AI vs. S&P: Testing 2021 Highs – Breakout or Fakeout?AIQ/SPYNASDAQ:AIQ/AMEX:SPYSwisswoodiThis chart shows the AIQ/SPY ratio (AI-focused ETF vs. S&P 500) on a weekly timeframe. After a deep decline post-2021, the ratio has recovered strongly since 2023. It’s now retesting the previous peak from early 2021 (marked by the dashed line). A breakout above this level could signal continued AI leadership in the market. Failure to break out may lead to consolidation or a pullback. Key Level: 0.083 (2021 high). Watch for: Weekly close above resistance for confirmation.