over thinking it man - simple answers is that they are 99% plus
correlated. But different prices. Just like UPRO and SPY are
different prices. The systems get their triggers from levels that I
set in various indicators - therefore different prices will cause
the RSI or MACD or CCI etc to be slightly different in SPY vs UPRO
vs SSO vs ES etc
I bought SPY when the
ES systems update - Trend/Pullback looking to exit today
Posted by steverobin on 27th of Dec 2021 at 02:43 pm
I bought SPY when the ES trade went long. If the ES trade works how could SPY not?
I did a quick search
Posted by Trendie on 27th of Dec 2021 at 03:09 pm
I did a quick search and found a number of articles that explain non-correlation between indexes, ETFs, and futures contracts. Here's just one. etf - Why don't SPY, SPX, and the e-mini s&p 500 track perfectly with each other? - Personal Finance & Money Stack Exchange
over thinking it man -
Posted by matt on 27th of Dec 2021 at 03:14 pm
over thinking it man - simple answers is that they are 99% plus correlated. But different prices. Just like UPRO and SPY are different prices. The systems get their triggers from levels that I set in various indicators - therefore different prices will cause the RSI or MACD or CCI etc to be slightly different in SPY vs UPRO vs SSO vs ES etc
nice going man! taking that
Posted by matt on 27th of Dec 2021 at 03:05 pm
nice going man! taking that long trade from last week
I'll let you know if it goes long, but and we might also see the SPY breakout go long a day or a few days from now
Great!
Posted by steverobin on 27th of Dec 2021 at 03:06 pm
Great!