Tuesday, January 6, 2015

Geometric Value Line Index:Never confirmed the SPX all time highs

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?