Many online brokers are cutting their trading commissions to zero. There are ways to benefit from this beyond just zero commissions. It is now better than ever to buy individual stocks as opposed to ETF’s when investing in a sector. I talk about this topic and then interview Chris Vermeulen who runs thetechnicaltraders.com to get his take on the current trends of the markets.
Posts
The recent rotation in the US stock market and US major indexes have set up a very interesting pattern in the Metals and VIX charts. Our researchers believe precious metals, Gold and Silver, are setting up a new momentum base/bottom and are beginning an early stage bullish price rally that may surprise many traders. If you have not been following our research, please take a minute to read these past research posts :
September 24, 2019: IS SILVER ABOUT TO BECOME THE SUPER-HERO OF PRECIOUS METALS?
September 19, 2019: PRECIOUS METALS SETTING UP ANOTHER MOMENTUM BASE/BOTTOM
Our researchers believe the bottom in Metals has already set up on October 1, 2019. This setup aligns with our earlier analysis that a new bullish price leg is setting up that will propel Gold to levels above $1600 before the end of November – possibly resulting in a rally that attempts to breach the $1700 price level.
DAILY GOLD CHART
Of course, for Gold to rally in this manner, some type of extended fear must enter the global markets. We believe this fear could become known to traders within 3 to 10+ days based on our understanding of the schedules and calendars available within the news cycle. The US/China trade talks appear to be breaking down again. News that one of India’s largest banks is in the process of collapsing hit last weekend. And news that the US political parties are about to ramp up nearly all levels of activity ahead of the 2020 US Presidential election cycle is sure to throw the markets a few curve-balls.
As skilled technical traders, there are times when we must understand how the news cycles and external events can have dramatic impact on prices and trends in the financial markets. These are times when we must protect our assets by deploying very skilled trades, proper position sizing and become even more skilled at understanding the global stock market dynamics.
DAILY SILVER CHART
Silver, or as we have termed it “The Super-HERO of Metals”, will likely move much higher, even faster than Gold. If our research is correct, the next upside price leg in Metals will see Silver rally to levels well above $20, then stall briefly, then begin a move to levels above $26 (or higher). The Gold to Silver ratio will likely fall to levels near 65 throughout this move. That would mean that Silver would appreciate about 11% to 15% faster than Gold will appreciate over the next 60 to 90+ days.
VIX – DAILY VOLATILITY INDEX CHART
And finally, the VIX. At this point, our research team believes a broader downside price rotation has already begun to set up in the US stock market (with Technology and “unicorn” sectors at severe risk) which may prompt a move in prices to retest the December 2018 lows. This is why we believe the VIX is very likely to begin an upside price move over the next 30 to 60+ days and attempt to break above the 26 to 27 level as the US stock market reacts to increased fear and uncertainty. This is, obviously, also why we believe Gold and Silver will begin to move dramatically higher very quickly.
September 17, 2019: VIX TO BEGIN A NEW UPTREND AND WHAT IT MEANS
CONCLUDING THOUGHTS:
Our researchers are attempting to follow all the news and price activity we can handle over the past 4+ weeks or longer. At this point, it seems all the global markets are unstable in terms of price trends, extended volatility, and uncertainty. We believe our expectations within the metals markets, us stock market and the VIX predictions are relatively saved expectations given the research we’ve completed.
It would be wise for skilled traders to prepare for a moderate to deep price correction at this point. Price has failed to move higher above historic all-time high price levels and has begun to move lower. Unless some extremely positive news, event or outcome is reached within the next 90+ days, it is very likely that price will continue to rotate within established ranges attempting to identify true support levels. This ride could become very volatile – very quickly.
As a technical analysis and trader since 1997, I have been through a few bull/bear market cycles. I believe I have a good pulse on the market and timing key turning points for both short-term swing trading and long-term investment capital. The opportunities are massive/life-changing if handled properly.
Be sure to ride my coattails as I navigate these financial markets and build wealth while others lose nearly everything they own during the next financial crisis.
I can tell you that huge moves are about to start unfolding not only in metals, or stocks but globally and some of these supercycles are going to last years. My simple technical trading strategy using ETFs will allow you to follow the markets closely and trade with it so you never get caught on the wrong side of the market with big losses.
