SP500/EUSTOXX50 - Spread collapse takes a pause and reverses

238 0 2
Please first read my previous spread call on the link below! Actually the trade has worked even better than expected.

I have already closed out the previous long Estoxx50 / short SP500             spread, when it reached the original tgt             . Now I open position into the opposite direction.

- The price (spread ratio) has got very far away from Kijun and Senkou B, so at some point we should see a pull back towards equilibrium level
- MACD is turning back to bullish , Slow Stoch has been extremely oversold
- HA candle yesterday had small candle within the body of the previous candle, while haDelta was ticking further up
- haDelta more above SMA3 and crossing back above zero line

Please note, that this is not a directional equity index bet, but a relative value trade. It can perform either on general bearish or bullish mkts. This is a question of which index will perform better in the close future. So in this case either EUSTOXX50 has to show some correction from overbought levels, or SP500             has to make a bullish breakout and catch up in performance to the European index.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out