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pantheo

US/China stocks ratio approaching first demand zone

SPY/FXI  
pantheo  
SPY/FXI  
SPDR S&P 500 ETF (SPY) FXI gdow
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spy fxi gdow
Ratio between SPY and FXI approaching first demand zone, after the rejection at 1,618 fib, backed by negative momentum divergence.

Value area between MA10/MA30 maybe help a possible bounce to 5,44 in the ratio.

Pays to be short SPY and long FXI.

Cheers

Panos

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