Spread analysis – 30 September 2021

1. GROWTH VALUE SPREAD

This spread is in a potential double top pattern: level of 1,69 is a key level.

Our trading system is short on daily pattern and will give a sell signal on weekly charts below 1,5580 (last price is 1,5985).

We signal a potential divergence between spread and momentum indicator, that usually is bearish.

2. EUROSTOXX VS NASDAQ INDEX

Very similar pattern we saw on the spread Eurostoxx vs Nasdaq: potential long term double top at 0,99 with key support at 0,94 (last level marked is 0,9596 today).

In case of break of support next level is 0,81.

Trading system is short on this spread on daily chart.

Also on this chart, we note a potential divergence between indicator and spread.

DEMARK neutral on weekly chart and BEARISH on daily chart.

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Past performance is not a guide to future returns. The value of investments and any income from them is not guaranteed and may fall as well as rise and the investor may not get back the original amount invested.

Aleph Finance is a trading name of Pairstech Capital Management LLP.
Pairstech Capital Management LLP is authorized and regulated by the FCA – Financial Conduct Authority – with registration number 477155.
Pairstech Capital Management LLP is authorized as third country firm without a branch by CONSOB with registration number 54.
Registered Company number OC333807.

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Past performance is not a guide to future returns. The value of investments and any income from them is not guaranteed and may fall as well as rise and the investor may not get back the original amount invested.

Aleph Finance is a trading name of Pairstech Capital Management LLP.
Pairstech Capital Management LLP is authorized and regulated by the FCA – Financial Conduct Authority – with registration number 477155.
Pairstech Capital Management LLP is authorized as third country firm without a branch by CONSOB with registration number 54.
Registered Company number OC333807.

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