SPX 4,100 Barrier - Next Draw Down Sets up a Better Trade

S&P 500 Downtrend Channel Intact & Testing Support; Buy Ideas Within Energy & Biotech

Gravity Works As WeWork Doesn't; Now Plan B

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

<ul>
<li>SPX due for a fade below the key 4,100 barrier with 3,980 and 3,910 pivot supports. We have been and are bullish near the 3,800 level.</li>
<li>NDX is the short vehicle to test 11,500 and 11,200. More bullish near 11,000 support.</li>
<li>NDX and RTY failed to see equivalent strength (U/P) and underscores odds of new lows in both indexes toward macro buy supports.</li>
</ul>


SPX due for a fade below the key 4,100 barrier with 3,980 and 3,910 pivot supports. We have been and are bullish near the 3,800 level.
NDX is the short vehicle to test 11,500 and 11,200. More bullish near 11,000 support.
NDX and RTY failed to see equivalent strength (U/P) and underscores odds of new lows in both indexes toward macro buy supports.


SPX 4,100 Resistance and 3,800 Tactical Buy Support

S&P 500 INDEX

SPX 4,100 Resistance and 3,800 Tactical Buy Support