S&P 500 Technical Appraisal and Support Levels

US Market Improvements as SPX Bull Wedge Gears Up for a Rally

SPX Digging for New Lows - Low Early This Week, Bounce and Then Lower Again

SPX Bounce into Next Week and Fresh Sell Levels

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

<a href="https://www.smartkarma.com/entities/s-p-500" target="_blank" rel="noopener" data-smartkarma-citation="entities:22886:1">S&amp;P 500 (SPX INDEX)</a> has pierced macro trendline support at 2,520 with increasing pressure to break this pivotal level that would usher in a deeper bear cycle.We made a bear/short call at SPX 3,880 on the back of bear divergence and exhaustive upside price action that warned of an intermediate top. The break below SPX 3,150 (secondary bear trigger) was viewed as a more bearish signal to test long term trendline support at 2,520. We were selling Asia in January and US equity in February.AUD/JPY also warned of a risk event that was outlined in January 2020.Numerous MACD bear triangle patterns in Asia warn of downside risk into late March and then the summer after a slated tactical low due in late March/early April. MACD triangle pattern are THE most powerful technical set ups and when accompanied by bear divergence warn of a multi month if not multi quarter bear cycles.We expect Asia to bottom ahead of the US cycle. USD strength also expected to terminate by early April.We outline tactical low targets, rally resistance levels for April/May (short squeeze rise) and secondary support zone to be test into the summer.

S&amp;P 500 (SPX INDEX) has pierced macro trendline support at 2,520 with increasing pressure to break this pivotal level that would usher in a deeper bear cycle.We made a bear/short call at SPX 3,880 on the back of bear divergence and exhaustive upside price action that warned of an intermediate top. The break below SPX 3,150 (secondary bear trigger) was viewed as a more bearish signal to test long term trendline support at 2,520. We were selling Asia in January and US equity in February.AUD/JPY also warned of a risk event that was outlined in January 2020.Numerous MACD bear triangle patterns in Asia warn of downside risk into late March and then the summer after a slated tactical low due in late March/early April. MACD triangle pattern are THE most powerful technical set ups and when accompanied by bear divergence warn of a multi month if not multi quarter bear cycles.We expect Asia to bottom ahead of the US cycle. USD strength also expected to terminate by early April.We outline tactical low targets, rally resistance levels for April/May (short squeeze rise) and secondary support zone to be test into the summer.

Hang Seng China Enterprises Index (HSCEI INDEX)

Korea Stock Exchange KOSPI 200 (KOSPI2 INDEX EQUITY)

3月下旬の安値、ショートスクイーズ、ベーシングサイクルにおける世界株式のサポートレベル

S&P 500 INDEX

3月下旬の安値、ショートスクイーズ、ベーシングサイクルにおける世界株式のサポートレベル