XAUUSD/ES/SPX Correlation
I thought I'd check it out in a shorter time frame. Tight.
(I should mention this has developed since around 10th Feb, from the 17th onwards, very close. From 24th XAUUSD frontrunning SPX.
Theory/cause: improvement in overnight XAUUSD swap rate). Just tested. Trading SPX on the similarity of (H&S) pattern & disparity. Gold dropping, therefore SPX will.
5mins. 6.47% Result.
(I should mention this has developed since around 10th Feb, from the 17th onwards, very close. From 24th XAUUSD frontrunning SPX.
Theory/cause: improvement in overnight XAUUSD swap rate). Just tested. Trading SPX on the similarity of (H&S) pattern & disparity. Gold dropping, therefore SPX will.
5mins. 6.47% Result.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.