Oil vs Spx
The correlation between Spx500 and oil has been going on for months.
Historically it shouldn't be this correlated. I have been watching to see any changed to this correlation, I figure it will come at a price extreme for one of the two.
Today we saw a lot of volatility which can mean a change in attitude.
I noticed in the last bit of the day and into after hours oil dropped with the inventory report but SPX hasn't followed. This could be an opportunity to short SPX as oil has been a leading indicator. Or it could be a change in outlook. I will have to wait a couple days before I say change in outlook.
Historically it shouldn't be this correlated. I have been watching to see any changed to this correlation, I figure it will come at a price extreme for one of the two.
Today we saw a lot of volatility which can mean a change in attitude.
I noticed in the last bit of the day and into after hours oil dropped with the inventory report but SPX hasn't followed. This could be an opportunity to short SPX as oil has been a leading indicator. Or it could be a change in outlook. I will have to wait a couple days before I say change in outlook.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.