Following yesterday's post on the SPY/SH pair here's a look at the current status of the SPY/UPRO pair. This model is also in cash for the time being and the A chart realtive price change looks different than the SPY/SH but that's because this is a convergent pair. What's interesting is the concurrence of the trades of record,....they are exactly the same using a 12 day fixed time stop..
This alignment is encouraging for the reliability of the signal as for now we're just in a wait and see model until the next signal fires. Given the current bullish environment it will likely be a short signal for SPY on SPY/SH and a short signal on UPRO on SPY/UPRO.
