Is Growth Ready to Lead Again? π The Chart Report
Chart of the Day
π Today's Chart of the Day was shared by Scott Brown.
Pure Growth versus Value (RPG/RPV) is holding trend-line support dating back to its January 2023 bear market low.
RSI has carved out a bullish divergence, and prior instances have marked meaningful bottoms in this ratio.
If growth is going to reassert its dominance, this is a solid first step, but we must see follow-through.
The Takeaway: The pairing of trend-line support and a bullish RSI divergence gives growth an opportunity to reclaim leadership relative to value.
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