Turns Out SPX Equal Weight vs. Headline Knew the Correction Was Coming

Well, it turns out that NFTRH was timely in resurrecting this indicator to highlight the divergence in equal weight SPX to headline SPX back on February 9th in NFTRH 589. Here’s a screenshot of how this indicator was reintroduced for subscribers’ review (with the understanding that no single indicator is the secret sauce in and of itself, I make the distinction that the indicator knew the correction was coming but I personally, only knew of the risk for it)…

And here is the chart of this bad breadth indicator updated as of today, with the market damage it foretold well in progress.

rsp vs. spy

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