‘Stealth QE’ Continues At The Fed ... Probably

US Default Unlikely, but This Is Just Round1 of Prolonged Debt-Reducing Negotiations

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

USD Watch: Markets Vastly Underestimate the Impact on USD Funding from the Debt Ceiling

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>SPX has once again slipped from the 4,200 high zone. Bounce support lies at 4,120/100.</li>
<li>Our preferred sequence touted a pullback from 4,200-20 which holds 4,100 and rockets back to 4,200+ on the back of a debt deal with overshoot risk to 4,250. </li>
<li>Any new June high will be unsustainable and fall prey to macro undercurrents. USD getting a bid on yield and risk aversion.</li>
</ul>


SPX has once again slipped from the 4,200 high zone. Bounce support lies at 4,120/100.
Our preferred sequence touted a pullback from 4,200-20 which holds 4,100 and rockets back to 4,200+ on the back of a debt deal with overshoot risk to 4,250. 
Any new June high will be unsustainable and fall prey to macro undercurrents. USD getting a bid on yield and risk aversion.


S&P 500 INDEX

SPX Sequence into Early June