Traders reap the value of intermarket technical/quantitative analysis in capturing junctures, where various asset classes have reached potential inflection points. Such levels can be support/resistance in terms of TA, or moves in material magnitude, such as 20% or 30% declines/gains, which trigger program driven trading. So during Thursday's market carnage (equity indices and cryptos)
, I sent the below charts (created on Thursday)
to my WhatsApp Broadcast Group
, highlighting the vital technical levels in five key markets. It's all about confluence across different asset classes. Here's how.