Review about correlation

Correlation trading strategy idea analysis

I mentioned my vision about correlated moves two days ago. Also, yesterday I made a correlation analysis of SPY and APPL moves.

Today I am going to show you how actual support&resistance levels on both charts. The corresponding levels look so much alike.
Also, take your attention to some correlated moves with blue arrows.
You can see a strong correlation between SPY and APPL.
Especially yesterday it was one of the best situations for correlation trading: look on SPY downgrade move!

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

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.

If you like my content, you can subscribe to the news and receive my fresh ideas.

Thanks for being with me!