February 1, 2020

Similarity between S&P500 and NIFTY charts

- both had a breakout in SEP 2019
- this was followed by a retest of support in OCT
- and then a breakout

- the S&P 500 has since then blasted, nifty struggled upwards

- and then in JAN 2020, both indices traded in a range
- and yesterday, both closed near JAN lows (first week)

Charts:



S&P 500:



NIFTY:

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