{"id":1089287,"date":"2018-10-17T16:15:56","date_gmt":"2018-10-17T16:15:56","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=1089287"},"modified":"2018-10-17T16:15:56","modified_gmt":"2018-10-17T16:15:56","slug":"us-equities-mount-impressive-early-recovery","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1089287","title":{"rendered":"US Equities Mount Impressive Early Recovery"},"content":{"rendered":"
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October 16, 2018
\nChris Vermeulen
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As fast as the downside breakout occurred, the upside recovery appears to be taking place as Q3 Earnings begin to hit the news wires.\u00a0 This past weekend, the news cycles and market experts all seemed to have opinions about where the US equities market was headed after last week\u2019s price collapse.\u00a0 We\u2019ve read everything from warnings of a $20 trillion dollar collapse to seeing Bloomberg\u2019s SMART INDEX chart showing equity valuations are near historic market bottoms.\u00a0 It seems everyone wanted to get out and share their opinions \u2013 I guess we are no different.<\/p>\n

The facts still remain the same, until the global market dynamics change and the US equities markets break the defined price channels that have been well established, we do not see any reason to consider a 6~8% correction life-threatening.\u00a0 In the total scope of the price range, this move represents less than a 25% price correction from price rotation points (as you\u2019ll see on the longer term NQ chart below).\u00a0 Yes, eventually, some critical market event might cause the US equity markets to change direction, but until then stay safe and roll in and out of trades with skill.<\/p>\n

Our research team, at\u00a0Technical Traders Ltd.<\/strong><\/a>,<\/u>\u00a0has continued to stay on top of this move by predicting the downside move over 3 weeks before it happened and by calling the bottom near 2700 on the ES.\u00a0 Recently, we posted two articles regarding the Q3 earnings expectations and the longer term price channels that are defining this current move.\u00a0 We suggest you visit\u00a0www.TheTechnicalTraders.com<\/a><\/u>\u00a0to read our most recent research posts.<\/p>\n

The recent upside price swing in the US Equities markets should not have been a surprise if you had been following our analysis and research.\u00a0 These types of price rotation are actually very healthy for the price and allows the price to establish support, wash out a few weaker positions and allows skilled traders to position themselves for future success.<\/p>\n

This Monthly NQ chart shows you what our research team has identified as a price pattern going back 8+ years.\u00a0 Since the 2009-10 bottom in the markets, price rotation has been limited to about 0.25% total retracements for each upward price range.\u00a0 This is interesting in the sense that rotation is occurring in price, but it has historically been somewhat limited to within the 0.25% range.\u00a0 This also suggests that as price continues to climb and expand, the 0.25% retracement range is also expanding.<\/p>\n

Still, until we see a deeper price retracement that clearly breaches support channels and confirms a downside move, we don\u2019t believe any real danger exists to the downside.\u00a0 We have advised our members appropriately to watch for this move and protect their open long positions as this downside setup was identified by our team over 4 weeks ago.\u00a0 Now, we are advising our members to take advantage of strategic opportunities in selected symbols because of what our predictive modeling systems are suggesting.<\/p>\n

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This 240 minute ES chart shows the recent upside breakout of the FLAG\/Pennant formation near the support levels (2733~2744).\u00a0 These levels were identified by our research team shortly after the bottom had formed and allowed us to understand that as long as price stayed above these levels, an upside price breakout was the strongest possibility.\u00a0 The \u201cwashout\u201d price rotation near the apex of the FLAG formation was expected as well.\u00a0 Our team believes the upside price move is just starting and that price will move to near 2830 before stalling and potentially retracing back to near 2785.\u00a0 Remember, our research shows that a true price bottom will not form in the US markets will somewhere near November 8~12.\u00a0 Somewhere near these dates, the US Equities market should form a very solid price bottom and begin to really accelerate to the upside throughout the end of 2018.<\/p>\n

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We\u2019ve already positioned our subscribers to effectively profit from the future moves we expect in the markets.\u00a0 Our predictive modeling systems are showing us what is the highest probability outcomes and our job is to keep our subscribers well informed and ahead of these moves.\u00a0 We urge you to spend a bit of time reviewing our most recent research posts to better understand the current market environment: visit\u00a0www.TheTechnicalTraders.com\/FreeMarketResearch\/<\/a><\/u><\/strong>\u00a0to access all of our public research posts.\u00a0 The Christmas rally should be setting up very quickly and this Q3 earnings season is likely to present some very good trading opportunities.\u00a0 Get ready for 2019 by following our research and staying ahead of these market moves instead of following along after the moves have taken place.<\/p>\n

Chris Vermeulen<\/p>\n

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October 16, 2018 Chris Vermeulen As fast as the downside breakout occurred, the upside recovery appears to be taking place as Q3 Earnings begin to hit the news wires.\u00a0 This past weekend, the news cycles and market experts all seemed to have opinions about where the US equities market was headed after last week\u2019s price […]<\/p>\n","protected":false},"author":1,"featured_media":689341,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[4,373],"tags":[375,338,374,115],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1089287"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1089287"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1089287\/revisions"}],"predecessor-version":[{"id":1089288,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1089287\/revisions\/1089288"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/media\/689341"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1089287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1089287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1089287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}