Key Tests of Resistance Ahead of Earnings Season

More Downside to Lead to Buying Opportunity?; Buy Ideas in Consumer Staples, EU Banks, Gold Miners

Upgrading Staples and Health Care to Overweight; Stay Defensive, Expecting Test of YTD Lows on SPX

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 bounce call from 3,800 to 3,950 is unfolding with risk of an early failure. Flat pattern wants to press lower post bounce.</li>
<li>Sell points noted at 3,950 with scope to 3,980. We are using NDX and RTY as our short vehicles.</li>
<li>DXY still needs some time to base at 103/102 but a low would fit with a risk top here.</li>
</ul>


SPX bounce call from 3,800 to 3,950 is unfolding with risk of an early failure. Flat pattern wants to press lower post bounce.
Sell points noted at 3,950 with scope to 3,980. We are using NDX and RTY as our short vehicles.
DXY still needs some time to base at 103/102 but a low would fit with a risk top here.


S&P 500 INDEX

SPX Bounce to Short