I love this Ratio, check out the construct. It draws nice lines, so it matters.
VOS is now at it's all time lows, a consistent bounce point. So back to basics....expect that "trend" to continue until proven otherwise. This doesn't make it look like SPX will get to 1400 now.
Also see the ACT...the Asset Class Total, making huge move way outside the Bollinger Band. This is mostly due to TLT the 10 year bond. Flight to bonds?
ACT
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I am closing long /ES, and long CCIX (more on that trade idea in a future post)
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Insightful and Useful Comment!