XEJ is looking interesting.. a bull flag with an inverse head...

XEJ is looking interesting.. a bull flag with an inverse head and shoulders within it



SPX/XJO ratio updated.. the roll over is looking more and more likely on the cards


SPX/Gold ratio, the 1.52 line proved to be support..


closer view of the right shoulder... i still think there is more left in the dead cat bounce for the ratio.. which leads me to think short term oil may out perform gold, rather than the SPX doing well (watching 1.87 as a potential next pivot)


which leads me to look at the SPX / Oil ratio out of curiosity


ignoring the 2020 oil price anomoly..its a very obvious cup and handle approaching its breakout

can the big boys cause some sort of crash to make a bigger handle on that cup?... i think there is more chance they go to war with iran and oil rockets
i think 60 is the new 40 for oil when currency debasement is factored in and a recession is already priced in for oil prices.

i think we are going to see a passinging fo the batton between oil and gold in the comming years taking their turns to lead higher.. perhaps its oil's time for a run