New Highs
#1
Posted 13 February 2019 - 10:47 AM
#2
Posted 13 February 2019 - 10:48 AM
#3
Posted 13 February 2019 - 10:58 AM
Platinum to hold ratio pointing to new highs in SPX ahead.
I agree with you on new highs but not until after a pause and quick selloff of 2-3%. I think we hold the important 2600 support, followed by new highs to 3200.
#4
Posted 13 February 2019 - 11:11 AM
It is still following a rising wedge which is at 2770 and climbing. The RUT just broke out of a rising flag which is highly unusual. A flag in the direction of the initial move usually results in a break down out of the pattern.
#5
Posted 13 February 2019 - 05:14 PM
Platinum to gold
I looked at a chart and it seemingly has predictive powers.
But intuitively I would have thought platinum/gold would be positively, not inversely, correlated with SP500 given platinum's greater economic sensitivity. What am I missing?
Taz
#6
Posted 14 February 2019 - 03:59 PM
I like it. It does seem to lead. I found it easier to look at a Gold/Platinum ratio for comparison purposes. Regardless of which way you look, I thank you for the info.
#7
Posted 14 February 2019 - 04:03 PM