jay_S_

US equities failing against Developed Markets

Long
SPY/VEA  
SPY/VEA  
US S&P 500 stocks ($SPY) have been in a continued uptrend when plotted against equities of Developed Markets ex-US ($VEA). Of late, that trend has really reversed and $SPY is breaking key levels, to possibly be challenging that LT uptrend channel.

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