As you can see, the SPY low from late September corresponded to SPY's high from June high (line a), which shows that resistance level became support. Growth VS Value Tom Aspray -ViperReport.comThis help stimulate a number of discussions in the financial media as to whether it was finally time for value stocks to lead growth stocks. This monthly chart is of the spread between the S&P Growth Index ($IGX) and the S&P Value Index ($IVX), going back to 1999. When the ratio is rising, growth stocks are outperforming value-based ones, and when it is falling, value stocks are stronger. The spread peaked in June 2000 at 1.564, and bottomed in May 2007 at 0.844, as value stocks led growth stocks over that period.

Source: Forbes October 11, 2020 17:15 UTC