Tech stocks have been on a roll for the past 15-years (long-term bull trend) and nothing of late has changed that! Above looks at the Nasdaq 100/SPY ratio on a monthly basis over the past couple of decades.

Over the past 15-years, the ratio has spent the majority of the time inside of rising channel (1), highlighting that tech has been in a leadership role for years and years. The ratio is now testing the top of this rising channel at (2) this month.

The ratio is now at a price point where it is important to see a breakout. Tech bulls would get a caution message if weakness or a reversal pattern takes place at (2).

Below looks at key stock indices around the world-


Each of these indices is in solid long-term bull trends and nothing of late has changed that! Each is testing breakouts at each (1).

Similar to the NDX/SPY chart above, these indices want to see breakouts, not selling pressure getting started at each (1)!


View our most recent webinar multi-decade patterns in play and how to take advantage

Get my daily market insights sent to your inbox FREE daily or weekly


How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past