This next Daily chart shows a comparison of the SPX to DBC. They've been pretty closely correlated over the past year. I'm paying attention to the recent dip in DBC to see whether it continues down and whether the SPX follows.
Wednesday, May 02, 2012
SPX:DBC Ratio and Comparison Charts on my Radar
This 3-year Daily chart of the SPX:DBC ratio (S&P 500 Index and Commodities ETF) shows that the SPX is up against major resistance, and is under the influence of declining RSI, MACD, and Stochastics indicators.
This next Daily chart shows a comparison of the SPX to DBC. They've been pretty closely correlated over the past year. I'm paying attention to the recent dip in DBC to see whether it continues down and whether the SPX follows.
This next Daily chart shows a comparison of the SPX to DBC. They've been pretty closely correlated over the past year. I'm paying attention to the recent dip in DBC to see whether it continues down and whether the SPX follows.