Quantitative Researcher, MRM Research

Nico Rosti

Quantitative Researcher

MRM Research

Quantitative Research

Event-Driven

<ul>
<li>The <a href="https://www.smartkarma.com/entities/s-p-asx-200" target="_blank" data-smartkarma-citation="entities:22901:1" rel="noopener">S&amp;P/ASX 200 Index</a> has reached a specific resistance level that often precedes a short-term pullback, when this pattern is encountered.</li>
<li>The pullback may happen next week, but this week is also a potential candidate since the 2nd week up is usually pretty weak when this pattern is encountered.</li>
<li>Hold your LONG positions and cover them to hedge. Going SHORT is probably best at the end of the week, on Friday, if the week is closing up.</li>
</ul>


The S&amp;P/ASX 200 Index has reached a specific resistance level that often precedes a short-term pullback, when this pattern is encountered.
The pullback may happen next week, but this week is also a potential candidate since the 2nd week up is usually pretty weak when this pattern is encountered.
Hold your LONG positions and cover them to hedge. Going SHORT is probably best at the end of the week, on Friday, if the week is closing up.


EQD | S&P/ASX200 Pullback In Sight (This Week or the Next)

<ul>
<li>The <a href="https://www.smartkarma.com/entities/s-p-asx-200" target="_blank" data-smartkarma-citation="entities:22901:1" rel="noopener">ASX 200 INDEX</a> closed last week down, and this week is barely up, it has been flat for 3 weeks and its direction is unclear.</li>
<li>The index may be preparing for a pullback, even though our models at the moment are not flashing yet the "go SHORT" signal. Covering LONG holdings may be wise.</li>
<li>Wait for prices &gt; 7670 or the end of this week, if the index closes the week up, to increase the probability of success for a SHORT Trade.</li>
</ul>


The ASX 200 INDEX closed last week down, and this week is barely up, it has been flat for 3 weeks and its direction is unclear.
The index may be preparing for a pullback, even though our models at the moment are not flashing yet the "go SHORT" signal. Covering LONG holdings may be wise.
Wait for prices &gt; 7670 or the end of this week, if the index closes the week up, to increase the probability of success for a SHORT Trade.


EQD | S&P/ASX200 Stalled, SHORT Opportunity

<ul>
<li>The <a href="https://www.smartkarma.com/entities/s-p-asx-200" target="_blank" data-smartkarma-citation="entities:22901:1" rel="noopener">S&amp;P/ASX 200 INDEX</a> started to go up again after just 1 week down, now starting the 2nd week up, we want to evaluate how far it can go. </li>
<li>There are a number of Q2 resistance levels just above the 7600 price area for the next 2 weeks, so if the index goes up there it will be overbought.</li>
<li>This pattern is bullish, you need to wait for at least 3 or 4 weeks up in a row before going SHORT, unless you love to take risks...</li>
</ul>


The S&amp;P/ASX 200 INDEX started to go up again after just 1 week down, now starting the 2nd week up, we want to evaluate how far it can go. 
There are a number of Q2 resistance levels just above the 7600 price area for the next 2 weeks, so if the index goes up there it will be overbought.
This pattern is bullish, you need to wait for at least 3 or 4 weeks up in a row before going SHORT, unless you love to take risks...


<ul>
<li>The <a href="https://www.smartkarma.com/entities/s-p-asx-200" target="_blank" data-smartkarma-citation="entities:22901:1" rel="noopener">S&amp;P/ASX 200 INDEX</a> closed last week down at 7421.20 (CC=-1). The index was rallying in the previous weeks, but then pulled back before reaching the previous all time highs.</li>
<li>The next strong support for a LONG trade is 7288 (Q3 support), but there is a risk of a slide to lower levels, so hedge your LONG trades.</li>
<li>This looks like a temporary correction (buy-the-dip opportunity to add LONG positions, or to re-enter LONG at better prices).</li>
</ul>


The S&amp;P/ASX 200 INDEX closed last week down at 7421.20 (CC=-1). The index was rallying in the previous weeks, but then pulled back before reaching the previous all time highs.
The next strong support for a LONG trade is 7288 (Q3 support), but there is a risk of a slide to lower levels, so hedge your LONG trades.
This looks like a temporary correction (buy-the-dip opportunity to add LONG positions, or to re-enter LONG at better prices).


EQD | S&P/ASX200 WEEKLY LONG Supports Reset, Ready for Bounce?