Chris Vermeulen
www.TheTechnicalTraders.com
NOTICE: Our free research does not constitute a trade recommendation or solicitation for our readers to take any action regarding this research. It is provided for educational purposes only. Our research team produces these research articles to share information with our followers/readers in an effort to try to keep you well informed. Visit our web site to learn how to take advantage of our members-only research and trading signals.
Our researchers believe the global concerns centered around Banking and Debt within the Emerging Markets and Asia/Europe are very likely to become major issues over the next 3+ months. These potentially dangerous issues could have far-reaching pricing ramifications for almost all of the world’s financial markets. This weekend, we received first-hand information from an associate in Hong Kong about banks limiting ATM withdrawals and very limited transportation services. Our source stated the biggest issue was the lack of transportation right now.
We also followed the news of the Bank collapse in India this weekend and the aftermath for Indian banking customers – PMC Bank
Many of you remember how the US credit crisis event started in a similar manner. First, it is news of a few select financial institutions or lenders that are in trouble. This sends a shock-wave throughout the populous – they react by becoming more “protectionist” in their actions. Sometimes, small bank runs can happen as consumers want to have more cash on hand instead of “in the bank”. Next, the local economic metrics start to fall – almost like a self-fulfilling nightmare, the consumers, acting to protect their interests and assets, are now pushing the local economy over the edge and the banks, possibly, over the breaking point in terms of Non-Performing Loans.
This time, as we have detailed in our previous research posts, we believe the crux of the credit problems is related to how emerging markets and foreign markets took advantage of the cheap US dollar between 2011 and 2015. At that time, it was cheaper for banks to borrow the US Dollar than it was for them to borrow money from their own local central banks. Thus, many went out seeking to borrow as much US Dollar as they could because it provided an opportunity to save on interest fees. Now, as the global economy continues to contract in a “stagflation” type of manner, it becomes even harder for many of these firms, banks, and individuals to service their debt.
We believe the global markets and the US stock market are waiting for news before initiating any new price trends. We believe the recent US manufacturing number is indicative of the type of economic output values we can expect over the next 30+ days. Unless the US Christmas season starts off with a big spending spree or the US/China trade issue is resolved and settled within 30+ days, we believe the markets will continue to search for and identify “true price value” by seeking out true support before attempting to move higher again.
Our morning coffee video analysis recap is the one thing… that single investment that’s going to turn into the greatest thing you’ve ever made for your trading and investment accounts.
S&P 500 DAILY CHART
This ES Daily chart highlights the recent resistance, triple-top formation, near 3025. It is clearly obvious that this 3025 level is a very strong price resistance level. Below this ceiling, we have multiple support levels to watch. 2875 is highlighted in MAGENTA and is one that we believe is the most critical right now. Below that, the Moving Average level, currently at 2845, could also provide some support. Below these two, we suspect the 2700 level is the only level of support left before we could experience a much bigger price breakdown.
DOW JONES DAILY CHART
This YM Daily chart sets up a similar type of price pattern. In fact, they are almost identical. Again, the current downside price rotation has already established new recent price lows. The RED resistance channel we drew across the tops should provide some real level of a price ceiling within this trend. Our concern is that price will attempt a further breakdown without any positive news to extend a positive perspective for the US markets future. There is just too much uncertainty in the world for investors to have the confidence to push prices higher. The most logical transition would be for price to “reset” by rotating lower, finding true price value levels and establishing a new price bottom to begin a new rally from.
DOW JONES 2-WEEK CHART
This 2-Weekly YM Chart highlights exactly why we believe skilled technical traders need to be cautious right now and why having a very skilled team of researchers is important. This is not the time to go ALL-IN on any trades. This is not the time to roll your retirement account into HIGH-RISK funds. We suggest being very cautious at the moment and to prepare for any downside rotation by scaling back your trading account to 70 to 80% CASH. Deploying only about 20 to 25% into the markets right now.
