Downgrading Materials; SPX, NDX, Russell 2000 Testing Downtrend Channel Support; Biotech Buys

Three Catalysts That Could Spark A "Rip Your Face Off" Rally

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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>Russell and NDX are knocking on resistance levels that have capped previous rally attempts as we enter the early August cycle timeline.</li>
<li>Tech rally reacting to backward earnings. E's will buckle into a recession. The July risk on rally cycle is closing.</li>
<li>NDX 13k and RTY 1,930 are key inflection levels that will drive the global risk cycle ahead of a more turbulent late August to October period.</li>
</ul>


Russell and NDX are knocking on resistance levels that have capped previous rally attempts as we enter the early August cycle timeline.
Tech rally reacting to backward earnings. E's will buckle into a recession. The July risk on rally cycle is closing.
NDX 13k and RTY 1,930 are key inflection levels that will drive the global risk cycle ahead of a more turbulent late August to October period.


Russell 2000 Index

Defining US Risk Inflection