Technical Analysis / Chartered Market Technician, The Markets Academy

David Coloretti, CMT

David Coloretti is a Chartered Market Technician (CMT) and a full member of the Market Technicians Association of New York. David is the Managing Director of The Markets Academy Pty Ltd (TMA), an independent research firm based in Australia.

TMA delivers a technical analysis / strategy subscription service in G10 and Asian financial markets, primarily to Asia's leading hedge funds and banks. Technical analysis of individual stocks and Cryptocurrency markets is delivered exclusively via SmartKarma. 

TMA implements 2 strategies. 1) Tactical ... Trend Sustainability Score (TSS) allows TMA to identify exhaustion / reversal points in interim trends by utilising our proprietary analysis of ST momentum indicators. 2) Medium Term ... our 3 Pillars approach to technical analysis allows TMA to determine high probability medium term outcomes in markets.

David's career spans 30+ years as a technical analyst across senior trading, sales and strategy roles. Prior to establishing TMA in 2013, David worked for BP, Credit Suisse, Citi, Barcap and RBS in Australia and Singapore.

The Markets Academy Pty Ltd is regulated by the Australian Securities and Investments Commission and holds an Australian Financial Services License (AFSL 431904).

Technical Analysis / Chartered Market Technician

The Markets Academy

TMA implements 2 strategies. 1) Tactical ... Trend Sustainability Score (TSS) allows TMA to identify exhaustion / reversal points in interim trends by utilising our proprietary analysis of ST momentum indicators. 2) Medium Term ... our 3 Pillars approach to technical analysis allows TMA to determine high probability medium term outcomes in markets.

Technical Analysis

iShares MSCI India ETF / Technical Analysis

Technical Analysis View: The June quarter end close completed a bullish LT reversal pattern confirming the likely end of the 2015/2016 correction. We anticipate an immediate return to the LT uptrend and target a 1-2 year upswing generating new LT uptrend highs beyond the 2015 high at 9119.Price Action: The LT uptrend produced major corrections of 4 quarters in duration after the highs of 2008, 2010 and 2015. The most recent 4 quarter correction, after the high of 2015, has once again preceded an  impulsive bullish quarterly reversal pattern in Q2 2016. This confirms a high probability return to the LT uptrend. Momentum: Momentum has realigned to a positive bias across ST, MT and LT time frames.Key Levels: Corrective dips in the recent months have found support around the 50 day MA. Dips must remain above the 50 day MA (currently at 8045/65) on a daily close basis to maintain the uptrend bias.

Technical Analysis View: The June quarter end close completed a bullish LT reversal pattern confirming the likely end of the 2015/2016 correction. We anticipate an immediate return to the LT uptrend and target a 1-2 year upswing generating new LT uptrend highs beyond the 2015 high at 9119.Price Action: The LT uptrend produced major corrections of 4 quarters in duration after the highs of 2008, 2010 and 2015. The most recent 4 quarter correction, after the high of 2015, has once again preceded an  impulsive bullish quarterly reversal pattern in Q2 2016. This confirms a high probability return to the LT uptrend. Momentum: Momentum has realigned to a positive bias across ST, MT and LT time frames.Key Levels: Corrective dips in the recent months have found support around the 50 day MA. Dips must remain above the 50 day MA (currently at 8045/65) on a daily close basis to maintain the uptrend bias.

NSE Nifty 50 Index: Bull Market Confirmation