CONCLUDING THOUGHTS:
It is funny how real traders understand the value of having a skilled team of dedicated technical and fundamental researchers assisting them at times like this. While other people freak out and turn into “super protectionist traders”. The reality of these types of markets is that they are the best markets for traders. Price swings are larger, opportunities are setting up nearly everywhere and skilled traders can attempt to make 45%, 65%, 85% or more within a very short time-frame. Not like the regular market moves of 3~5% annually in the SPY. This is the time when you want to become more attentive and active in the markets – with the right team.
Opportunities are setting up EVERYWHERE and will continue to present very clear trade setups over the next 16+ months.
As a technical analysis and trader since 1997, I have been through a few bull/bear market cycles. I believe I have a good pulse on the market and timing key turning points for both short-term swing trading and long-term investment capital. The opportunities are massive/life-changing if handled properly.
Be sure to ride my coattails as I navigate these financial markets and build wealth while others lose nearly everything they own during the next financial crisis.
I can tell you that huge moves are about to start unfolding not only in metals, or stocks but globally and some of these supercycles are going to last years. My simple technical trading strategy using ETFs will allow you to follow the markets closely and trade with it so you never get caught on the wrong side of the market with big losses.
Chris Vermeulen
www.TheTechnicalTraders.com
NOTICE: Our free research does not constitute a trade recommendation or solicitation for our readers to take any action regarding this research. It is provided for educational purposes only. Our research team produces these research articles to share information with our followers/readers in an effort to try to keep you well informed. Visit our web site to learn how to take advantage of our members-only research and trading signals.
Sometimes, it pays to be lucky and skilled when deploying technical analysis and price theory. We caught an early move in ERY back in June 2019 for a nice profit. Then watched as price fell back towards the $44 price level – expecting another base/bottom setup to form. On September 12, 2019, we issued a research post suggesting to our followers that ERY is reaching a key low point and that traders should start looking for the next move (see below) but before you continue, be sure to opt-in to our free market trend signals newsletter.
We had no idea that Yemen would launch a drone attack on Saudi Arabia crippling their oil production capacity within 5 days of that research post. All we knew was that ERY was moving back towards a historical low price level that would present another opportunity for skilled traders – an opportunity for profits.
At that time, we believed any price level near of below $45 would qualify as a solid entry point and warned our followers to “watch for any deeper price moves below $45” for key entry levels. 5 days later, a very deep price level printed (near $40) after the attack on the Saudi oil plant. What happened next?
September 12, 2019: ENERGY SECTOR REACHES KEY LOW POINT – START LOOKING FOR THE NEXT MOVE
DAILY ERY – ENERGY SECTOR ETF CHART
The first real opportunity for a deeper price move below $45 happened on the following Monday after the attack near $40. This constituted a very deep price decline and provided multiple days of opportunity for entry below $44.
Nearly 3 weeks later, the ERY price rallied to levels above $56 reaching a solid +35% gain. As we stated, sometimes it pays to be lucky and skilled when trading. We hope some of you were able to follow our research and catch a part of this move?
CONCLUDING THOUGHTS:
Get ready for the next big move in ERY, folks. If our research is correct, another setup will happen before the end of October with another basing level below $45 and another attempt at a rally in ERY with upside targets settling near $55 or higher. It’s just a matter of time before this new basing/bottom setup takes place. We’ll keep you informed when we believe the timing is right to look for new entry points.
As a technical analysis and trader since 1997, I have been through a few bull/bear market cycles. I believe I have a good pulse on the market and timing key turning points for both short-term swing trading and long-term investment capital. The opportunities are massive/life-changing if handled properly.
Be sure to ride my coattails as I navigate these financial markets and build wealth while others lose nearly everything they own during the next financial crisis. Join Now and Get a Free 1oz Silver Round or Gold Bar and SPECIAL LIMITED TIME OFFER – CLICK HERE
I can tell you that huge moves are about to start unfolding not only in metals, or stocks but globally and some of these supercycles are going to last years. This quick and simple to understand guide on trading with technical analysis will allow you to follow the markets closely and trade with it. Never be caught on the wrong side of the market again and suffer big losses. PDF guide: Technical Trading Mastery
Chris Vermeulen
www.TheTechnicalTraders.com
As a technical trader, one has to really learn to appreciate when a trade “reloads” for another move higher. Much like the Gold base/bottom in April 2019 below $1300 that we called back in October 2018. When a trend confirms and we can see the potential for upside profits, but price performs a “deep pullback” withing that initial trend setup – it is almost like we’re dreaming.
