A Look at the GLD/SPY Ratio
Because why not? The inverse of our old friend Amigo #1 (SPX/Gold ratio) is a primary macro indicator, after all. When last we looked at SPY/GLD we noted a less than stellar setup. That must’ve meant that GLD/SPY was constructive at least to end its consolidation. Here’s the current view. No trend change and daily RSI and MACD are still in the red but RSI … Continue reading A Look at the GLD/SPY Ratio
