ASX Rally Stretched but Bullish on a Pullback

ASX200 Index Rebalance Preview: Three Potential Changes for Now; Could Increase to Five

Australian Banks – Profit And Dividends Surge

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

<p>ASX 200 has been a core long from late last year on the breakout above 6,200 with a tactical view to buy weakness near 6,600 support. The banking sector has been our long focus as the outperform pair during this ASX pullback. Banks are due for a stall after reaching 6,100  but the uptrend remains intact given the global yield bias for a dip and then rise to new highs.</p><p>ASX 200 RSI bear divergence is expected to fully mature by April after a fresh tactically rally attempt to mark an intermediate top at the next rising wedge upside target.</p>

ASX 200 has been a core long from late last year on the breakout above 6,200 with a tactical view to buy weakness near 6,600 support. The banking sector has been our long focus as the outperform pair during this ASX pullback. Banks are due for a stall after reaching 6,100  but the uptrend remains intact given the global yield bias for a dip and then rise to new highs.ASX 200 RSI bear divergence is expected to fully mature by April after a fresh tactically rally attempt to mark an intermediate top at the next rising wedge upside target.

ASX Bull 6,600 Buy Zone with Top of Wedge Targeted

S&P/ASX 200

ASX Bull 6,600 Buy Zone with Top of Wedge Targeted