Dow Jones vs. SPX500 Futures Spread

We have reached an important inflection point. $DIA may start losing strength against $SPY. $STUDY

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The spread is normalized for $5 X YM - $50 * ES. Each point of YM is $5, each point of ES is $50.

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Last few sessions.

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By contrast simply buying 1 contract of NQ and shorting 1 contract of YM at the 2018 open had a top value near $20,000 per contract spread.

This is interesting considering the huge drawdown in February when the dow jones lost thousands of points. The current value of the spread (per contract) is near $15,000.

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Haven't looked at this post in awhile... kept going and going. Failed idea haha.