EQD | SPX INDEX WEEKLY Supports After US Credit Downgrade

SPX Forming Coiled Spring Between 4200 and 4050; 10Y/2Y Treasury Spread Suggests Recession Close

US Equities and the Real Economy: Large Disconnect Vulnerable to Prolonged Hawkish Fed Policy Stance

S&P 500 Testing 4165-4200, DJIA Testing 34,280, Nasdaq Composite Testing 12,300; Stay Defensive

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>Cycle: Near term pullback a buy for a push into late June/early July (cycle has shifted right). Equities remain well supported. Increased volatility expected in July.</li>
<li>Met the SPX 4,370 buy level with firmer support at 4,350. Rally bias for a minor new high in the coming week+.</li>
<li>Measuring rally momentum for signs of a bigger stall cycle in July.</li>
</ul>


Cycle: Near term pullback a buy for a push into late June/early July (cycle has shifted right). Equities remain well supported. Increased volatility expected in July.
Met the SPX 4,370 buy level with firmer support at 4,350. Rally bias for a minor new high in the coming week+.
Measuring rally momentum for signs of a bigger stall cycle in July.


S&P 500 INDEX

Meeting SPX and NDX Buy Levels