Trading Plan: Intermarket Analysis

after 9.30 am there I look at at the 4 main stock market indicies

• dow
• nasdaq
• s&p 500
• fdax
  

usually I go long on the instruments thats clearly above the 50% line (see screenshot with nasdaq and dow)

but if the fdax is overbought (above camarilla H4)
it can be more profitable to short the FDAX as you can see on following screenshot where
the FDAX trade gave you 100 points with 4 points risk instead of the the S&P trade with just 10 points profit and 1,5 points risk






Looking at 4 different stock market indicies sometimes
there is a countertrend / exit signal (break below red or above green) although all other indicies
continue their long or short trend.

Nevertheless a counter trend signal on one market signals weakness, so maybe its time to exit the other markets at double tops or bottoms