A Bottom Has Been Established; Possible Retest?

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

<a href="https://www.smartkarma.com/entities/nasdaq-100-stock-index" target="_blank" rel="noopener" data-smartkarma-citation="entities:26197:1">Nasdaq-100 Stock Index (NDX INDEX)</a> showed some clear fade signals last Thursday stemming from the SOX reversal near key resistance that is a warning signal much like the telegraphed lead roll over set up outlined in January 2020.The relative chart of the SOX ETF (SMH) was spotted in January as a big negative for the NDX and low seeing turn at resistance that sets the tone for a fresh underperform cycle vs NDX. A clear domino sequence is frequent in the SOX - NDX - SPX.SPX fresh short resistance met at 2,800 with a bigger level near 2,850 to induce a fresh down cycle into late April. We have a cycle timeline calling for a topping process near or around April 14/15.A fresh cycle peak align with numerous resistance points being met in Europe and Asia.

Nasdaq-100 Stock Index (NDX INDEX) showed some clear fade signals last Thursday stemming from the SOX reversal near key resistance that is a warning signal much like the telegraphed lead roll over set up outlined in January 2020.The relative chart of the SOX ETF (SMH) was spotted in January as a big negative for the NDX and low seeing turn at resistance that sets the tone for a fresh underperform cycle vs NDX. A clear domino sequence is frequent in the SOX - NDX - SPX.SPX fresh short resistance met at 2,800 with a bigger level near 2,850 to induce a fresh down cycle into late April. We have a cycle timeline calling for a topping process near or around April 14/15.A fresh cycle peak align with numerous resistance points being met in Europe and Asia.

SOX Warning Signals to Lead SPX Bear Press