S&P 500 IndexLong
SPX vs Consumer Staples Index XLP / SPX - Correlated!
An interesting chart appears when you divide the Consumer Staples Index XLP by SPX.
In 2000, XLP/SPX reached the bottom, the top in SPX was 153 days later.
IMO, same thing will happen in 2024.
Feb 1, 2024 XLP/SPX reached its bottom.
153 days later is in July 2024.
Will July 2024 be the top in US + Crypto markets?
In 2000, XLP/SPX reached the bottom, the top in SPX was 153 days later.
IMO, same thing will happen in 2024.
Feb 1, 2024 XLP/SPX reached its bottom.
153 days later is in July 2024.
Will July 2024 be the top in US + Crypto markets?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.