After the downside rotation in Gold setup in April 2019, the next move higher pushed Gold prices up to $1550 from levels near $1275 – what a great move that was. Now, imagine Natural Gas may give us another chance to get long below $2.30 with an upside target near $3.00 before mid-November? Incredible – right?
Read our original research post here : https://www.thetechnicaltraders.com/has-the-basing-setup-in-natural-gas-completed/
Here it is, folks. After setting up a very deep price base in August 2019, Natural Gas has, again, moved back into the basing zone and our historical price research still suggests October and November will be strongly positive for Natural Gas. We believe the upside potential in Natural Gas could target $3.00 fairly quickly – possibly before mid-November 2019.
THIS DATA IS QUOTED FROM OUR ORIGINAL RESEARCH POST…
“Our research tools suggest that September has a 65% probability of rallying more than 6x the historical range. This would suggest a rally potential of more than $2 exists in September for Natural Gas. Our tools also suggest that October has a 75% probability of rallying more than 3.2x the historical range. This would suggest a potential rally of more than $1.20 in October. “
DAILY NATURAL GAS CHART
WEEKLY NATURAL GAS CHART
Before you continue, be sure to opt-in to our free market trend signals newsletter.
This Weekly Natural Gas chart highlights the “bump” in price that happened in September and how price has fallen back into the basing zone. It is almost as if the market forgot what Natural Gas should be doing, historically, at this time of the year. Well, who cares. If the markets are going to give us another chance at a +30% price rally – we’re not going to miss the opportunity to buy within the basing zone.
Our opinion is that any opportunity to buy below $2.40 is an adequate entry level. Ideally, try to wait for levels below $2.30 if possible. This new basing zone pricing may not last very long, so try to take advantage of lower prices when possible. Ideally, the upside potential for this move should be fairly easy to target given the historical price patterns that consistently drive Natural Gas higher in October and November.
CONCLUDING THOUGHTS:
As skilled traders, we have to learn to take advantage of when the markets provide us with these extreme opportunities and setups. We believe any upside move above $2.75 to $2.80 would be a suitable outcome for this extended basing pattern. Gutsy traders could attempt to hold for levels above $3.00 – but we’re not confident that extreme price level will be reached quickly.
One thing most traders don’t understand is that the extreme winter weather that just hit the US and Canada last week could be a fairly strong indicator of early demand for heating oil, natural gas and other consumer energy products as an early winter may be setting up. Either way, we believe this setup is a gift for skilled technical traders – don’t miss out.
As a technical analysis and trader since 1997, I have been through a few bull/bear market cycles. I believe I have a good pulse on the market and timing key turning points for both short-term swing trading and long-term investment capital. The opportunities are massive/life-changing if handled properly.
Be sure to ride my coattails as I navigate these financial markets and build wealth while others lose nearly everything they own during the next financial crisis. Join Now and Get a Free 1oz Silver Round or Gold Bar and SPECIAL OFFER – CLICK HERE
I can tell you that huge moves are about to start unfolding not only in metals, or stocks but globally and some of these supercycles are going to last years. This quick and simple to understand guide on trading with technical analysis will allow you to follow the markets closely and trade with it. Never be caught on the wrong side of the market again and suffer big losses. PDF guide: Technical Trading Mastery
Chris Vermeulen
www.TheTechnicalTraders.com
We’ve been writing about the broader US stock market for many months – highlighting the Pennant/Flag formations that have continued to set up since early 2018. Sometimes, the keys to really understanding what is transpiring behind the scenes in the US markets is to pay attention to various market segments and to consider applying some “outside the box” thinking. Before you continue, be sure to opt-in to our free market trend signals newsletter.
Our research team would like to fall back into price analysis using the Russell 2000 and the Transportation Index as “additional measures” that mirror the US major stock market in terms of price, volatility and future price targets. The interesting facet of this type of analysis is that we can study any symbols we want and apply the different techniques, patterns and insight we learn to the total scope of the broader US stock market. Thus, we can attempt to identify how and when certain price actions may become more intense or volatile while comparing how our predictive modeling systems and other tools share unique outcomes.