<ul>
<li>The <a href="https://www.smartkarma.com/entities/s-p-asx-200" target="_blank" data-smartkarma-citation="entities:22901:1" rel="noopener">S&amp;P/ASX 200 INDEX</a> is oversold, currently down for 2 weeks (actually the second week down has just started), it has good chances to bounce this week.</li>
<li>The best set up would be: index closing the week down at the end of this week: GO LONG at Close (or at any high probability support level reached intra-week).</li>
<li>A reprise of the rally should last into the end of January (or longer).</li>
</ul>


The S&amp;P/ASX 200 INDEX is oversold, currently down for 2 weeks (actually the second week down has just started), it has good chances to bounce this week.
The best set up would be: index closing the week down at the end of this week: GO LONG at Close (or at any high probability support level reached intra-week).
A reprise of the rally should last into the end of January (or longer).


EQD | S&P/ASX200 Going Down... (Approaching Support to Go LONG)

Australia

The S&P/ASX 200 measures the performance of the 200 largest index-eligible stocks listed on the ASX by float-adjusted market capitalization. Representative liquid and tradable, it is widely considered Australia's preeminent benchmark index. The index is float-adjusted. The index was launched in April 2000.

S&P/ASX 200 (AS51 INDEX)

EQD | S&P/ASX200 Pullback In Sight (This Week or the Next)

The ASX 200 Index is approaching pattern-specific resistance levels, expect a short-term pullback soon. Hold LONG positions, consider hedging, and...

Nico Rosti

EQD | S&P/ASX200 Stalled, SHORT Opportunity

ASX 200 Index has been flat for 3 weeks, direction unclear. Potential pullback ahead, consider covering LONG holdings. Watch for prices > 7670 or...

Nico Rosti

EQD | ASX200 Rally: How Much Higher?

The ASX 200 INDEX is on an upward trend, but may face resistance near 7600. Waiting for 2-3 more weeks before going SHORT is probably a good idea...

Nico Rosti

EQD | S&P/ASX200 WEEKLY LONG Supports Reset, Ready for Bounce?

The ASX 200 INDEX closed down last week, but this temporary correction may be a buy-the-dip opportunity. We favor the sub-7300 area, if reached,...

Nico Rosti

EQD | S&P/ASX200 Going Down... (Approaching Support to Go LONG)

The SP/ASX 200 INDEX is pulling back but it is already OVERSOLD, it could bounce back after this week and the rally could continue into the end of...

Nico Rosti

EQD | S&P/ASX200 Pullback In Sight (This Week or the Next)

​The ASX 200 Index is approaching pattern-specific resistance levels, expect a short-term pullback soon. Hold LONG positions, consider hedging, and...

Nico Rosti

EQD | S&P/ASX200 Stalled, SHORT Opportunity

​ASX 200 Index has been flat for 3 weeks, direction unclear. Potential pullback ahead, consider covering LONG holdings. Watch for prices > 7670 or...

Nico Rosti

EQD | ASX200 Rally: How Much Higher?

​The ASX 200 INDEX is on an upward trend, but may face resistance near 7600. Waiting for 2-3 more weeks before going SHORT is probably a good idea...

Nico Rosti

EQD | S&P/ASX200 WEEKLY LONG Supports Reset, Ready for Bounce?

​The ASX 200 INDEX closed down last week, but this temporary correction may be a buy-the-dip opportunity. We favor the sub-7300 area, if reached,...

Nico Rosti

EQD | S&P/ASX200 Going Down... (Approaching Support to Go LONG)

​The SP/ASX 200 INDEX is pulling back but it is already OVERSOLD, it could bounce back after this week and the rally could continue into the end of...

Nico Rosti

The ASX 200 Index is approaching pattern-specific resistance levels, expect a short-term pullback soon. Hold LONG positions, consider hedging, and...

ASX 200 Index has been flat for 3 weeks, direction unclear. Potential pullback ahead, consider covering LONG holdings. Watch for prices > 7670 or...

The ASX 200 INDEX is on an upward trend, but may face resistance near 7600. Waiting for 2-3 more weeks before going SHORT is probably a good idea...

The ASX 200 INDEX closed down last week, but this temporary correction may be a buy-the-dip opportunity. We favor the sub-7300 area, if reached,...

The SP/ASX 200 INDEX is pulling back but it is already OVERSOLD, it could bounce back after this week and the rally could continue into the end of...