$AAPL is good for correlation trading now
Correlation trading strategy idea analysis.
In my previous ideas, I showed my vision of correlating moves.
Apple has a very big weight in the S&P 500, so this stock is good for correlation trading.
Look on the
SPY and 
AAPL charts.
Actual corresponding support&resistance levels look so much alike.
Correlation is good enough to expect future similar moves.
Following the correlation trading strategy, it is reasonable to wait for correlated level breaking.
When SPY andAAPL simultaneously break their resistance levels, It will be possible to buy AAPL.
When SPY andAAPL 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!
In my previous ideas, I showed my vision of correlating moves.
Apple has a very big weight in the S&P 500, so this stock is good for correlation trading.
Look on the
SPY and AAPL charts.Actual corresponding support&resistance levels look so much alike.
Correlation is good enough to expect future similar moves.
Following the correlation trading strategy, it is reasonable to wait for correlated level 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!
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