Relative Strength continues in $TTD

This is a great example of a favorite chart construct of mine. Regardless of the ticker (although I do favor TTD) I find this chart construction to be very beneficial to keeping things simple, effective and efficient. The following are key takeaways...

• Top third - Current price, line chart - looking for absolute support/resistance, uptrending/downtrending specifics. --->>> K.I.S.S. mentality here.
  
• Middle third - Price of underlying vs. SPXL (in this case) - Relative strength of the underlying security vs. SPXL gives a great shot of whether or not I even need to be considering a specific holding over SPXL. I also show the 63 day SMA on this ratio chart.
  
• Bottom third - RSI of the RS chart (middle third) - the goal here is to look for trending momentum either up or down as well as spotting critical divergences. I find divergences of this magnitude to be more reliable (tradeable) than your average price of underlying divergence. Shown is an example with TTD..

dgorghuber (TV)
@Futures_Runner (Twitter)