GettnFibbywIT
Aug 24, 12:38 PM
$DBP $SPY
DBP/SPY appears to have transitioned from relative-strength deterioration into a repair and potential leadership-improvement phase. Following a bullish price/momentum divergence and a subsequent basing period, the ratio has begun advancing on strengthening momentum. Both absolute and trend RSI have regained bullish territory, suggesting improving relative sponsorship for precious metals versus the broader equity market. Continued higher highs in the ratio would provide additional evidence of improving sponsorship for precious metals and increase confidence that a more durable period of relative outperformance is developing.
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