Best of the Week
Most Popular
1. Crude Oil Price Trend Forecast - Saudi's Want $100 for ARAMCO Stock IPO - Nadeem_Walayat
2.Gold Price Focusing on May Cycle Bottom - Jim_Curry
3.Silver, silver, and silver! There’s More Than Silver, People! - P_Radomski_CFA
4.Is the Malaysian Economy a Potemkin Village - Sam_Chee_Kong
5.Stock Market Study Shows Why You Shouldn’t “Sell in May and Go Away” - Troy_Bombardia
6.A Big Stock Market Shock is About to Start - Martin C
7.A Long Term Gold Very Unpopular View - Rambus_Chartology
8.Stock Market “Sell in May and go away” Study When Stocks Are Down YTD - Troy_Bombardia
9.Global Currency RESET Challenge: Ultimate Twist - Jim_Willie_CB
10.The Coming Silver Supply Crunch Is Worse Than You Know - Jeff Clark
Last 7 days
Stock Market Ideal Cycle Low Near - 21st May 18
5 Effects Of Currency Fluctuations On The Economy - 21st May 18
Financial Conditions are Still too Easy for the Stocks Bull Market to End - 21st May 18
US Stock Market Elliott Wave Predictions for 2018 and Beyond - 20th May 18
Are You Still Fearful of Cryptos? - 20th May 18
US Stocks - Why I am Short-term Bearish, Medium-term Bullish - 20th May 18
Looking for a Turn in Gold Price - 20th May 18
GDX Gold Mining Stock Fundamentals 2018 - 19th May 18
Semiconductor Stock Market Canaries: Chirp, Warble… Soon a Croak and Silence? - 19th May 18
Three Drivers of Gold Price - 18th May 18
Gold Market in First Tertile of 2018 - 18th May 18
What Happens Next When Small Cap (Russell) Leads the Stock Market - 17th May 18
Negative Signs for EUR/USD? AUD/USD - Battle - 17th May 18
DOW Jones and CRUDE Oil on a Cliff Edge, Waiting for a Nudge! - 17th May 18
Gold Price No More Subtleness – It’s Show Time! - 17th May 18
VIX Cycles Point to Stock Market Correction - 17th May 18
Trump Sounds End Times Armageddon Trumpet for Jerusalem, Israel Evangelical Prophecies - 16th May 18
Our Next Stock Market Dow Fibonacci Price Targets – Get Ready! - 16th May 18
The Coming Copper Crunch - 16th May 18
Stock Futures Are on a Sell Signal - 16th May 18
What to do When the IRS Comes for Your Property - 16th May 18
IS BITCOIN ANONYMOUS? - 16th May 18
Bitcoin Tide Might Have Turned - 15th May 18
UK Online Gambling Market Grows According to UKGC - 15th May 18
Stock Market Study: What Happens Next when Dow Goes Up 8 Days in a Row - 15th May 18
Fibonacci Price Ladder Points to Higher Stock Prices - 15th May 18
U.S. Dollar Rally Is Doomed - 14th May 18
Gloomy Scenarios for the Fed That Should Boost Precious Metals - 14th May 18
US Dollar One Reversal Too Many - 14th May 18
SPX futures are higher, but so is VIX - 14th May 18
Precious Metals and Miners NUGT – The Sleeping Giant Trade - 14th May 18
Is This The Netflix Of Cannabis? - 14th May 18
US Quest for Iran Regime Change: Will EU Sustain the Nuclear Deal - 14th May 18
Stocks Bears Last Stand - 14th May 18

Market Oracle FREE Newsletter

Trading Lessons

Stock Market Upside Breakout Pattern to New All Time Highs

Stock-Markets / Stock Markets 2018 May 10, 2018 - 12:04 PM GMT

By: Chris_Vermeulen

Stock-Markets

Since before the start of 2018, we have been relying on our advanced predictive modeling systems, technical analysis and our understanding of the capital markets to help our members take advantage of the incredible price swings in 2018.  For those that have been following our calls, we’ve pretty much nailed every market turn over the past 5+ months perfectly and have been able to call many of the tops and bottoms in the markets two to three weeks (or more) in advance.  Honestly, do you know of any other research firm that can call marker reversals nearly a month in advance and be correct in timing it?


As of the beginning of May 2018, we’ve made our best predictive modeling tools a “Members Only” feature that will help our members secure greater success and see where the markets are moving weeks or months in advance of the move.  Without giving away “Members Only” details, here is what we can share with you today.

