FINANCIAL ICEBERG
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 TECHNICALS
SP500: High/Low Beta ETFs: Risk Taking Behavior lowest since May 2013 ?
January 7 ( From  TradeView, CNN Money )
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​​The Situation

​

​​​The market participants never gave attention to that divergence that 
​started from May 8 2015 between Risk Taking behavior (weakening) and 
​the ​Mighty ​SP500 Index that was holding in a rising wedge pattern til it 
​broke finally on the downside on August 20.​
​​​​​​​​( See chart below - Bottom Panel - Red Trendline ).

​​The divergence is even more obvious on a weekly chart. And we broke 
​on the July 20 week, the support trendline that started back since
​June 2012. ​​​​​​​​​​( See second chart below - Top Panel - Blue Trendline ).

​​​​The market reached on December 3 2015 a full risk Off status ​according 
​​to ​the ​ETFs ​High/Low Beta Ratio ​when the 7 DMA (Day Moving Average) ​finally turned downward... 
​ ​​( See chart below - Vertical Trendlines and Ellipses ).

The level of risk taking now according to that ratio is at the zone ​reached ​at the beginning of May 2013 when we had that strong rebound. ​​​​( See chart below - Top Panel Amber Trend Line - Ellipses ).
​
​​​Also interesting to note​​ the Fear and Greed Index from CNN Money is coming from  Greed and as of January 6 is now at the Fear Level.


But the most interesting technical pattern here is that we continue to have a Lower Risk Pattern Behavior on a Weekly Chart as the Mighty SP500 Index are still above the August 2015 correction level; what a divergence! 
​( See second chart below - Top and Bottom Panel - Channels ).

​​High/Low Beta ETFs ratio on a short term basis broke the daily support trendline form a downward channel  ​​​​​that started since August 7 2018; capitulation phase it is indeed...
​ ( See chart below - Top Panel - Channel ).



SP500: High/Low Beta ETFs: Risk Taking Behavior lowest since May 2013 ?     $SPY    #Trading #risk #spy  #SP500 


RATIO
High Beta - Low Beta ETFs​ ( Blue Line - Top Panel )
7 DMA ( Grey Line )​
SP500 ( Candles - Bottom Panel )​








Financialiceberg.Com


Weekly RATIO

High Beta - Low Beta ETFs​ ( Bar - Top Panel )

​SP500 ( Candles - Bottom Panel )​


Financialiceberg.com