TradingView
LD_Perspectives
Jul 28, 2021 2:06 PM

Pairs Trade Idea: Long Small Caps-Short Nasdaq 100 (IWM/QQQ) 

IWM/QQQArca

Description

Looking at the relative ratio chart of IWM/QQQ, we note the price trading at the lower boundary of the linear regression channel, having recently completed it's bear flag formation. As a pair one could consider a long IWM ETF/short QQQ ETF, at current levels or better.

Current ratio: 0.60
Preferred buying range: 0.57-0.60
Stop: 0.54
Target Range: 0.65-0.67
Comments
cutlossking
why?
More