One more correlation

Correlation trading strategy idea analysis

Have you seen my previous analysis? If yes, you were able to catch great short trading AAPL.
Now I will show you another share, for correlation trading strategy.

Look on the SPY and MSFT charts.
Actual corresponding support&resistance levels look so much alike.
I even should not paint correlated moves, they are obvious and notable.

Look at the last correlated correction move on the market. This period of correlation between SPY and MSFT is too good to be missed.

Due to the correlation trading strategy, it is reasonable to wait for correlated lever breaking.
When SPY and MSFT simultaneously break their resistance levels, It will be possible to buy MSFT.
When SPY and MSFT simultaneously break their support levels, It will be possible to short MSFT.

Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.

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