RUT is under-forming SPY. This is a bearish indicator. In 2007 RUT peaked months before SPY and QQQ. RUT peaked in 2018. RUT still in a downtrend. SPY has broken its downtrend. There will be convergence eventually. Does SPY/SPX drop or does RUT/IWM rise?
Note
Underperforming*
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.
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.