The Russell 2000 and the Transportation Index should be on every skilled traders radar – along with the three major US stock market symbols (ES: S&P500, YM: Dow Jones, and NQ: NASDAQ).
Additionally, all traders should follow the US Dollar, Gold, Silver, Oil, VIX and a handful of other key market sectors. The old saying is “it is not a stock market – it is a market of stocks” is very true.
After the two day selloff, many traders still have questions about what lies ahead for the US markets. We’re reading some reports of a “collapse taking place in the US stock market” and others, like our research team, believe this move in the markets is related more closely to a “move away from risk and a capital shift into safety”. So which is it? A collapse in the making or a sideways shift of capital into various safe-havens? Let’s look at the charts.
WEEKLY RUSSELL 2000 (IWM) CHART
This Weekly Russell 2000 (IWM) chart highlights the rotation that has been in place throughout much of 2019. The MAGENTA support level near 144.25 has proven to be intermediate support through multiple downside price cycles. Ultimate Support resides at 125.00. The current downside price move is still above the intermediate support level, although that could be breached over the next few trading days if price weakness resumes. Therefore, until the 144.25 level is breached, we would presume that price may attempt to find support or form an intermediate basing pattern near recent lows. Our ADL predictive modeling system suggests the YM (Dow Jones) may have already bottomed. Thus, any continued weakness in the US stock market may result in a “wash-out” price low point near Ultimate Support.
TRANSPORTATION AVERAGE (IYT) WEEKLY CHART
This Transportation Average (IYT) Weekly chart shares a similar price setup as the Russell chart. Again, we can see the recent downturn in price has only really moved back towards intermediate support near 174.25 and has yet to really attempt to breach into “new low price” territory. Because of this, we can assume the downside moves in the ES, NQ, and YM which did result in “new low” price formations can’t be completely confirmed until the IWM and IYT also break into “new low” price formations. Ultimately, the MAGENTA support levels are key to understanding if this is a “collapse” or a “shift in capital” as we suggest.
CUSTOM WEEKLY MARKET VOLATILITY INDEX
One of our favorite tools for understanding market price volatility and potential is our Custom Volatility Index. This Weekly Custom Volatility Index chart highlights the current downside price rotation in historically rational terms. Much like the two charts above, this chart shows the current price levels are still well above the previous two base/bottoming price levels – thus, we have little confirmation of a breakdown or collapse in prices (yet). If the price of our Custom Volatility Index were to move lower and close below 8.00 on an END OF WEEK basis, then we would see a new “closing price” low that would immediately send up warning flags of a possible price collapse in the US stock markets.
Ultimately, without this type of price move happening, we are well within the standard deviation ranges of normal price rotation and strongly believe this rotation to be a shift in capital away from risk and towards value, safety, and Blue Chips. Think of it like this, traders and investors are shifting their investments away from what has been “high flying” and moving their capital into more traditional blue chip/dividend-paying assets.
CONCLUDING THOUGHTS:
Of course, time will tell if our analysis and predictions are correct or not. We urge you to also read our recent ADL predictions research post suggesting the ES and NQ will see broader price rotation and volatility than the YM in this recent post here.
As a technical analysis and trader since 1997, I have been through a few bull/bear market cycles. I believe I have a good pulse on the market and timing key turning points for both short-term swing trading and long-term investment capital. The opportunities are massive/life-changing if handled properly.
Be sure to ride my coattails as I navigate these financial markets and build wealth while others lose nearly everything they own during the next financial crisis. Join Now and Get a Free 1oz Silver Round or Gold Bar and SPECIAL OFFER – CLICK HERE
I can tell you that huge moves are about to start unfolding not only in metals, or stocks but globally and some of these supercycles are going to last years. This quick and simple to understand guide on trading with technical analysis will allow you to follow the markets closely and trade with it. Never be caught on the wrong side of the market again and suffer big losses. PDF guide: Technical Trading Mastery
Chris Vermeulen
www.TheTechnicalTraders.com
There are times when our research team interprets our advanced predictive modeling systems so well that we call a move in the markets 3 to 10+ months in advance of the move actually happening. It has happened for our team of research so often lately that we are somewhat used to the accolades we receive from our followers and members. Our October 2018 Gold price predictions are still playing out accurately and continue to amaze people – even though we made these predictions over 12 months ago.
