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S&P 500 Index
Short

The importance of SPX/TNX

By cfetrader
The RSI and WT momentum indicators have clearly formed a negative divergence, which is an advance signal for a future downtrend, in response to the relevant ascending trend of the peak SPX/TNX values. Further decline of this ratio is directly associated with possible TNX rise and/or SPX fall. This ratio could be a major warning for a highly probable stock market directional shift in the near future.
cfetrader

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