Our analysis continues today with this research of a potential Short Squeeze in the SPX and other broader markets. As you are probably well aware, we, at www.TheTechnicalTraders.com, have been nailing the markets with our detailed analysis for quite a while. Our Advanced Analytical tools have called nearly every move. Nearly two weeks ago we called a massive market bottom to form in the US markets – well before just about anyone else even saw a bottom formation. In fact, we have already banked 10% profit on the first half of our best-cherry-picked setup for subscribers and it’s continuing to rally more.

Today, we are calling the potential for a massive upside breakout move on what we believe is a massive Short Squeeze position just above resistance in the SPX. Take a look at these charts.

This SPY chart showing our Advanced Adaptive Dynamic Learning Cycles and the Stage 1 basing pattern that we referenced yesterday is still very valid. This resistance channel, near the top of the yellow rectangle, is very clear and we can see prices are tightening near the top of this channel. Our ADLC cycle modeling system is showing a very clear upside breakout – the massive Short Squeeze move.

This SPX chart shows a similar setup with a resistance channel near 2675 and a very clear upside potential to near 2800 or higher. What is interesting about this chart is that the Standard Deviation channels show this move would actually be considered a “reversion trade” – back to within normal pricing channels. This means that we could see a much broader move higher with this upside potential – possibly well above 2850.

This final chart is a 240-minute SPX chart that helps to better understand and see the resistance channel that we expect to be broken today or tomorrow. We believe this downside resistance has setup a massive Short Squeeze position that coincides with our ADL and ADLC predictive analysis technology to indicate that we should see a massive upside price move in the immediate future. As traders, this means we have some real profit potential over the next few weeks with this move.

Take a look at our trade alert service Wealth Building Newsletter and tools we provide our members at Technical Traders Ltd. and see how we can assist you in finding and executing great trades like these every week. We have hundreds of members that are following our daily video and other analysis each week. We believe you should have a great team of researchers and traders backing you up with opportunities for greater profits – check us out www.TheTechnicalTraders.com to see how we can improve your trading success.

Chris Vermeulen
www.TheTechnicalTraders.com

Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7 Steps to Win With Logic

Through years of research, trading and helping individual traders around the world. He learned that many traders have great trading ideas, but they lack one thing, they struggle to execute trades in a systematic way for consistent results. Chris helps educate traders with a three-hour video course that can change your trading results for the better.

His mission is to help his clients boost their trading performance while reducing market exposure and portfolio volatility.

He is a regular speaker on HoweStreet.com, and the FinancialSurvivorNetwork radio shows. Chris was also featured on the cover of AmalgaTrader Magazine, and contributes articles to several leading financial hubs like MarketOracle.co.uk

Disclaimer: Nothing in this report should be construed as a solicitation to buy or sell any securities mentioned. Technical Traders Ltd., its owners and the author of this report are not registered broker-dealers or financial advisors. Before investing in any securities, you should consult with your financial advisor and a registered broker-dealer. Never make an investment based solely on what you read in an online or printed report, including this report, especially if the investment involves a small, thinly-traded company that isn’t well known. Technical Traders Ltd. and the author of this report has been paid by Cardiff Energy Corp. In addition, the author owns shares of Cardiff Energy Corp. and would also benefit from volume and price appreciation of its stock. The information provided here within should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. Technical Traders Ltd. and the author of this report do not guarantee the accuracy, completeness, or usefulness of any content of this report, nor its fitness for any particular purpose. Lastly, the author does not guarantee that any of the companies mentioned in the reports will perform as expected, and any comparisons made to other companies may not be valid or come into effect.

Chris Vermeulen Archive

Only logged in users are allowed to post comments. Register/ Log in

The Market Oracle is a FREE Financial Markets Forecasting & Analysis web-site.
(c) 2005-2024 MarketOracle.co.uk (Market Oracle Ltd) - Market Oracle Ltd asserts copyright on all articles authored by our editorial team and all comments posted. Any and all information provided within the web-site, is for general information purposes only and Market Oracle Ltd do not warrant the accuracy, timeliness or suitability of any information provided on this site. nor is or shall be deemed to constitute, financial or any other advice or recommendation by us. and are also not meant to be investment advice or solicitation or recommendation to establish market positions. We do not give investment advice and our comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to enter into a market position either stock, option, futures contract, bonds, commodity or any other financial instrument at any time. We recommend that independent professional advice is obtained before you make any investment or trading decisions. By using this site you agree to this sites Terms of Use. From time to time we promote or endorse certain products / services that we believe are worthy of your time and attention. In return for that endorsement and only in the cases where you purchase directly though us may we be compensated by the producers of those products.