{"id":125045,"date":"2018-04-12T11:28:43","date_gmt":"2018-04-12T15:28:43","guid":{"rendered":"http:\/\/countingpips.com\/?p=125045"},"modified":"2018-06-01T15:40:53","modified_gmt":"2018-06-01T15:40:53","slug":"spx-resistance-may-prompt-a-massive-short-squeeze","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/04\/spx-resistance-may-prompt-a-massive-short-squeeze\/","title":{"rendered":"SPX Resistance May Prompt a Massive Short Squeeze"},"content":{"rendered":"
April 12, 2018<\/div>
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By\u00a0Chris Vermeulen<\/strong><\/p>\n

Our analysis continues today with this research of a potential Short Squeeze in the SPX and other broader markets.\u00a0 As you are probably well aware, we, at\u00a0www.TheTechnicalTraders.com<\/u><\/a>, have been nailing the markets with our detailed analysis for quite a while.\u00a0 Our Advanced Analytical tools have called nearly every move.\u00a0 Nearly two weeks ago we called a massive market bottom to form in the US markets \u2013 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\u2019s continuing to rally more.<\/p>\n

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.\u00a0 Take a look at these charts.<\/p>\n

This SPY chart showing our Advanced Adaptive Dynamic Learning Cycles and the Stage 1 basing pattern that we referenced yesterday is still very valid.\u00a0 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.\u00a0 Our ADLC cycle modeling system is showing a very clear upside breakout \u2013 the massive Short Squeeze move.<\/p>\n

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This SPX chart shows a similar setup with a resistance channel near 2675 and a very clear upside potential to near 2800 or higher.\u00a0 What is interesting about this chart is that the Standard Deviation channels show this move would actually be considered a \u201creversion trade\u201d \u2013 back to within normal pricing channels.\u00a0 This means that we could see a much broader move higher with this upside potential \u2013 possibly well above 2850.<\/p>\n

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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.\u00a0 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.\u00a0 As traders, this means we have some real profit potential over the next few weeks with this move.<\/p>

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Take a look at our\u00a0trade alert service Wealth Building Newsletter\u00a0and tools we provide our members at\u00a0Technical Traders Ltd.\u00a0and see how we can assist you in finding and executing great trades like these every week.\u00a0 We have hundreds of members that are following our daily video and other analysis each week.\u00a0 We believe you should have a great team of researchers and traders backing you up with opportunities for greater profits \u2013 check us out\u00a0www.TheTechnicalTraders.com<\/strong><\/a>\u00a0to see how we can improve your trading success.<\/p>\n

Chris Vermeulen<\/p>\n","protected":false},"excerpt":{"rendered":"

By\u00a0Chris Vermeulen Our analysis continues today with this research of a potential Short Squeeze in the SPX and other broader markets.\u00a0 As you are probably well aware, we, at\u00a0www.TheTechnicalTraders.com, have been nailing the markets with our detailed analysis for quite a while.\u00a0 Our Advanced Analytical tools have called nearly every move.\u00a0 Nearly two weeks ago […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-125045","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/125045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=125045"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/125045\/revisions"}],"predecessor-version":[{"id":125046,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/125045\/revisions\/125046"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=125045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=125045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=125045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}