Will S&P 500 trend up without WTI?
Frankly speaking, I do not think so. On high correlation between S&P 500 and WTI crude oil price - uvm.edu/ieds/node/1120
If we combine both assets into one instrument we will see it fights the balance point - Demark monthly pivot.
There was also research done which showed that the entire forex market lags by a few seconds after stock indices. I do not even mention even American stock market.
researchgate.net/publication/334027980_Lead-lag_Relationships_in_Foreign_Exchange_Markets
If we combine both assets into one instrument we will see it fights the balance point - Demark monthly pivot.
There was also research done which showed that the entire forex market lags by a few seconds after stock indices. I do not even mention even American stock market.
researchgate.net/publication/334027980_Lead-lag_Relationships_in_Foreign_Exchange_Markets
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