These charts of the SPY and Transportation index should help to clear up any confusion with direction and potential in the markets for most of you.  Far too many people have been concerned with the global markets while thinking these concerns could negatively result in the US markets contracting.  Our opinion is a bit different than many other analysts.  We believe capital will come rushing into the US markets if weakness or concern continues in foreign/emerging markets.  We believe these concerns will spark a “capital migration” into the US where it is likely that Equities and Commodities continue to rally as many foreign markets continue to weaken.  Capital (CASH) is always searching for the best returns and will source the safest locations for ROI.

Take a look at this Daily SPY chart.  It clearly shows the sloping resistance and support channels that are containing price over the past few months.  Additionally, above the current price you can see horizontal PEAK resistance levels that should be considered upside targets and DUAL resistance levels (Red & Yellow) that are currently holding price from rallying upward.  If you take a look at the lower indicators (ADL Squeeze and the MACD), you will see that price is very narrowly congested while recent support is evident with “higher low points” in price.

A broader look at the SPY Weekly chart shows a similar perspective over the past 3 months of price action, yet we can clearly see the Long-Term Upward Support channel as well as the Massive Price Support “block” that is near the right side of the chart.  Again, the lower indicators are showing a weakening bearish price trend that coincides with technical price patterns illustrating price support is holding up well.  The only thing holding this market back right now is the US Dollar and fear that any global market crisis could hinder the upside potential.

Think about it, the US economy is still fairly strong and unless something derails it in a massive form, we don’t believe the downside risks are a concern at the moment.  We believe that global capital will be moving into the US equity market faster than ever as a gradual weakness (“cold”) takes hold of many foreign and emerging markets.  We believe the upside potential at this point in the market is the most likely outcome and we are trying to illustrate how we believe the markets will react over the next few weeks.

Lastly, lets take a look at the Weekly Transportation Index.  The fact is that all of these charts are similar in structure and form.  It is almost like the markets are screaming at us and telling us what will happen next.  Yet so many analysts are still fearful of downside pressures and predicting a top formation that will prompt a downside move.

We believe the support levels we are showing on our chart would have to become threatened or breached before any downside move potential has any real chance.  We also believe that price has been indicative of an upside reversal pattern within this extended Pennant/Flag setup.

Yes, there was reason for some concern back in February, when the market volatility skyrocketed and the initial price drop frightened pretty much everyone.  But our belief is that the recent price patterns, support and indicators and our advanced predictive modeling systems have shown us a different picture completely.  We just don’t see it happening.  We don’t believe the markets have much downside potential at this point in time and we have identified multiple unique trades that we have alerted to our members to take advantage of the future price swings.

If only you knew what our predictive modeling systems were telling us.  If only you knew what our adaptive Fibonacci price modeling system was telling us.  If only you knew what our adaptive cycle analysis system was showing us.  You would probably be doing much of the same things we, and our members, are doing right now.

We’ve tried to give you a hint in regards to what our advanced technology is showing us and we want to remind you that we called this market bottom over three weeks ago.  As long as these support levels hold and nothing dramatic derails the US economy and expectations, we believe the opportunity is for an upside price breakout that may drive prices to new all-time highs.

Our members are uniquely positioned and taking advantage of this move already.  You owe it to yourself to visit www.TheTechnicalTraders.com to see how we can help you stay ahead of the markets and profit from these types of price swings.  Our latest trade resulted in nearly 9% profits in just a few days.  As a commitment to our members, we save the very best for “Members Only” with our proprietary adaptive price modeling systems that can show us what price will likely be doing days and months in advance.  We urge you to becoming a member and share in the success we deliver for all of our valued subscribers.  Besides, your subscription helps support the development and research team that brings you all of these tools and technology.

53 years experience in researching and trading makes analyzing the complex and ever-changing financial markets a natural process. We have a simple and highly effective way to provide our customers with the most convenient, accurate, and timely market forecasts available today. Our stock and ETF trading alerts are readily available through our exclusive membership service via email and SMS text. Our newsletter, Technical Trading Mastery book, and 3 Hour Trading Video Course are designed for both traders and investors. Also, some of our strategies have been fully automated for the ultimate trading experience.

Become A Technical Trader Today And Profit! – CLICK HERE

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

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

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

6 Critical Money Making Rules