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Gold’s correlation factor, according to ThinkOrSwim, with the index markets isn’t necessarily strong. It generally fluctuates around the 0 – (-0.5) level, implying an overall negative correlation.
That’s to say, most of the time (0.5 = 50%), we see that when Gold goes up, the index markets go down.
In this video, we take a look at what happens when the correlation factor is above a +0.5. That’s to say, a normally inversely correlated pair is suddenly correlated in the positive direction. That’s unusual. That’s a clue, and that’s a pattern we’ll discuss.
More trade opportunities in Nasdaq set up even after the market approached the close, for trading today.
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Using Golds Correlation Factor to Trade Nasdaq Chop
How to install:
– Download, extract and run .exe file,
(If your antivirus blocking file, pause it or disable it for some time.)
– Choose destination folder
How to Use:
Open destination folder and locate file notes.txt, open it and read step by step.
Don’t forget to read instructions after installation.
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