NDX Trendline Is the Risk Inflection that Would Change Course

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

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

Nasdaq-100 Stock Index / Technical Analysis

<ul>
<li>NDX break below trendline and price support at 15,300 did open Pandora's box and was touted as a key risk driver for a global sell off into late January.</li>
<li>NDX 14,300/100 low zone to kick off a recovery rise in February. We prefer the DJI near 34k and SPX near 4,350. Late January cycle low timeline in focus.</li>
<li>NDX underside of broken trendline at 15,500 is the level to re take to mend the technical damage - a tall order at this stage.</li>
</ul>


NDX break below trendline and price support at 15,300 did open Pandora's box and was touted as a key risk driver for a global sell off into late January.
NDX 14,300/100 low zone to kick off a recovery rise in February. We prefer the DJI near 34k and SPX near 4,350. Late January cycle low timeline in focus.
NDX underside of broken trendline at 15,500 is the level to re take to mend the technical damage - a tall order at this stage.


NDX Low Due This Week - 15,500 the Level to Mend the Damage