Geometric Value Line Index($XVG) is for the last few months under a significant horizontal resistance line. SPX managed to break up to ATH(all time highs) but XVG still isn't confirming this upmove.
Will XVG start rolling down towards the lower trendline of a falling megaphone( meaning a major crash for equity indices)?or is it different this time and it will follow SPX to ATH breaking out of this huge megaphone formation?
Will XVG start rolling down towards the lower trendline of a falling megaphone( meaning a major crash for equity indices)?or is it different this time and it will follow SPX to ATH breaking out of this huge megaphone formation?
