
Technician
