Always consider hidden risks
SP500: High Beta - Low Beta ETFs: Risk Off Behavior ?
November 24 ( 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 November 6 2015 a full risk On status ​according
​​to ​the ​ETFs ​High/Low Beta Ratio ​when the 7 DMA (Day Moving Average) ​finally turned downward on November 10 only...  ​​
( See chart below - Vertical Trendlines and Ellipses ).

The level of risk taking now according to that ratio is at the zone ​reached ​at the end of August 2015 when we had that strong correction with no rebounding in sight. ​​​​( See chart below - Top Panel Amber Trend Line - Ellipses ).

​​​Also interesting to note​​ the Fear and Greed Index from CNN Money is coming from Extreme Greed and as of November 23 is now at the Neutral Level.

​​​​​The SP500 Index (SPX) broke on August 20 a Rising Wedge Pattern. that started since December 16 2014.
 ( See chart below - Bottom Panel - Red Trendline ).

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 back near the high ever; what a divergence! 
​( See second chart below - Top and Bottom Panel - Channels ).

 SP500: High Beta - Low Beta ETFs: Risk Off Behavior ?    $SPY    #Trading #risk #investing  #SP500
High Beta - Low Beta ETFs​ ( Blue Line - Top Panel )
7 DMA ( Grey Line )​
SP500 ( Candles - Bottom Panel )​

Weekly RATIO
High Beta - Low Beta ETFs​ ( Bar - Top Panel )
​SP500 ( Candles - Bottom Panel )​