Applying some of the most popular indicators on the pair JPM/PRU shows an interesting pattern. While PRU
PRU
has been clearly outperforming JPM
JPM
since several weeks, a trend reversal seems to occur. JPM might catch up in the coming days and weeks. The daily and the weekly RSI (1st indicator at the top "Ultimate RSI Multi Timeframe"), the Wave Trend Oscillator (2nd one) and the ultimate MACD oscillator (3rd one from the top) reversed recently from their lower ranges. The Squeeze Momentum Indicator (at the bottom) shows a nice divergence, which is also observable on the RSI.
The price action confirmed the reversal in the last days. The setup is worth being given a shot: Short PRU, Long JPM. The strategy is market-neutral and is profitable when JPM starts to outperform PRU.
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The price action confirmed the reversal in the last days. The setup is worth being given a shot: Short PRU, Long JPM. The strategy is market-neutral and is profitable when JPM starts to outperform PRU.
Follow me to get regular pair trading ideas!
Optionsdienst: bit.ly/3Qw9jGf
Kurse zum Trading-Erfolg: bit.ly/3Ol6aYb
6 universelle Strategien: ericludwig.de/universelle-strategien/
Indikatoren über Newsletter: bit.ly/3MElRbw
Bücher: amzn.to/3VJNzJo
Kurse zum Trading-Erfolg: bit.ly/3Ol6aYb
6 universelle Strategien: ericludwig.de/universelle-strategien/
Indikatoren über Newsletter: bit.ly/3MElRbw
Bücher: amzn.to/3VJNzJo