The uptrend from the July lows in the RS, line e, was broken late last week.
The key relative performance support at line e was broken in September and the RS line is now dropping sharply.
The relative performance, or RS analysis, broke its downtrend, line e, on October 18.
The RS analysis formed a positive divergence (line e) at the June lows, which has been confirmed by the move through resistance (line d).
The RS line is now back to stronger support, line e, that goes back to the 2011 highs.
The RS shows a longer-term pattern of lower lows (line e), which is a sign of weakness.
The RS line has continued to rise sharply after breaking its downtrend, line e, in December.
The RS line has completed its bottom formation by moving through resistance at line e.
The RS line did not make new highs on the most recent rally, line e.
The daily relative performance or RS analysis turned positive in July, as it moved through resistance (line e).
The RS analysis was confirmed by the on-balance volume, as it overcame the key resistance, line e, in early April.
The monthly RS line has been below its WMA since the end of April and has next important support at line e.
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