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
- is turning back to , Slow 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 or 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 breakout and catch up in performance to the European index.