$CRB:SPY - Chart Link- I always strive to be
humble, when you get too cocky you get burned in trading, but I
have to pat myself on the back a bit for pointing out this weekly
bullish falling wedge on the CRB/SPY or DBC/SPY ratio well over a
month ago and repeated since in all my newseltters, that hinted
either a market correction or strong commodities and weak SPX once
the wedge broke out
Commodities to SPY ratio wedge
Posted by matt on 10th of Jan 2025 at 12:09 pm
$CRB:SPY - Chart Link- I always strive to be humble, when you get too cocky you get burned in trading, but I have to pat myself on the back a bit for pointing out this weekly bullish falling wedge on the CRB/SPY or DBC/SPY ratio well over a month ago and repeated since in all my newseltters, that hinted either a market correction or strong commodities and weak SPX once the wedge broke out
playing out
DBC:SPY - Chart Link-
Update: Commodities to SPY ratio wedge
Posted by matt on 10th of Jan 2025 at 12:21 pm
DBC - Chart Link- besides the DBC/SPY ratio you can see how long the consolidation has been, energy is pent up
DBC - Chart Link- especially on the monthly, look at the pinched MA ribbon, and the complete MACD recycling back to zero and trying to curl back up
$SPX - Chart Link- the
Posted by matt on 10th of Jan 2025 at 01:29 pm
$SPX - Chart Link- the other daily view
Update: Commodities to SPY ratio wedge
Posted by matt on 10th of Jan 2025 at 12:12 pm
DBC:SPY - Chart Link- here's the daily ratio, I added a 1st symmetry target, otherwise that 5 wave wedge was textbook
Good call
Posted by coolhat on 10th of Jan 2025 at 02:34 pm
Good call