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RRG - RS and Mom seems to go in opposite direction of relative price
In the chart below, The RRG RS-Ratio and RS-Momentum lines are trending down in the last few days for AAPL. Why is that?
The relative price (AAPL:SPY) has been consistently trending up.
This seems deceptive - how is the RS-Ratio and RS-Momentum indicators calculated? I understand they're lagging indicators of relative price, but i don't see relative price leading these indicators downward.