The XJO appears to be trying to disconnect from the S&P500....

The XJO appears to be trying to disconnect from the S&P500. Since the end of January the XJO has flattened out while the S&P500 has continued upwards.

My interpretation is that, when the next correction begins, the XJO will probably fall harder than USA markets.

Now may be a good XJO shorting opportunity because if the XJO keeps going sideways then it is a relatively safe bet, with a close stop in case it does break upwards again.