Today, we wanted to highlight our Adaptive Dynamic Learning (ADL) predictive modeling systems expectations for Crude Oil, but before we get into the details be sure to opt-in to our free market trend signals newsletter. The research post we made on July 10, 2019 (see below). At that time, we warned that Crude Oil was about to head much lower and that our ADL modeling system was suggesting that Oil prices would rotate between $47 and $64 before breaking much lower in November 2019. Ultimately, Oil prices will fall below $40 ppb following our timeline and could begin a broader downside move before the end of October 2019. Read our full prediction/research report from the link below.
SOURCE: July 10, 2019: PREDICTIVE MODELING SUGGEST OIL HEADED MUCH LOWER
We believe the support level near $50.50 will act as a temporary support level over the next 3 to 10+ days before a moderate price breakdown below this level begins. Our expectations for November 2019 are that oil prices may fall to levels below $45 ppb on a deeper downward price move, yet will recover to levels near $47 near December 2019/January 2020.
We do believe the ultimate target for Crude Oil prices are to levels below $40 ppb and that price may attempt to make a move towards these level as early as January 2020. Our ADL predictive modeling system has shown us the path for oil prices and, so far, the real price has mirrored this expectation almost perfectly – even the high price in September aligned with our expected high price near $60.
Weakness should dominate in late October and early November – carrying all the way through most of November. Pay attention to the ADL chart above and our July 10th predictions. Oil will target levels below $40 by late December 2019 or early January 2020.
All it is going to take is for this $50.50 support level to be tested and breached for the next price move to begin. Be prepared for the volatility that may hit oil prices near this critical support level and be prepared for the next move to levels near $44~47.
As a technical analysis and trader since 1997, I have been through a few bull/bear market cycles. I believe I have a good pulse on the market and timing key turning points for both short-term swing trading and long-term investment capital. The opportunities are massive/life-changing if handled properly.
Be sure to ride my coattails as I navigate these financial markets and build wealth while others lose nearly everything they own during the next financial crisis. Join Now and Get a Free 1oz Silver Round or Gold Bar and SPECIAL OFFER – CLICK HERE
I can tell you that huge moves are about to start unfolding not only in metals, or stocks but globally and some of these supercycles are going to last years. This quick and simple to understand guide on trading with technical analysis will allow you to follow the markets closely and trade with it. Never be caught on the wrong side of the market again and suffer big losses. PDF guide: Technical Trading Mastery
Chris Vermeulen
www.TheTechnicalTraders.com
Have you been following our research? Were you prepared for this move like we were? Did you profit from this incredibly quick and volatile downside price move in the US markets? What is it going to do to the foreign markets and what next?
Our team of researchers has been all over this setup many months before it happened. In fact, we issued a research article on September 30 suggesting our predictive modeling system was warning of a big price rotation in the NQ and ES. On September 21, we authored another research article suggesting a “massive price reversion may be days or weeks away”. On September 7th, we authored yet another article suggesting “US STOCK MARKET HASN’T CLEARED THE STORM YET”
In case you missed our research, read and follow our work below. While others may have completely missed this week’s breakdown move, we called it more than 30+ days ago and provided very clear and concise information for all of our followers to know what was about to breakdown in the markets. Our morning coffee video analysis recap is the one thing… that single investment that’s going to turn into the greatest investment you’ve every made for your trading and investments.
If you find that you get analysis paralysis from reading too many articles from various news and trading sites feel free to do your self a favor just skip reading 5- 10 articles a day and being confused about what to do next get our Daily 8 Minute Technical Analysis of all the major markets and commodities. Forget the news and follow the markets with our proven technical analysis methods.
September 30, 2019: PREDICTIVE MODELING SUGGESTS BROAD MARKET ROTATION IN THE NQ & ES.
