US/China stocks ratio approaching first demand zone

١٥ مايو ٢٠١٤

Ratio between SPY and FXI approaching first demand zone, after the rejection at 1,618 fib, backed by negative momentum divergence.

Value area between MA10/MA30 maybe help a possible bounce to 5,44 in the ratio.

Pays to be short SPY and long FXI.

Cheers

Panos