{"id":1104744,"date":"2019-03-11T19:55:10","date_gmt":"2019-03-11T19:55:10","guid":{"rendered":"https:\/\/commonstockwarrants.com\/?p=659657"},"modified":"2019-03-11T19:55:10","modified_gmt":"2019-03-11T19:55:10","slug":"this-stock-market-pop-could-fizzle-fast","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1104744","title":{"rendered":"This Stock Market Pop Could Fizzle Fast"},"content":{"rendered":"
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Chris Vermeulen
\nTechnical Traders Ltd.<\/a><\/p>\n

The US stock market opened today with mixed opening prices.\u00a0 The crash of the Ethiopian Boeing passenger jet prompted selling in the Blue Chips, particularly in Boeing (BA).\u00a0 As of right now, the US stock markets have recovered quite well and have pushed higher by mid-day.<\/p>\n

We believe this upward rotation may be short-lived and want to highlight the two Engulfing Bearish candlestick patterns that have formed recently.\u00a0 The first, near the October 2018 highs, prompted a very deep price correction that ended on December 24, 2018.\u00a0 The more recent, completed just on March 8, 2019, is setting up resistance just above recent highs ($175.95) and is still a very valid sell signal for the QQQ.\u00a0 Unless the price is able to breach the $175.95 level over the next few weeks, this Engulfing Bearish candlestick pattern is technically the key pattern driving future expectations for the price.<\/p>\n

Our February 17th<\/sup>\u00a0research, \u201cGet Ready For A Breakout Pattern Setup\u201d, highlighted our expectations that the US Stock market would set up a larger Pennant formation with downward rotation near current levels.\u00a0 This setup has, historically, been prominent in the markets and has setup larger upside breakout moves in the past.\u00a0 We still believe this pattern is setting up and that downside price MUST take place before any new upside momentum breakout can begin to unfold.<\/p>\n

\"\"Our belief is that today\u2019s upside price move will falter throughout this week and prices will continue to decrease as the price trend continues.\u00a0 The two Engulfing Bearish patterns are very strong indicators of potential downside price trends forming.\u00a0 Again, unless the $175.95 level is breached, we strongly believe the downside price trend will continue.\u00a0 Plan and prepare for a deeper price rotation before any upside momentum breakout pattern unfolds.<\/p>\n

If you like our research and our level of insight into the markets, then take a minute to visit\u00a0www.TheTechnicalTraders.com<\/a>\u00a0to learn how we help our clients find and execute for success.\u00a0 We\u2019ve been calling these market moves almost perfectly over the past 18+ months.\u00a0 Learn how our research team can help you stay ahead of these swings in price and find new opportunities for skilled traders.\u00a0 Take a minute to see how we can help you find and execute better trades by visiting\u00a0www.TheTechnicalTraders.com<\/a>\u00a0today.<\/p>\n

RECENT CLOSED TRADES<\/h2>\n

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Chris Vermeulen
\nTechnical Traders Ltd.<\/a><\/p>\n<\/div>\n

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  Chris Vermeulen Technical Traders Ltd. The US stock market opened today with mixed opening prices.  The crash of the Ethiopian Boeing passenger jet prompted selling in the Blue Chips, particularly in Boeing (BA).  As of right now, the US stock markets have recovered quite well and have pushed higher by mid-day. We believe this upward rotation may be short-lived and want to highlight the two Engulfing Bearish candlestick patterns that have formed recently.  The first, near the October 2018 highs, prompted a very deep price correction that ended on December 24, 2018.  The more recent, completed just on March 8, 2019, is setting up resistance just above recent highs ($175.95) and is still a very valid sell signal for the QQQ.  Unless the price is able to breach the $175.95 level over the next few weeks, this Engulfing Bearish candlestick pattern is technically the key pattern driving future expectations for the price. Our February 17th research, “Get Ready For A Breakout Pattern Setup”, highlighted our expectations that the US Stock market would set up a larger Pennant formation with downward rotation near current levels.  This setup has, historically, been prominent in the markets and has setup larger upside breakout moves in the past.  We still believe this pattern is setting up and that downside price MUST take place before any new upside momentum breakout can begin to unfold. Our belief is that today’s upside price move will falter throughout this week and prices will continue to decrease as the price … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":50,"featured_media":0,"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":[372,777],"tags":[375,338,374],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1104744"}],"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\/50"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1104744"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1104744\/revisions"}],"predecessor-version":[{"id":1104745,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1104744\/revisions\/1104745"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1104744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1104744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1104744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}