Still Expecting 4165-4200 on S&P 500 to Cap Upside; Buys Within Insurance and Steel/Metals

EQD | SPX Vs SX5E: Trade a Relative Value Vol Spread

Signs Point to More Downside Ahead; Breadth Deteriorating; Buys in Home Furnishings and Shippers

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 grinding range is maturing to a point of a key inflection with the upper wedge range the preferred short zone near 4,080 with risk we falter at 4,050.</li>
<li>SPX pivot support has risen to 3,975 (weak trigger) and 3,940 (bearish). Rising range is mature.</li>
<li>We like shorting WTI at pocket resistance at the underside of triangulation for a fresh strike to the downside (65 and 62 targets).</li>
</ul>


SPX grinding range is maturing to a point of a key inflection with the upper wedge range the preferred short zone near 4,080 with risk we falter at 4,050.
SPX pivot support has risen to 3,975 (weak trigger) and 3,940 (bearish). Rising range is mature.
We like shorting WTI at pocket resistance at the underside of triangulation for a fresh strike to the downside (65 and 62 targets).


S&P 500 INDEX

SPX Inflection Levels and WTI Short