September 25, 2019: DEMOCRATS LAUNCH FORMAL IMPEACHMENT – WHAT SHOULD TRADERS EXPECT?
September 24, 2019: IS SILVER ABOUT TO BECOME THE SUPER-HERO OF PRECIOUS METALS?
September 23, 2019: IS THE TECHNOLOGY SECTOR ABOUT TO BREAK LOWER?
September 21, 2019: MASSIVE PRICE REVERSION MAY BE DAYS OR WEEKS AWAY
September 17, 2019: VIX TO BEGIN A NEW UPTREND AND WHAT IT MEANS
September 7, 2019: US STOCK MARKET HASN’T CLEARED THE STORM YET
August 30, 2019: TRANSPORTATION INDEX POINTS TO STOCK MARKETS WEAKNESS
August 13, 2019: GLOBAL CENTRAL BANKS MOVE TO KEEP THE PARTY ROLLING – PART III
DOW JONES DAILY PRICE CHART
Now for the really good stuff, the YM may have already reached its lowest point and may begin to form a bottom near the 26000 levels. This is the predicted downside price target level from our ADL predictive modeling system and it only took two big down-days to reach this level. We really need to pay attention to how the markets react at this point and the YM will be key to understanding if the rest of the ADL predictions about the ES and NQ are likely to play out as we suggested.
DAILY SP500 INDEX
This ES chart highlights the downside price move to the 2880 level, our projected price target, and initial support level. At this point, the ES has fallen, just like the YM, to levels that may prompt some price support. We do believe the ES will fall further, possibly targeting the 2800 price level, before finding any real support.
Read the research articles listed in today’s research post. We’ve been well ahead of this move the entire time and we called this move perfectly using our predictive modeling systems, Fibonacci price modeling systems, and other tools. Our researchers have the ability to see into the future sometimes without predictive modeling tools.
In fact, we already have an idea of what will happen over the next 3 to 5+ years, but the price is our ultimate tool of choice. We allow price to dictate what it wants to do, then use our predictive modeling tools to align price movement with our technical and predictive analysis – that is our secret, and you can’t get it anywhere else on the planet.
As a technical analysis and trader since 1997, I have been through a few bull/bear market cycles. I believe I have a good pulse on the market and timing key turning points for both short-term swing trading and long-term investment capital. The opportunities are massive/life-changing if handled properly.
Be sure to ride my coattails as I navigate these financial markets and build wealth while others lose nearly everything they own during the next financial crisis. Join Now and Get a Free 1oz Silver Round or Gold Bar and SPECIAL OFFER TODAY ONLY – CLICK HERE
I can tell you that huge moves are about to start unfolding not only in metals, or stocks but globally and some of these supercycles are going to last years. This quick and simple to understand guide on trading with technical analysis will allow you to follow the markets closely and trade with it. Never be caught on the wrong side of the market again and suffer big losses. PDF guide: Technical Trading Mastery
Chris Vermeulen
www.TheTechnicalTraders.com
Chris Vermuelen, Founder of The Technical Traders joins Cory Fleck to look at the charts for oil, gold and the US markets. While all are trending in very different directions the US markets are closing in on a very important level that if broken could be very bad for risk on investors. Also of note that oil has given back all the gains since the Saudi oilfields bombing.
Note – This interview was recorded Wednesday Oct 2nd late in the day.
As a technical analysis and trader since 1997, I have been through a few bull/bear market cycles. I believe I have a good pulse on the market and timing key turning points for both short-term swing trading and long-term investment capital. The opportunities are massive/life-changing if handled properly.
Be sure to ride my coattails as I navigate these financial markets and build wealth while others lose nearly everything they own during the next financial crisis. Join Now and Get a Free 1oz Silver Round or Gold Bar and SPECIAL OFFER TODAY ONLY – CLICK HERE
I can tell you that huge moves are about to start unfolding not only in metals, or stocks but globally and some of these supercycles are going to last years. This quick and simple to understand guide on trading with technical analysis will allow you to follow the markets closely and trade with it. Never be caught on the wrong side of the market again and suffer big losses. PDF guide: Technical Trading Mastery
Chris Vermeulen
www.TheTechnicalTraders.com