{"id":130631,"date":"2018-07-23T07:01:51","date_gmt":"2018-07-23T11:01:51","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=130631"},"modified":"2018-07-23T05:43:52","modified_gmt":"2018-07-23T09:43:52","slug":"proprietary-system-shows-rally-could-extend-higher","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/07\/proprietary-system-shows-rally-could-extend-higher\/","title":{"rendered":"Proprietary System Shows Rally Could Extend Higher"},"content":{"rendered":"
July 23, 2018<\/div>
\r\n<\/div><\/div>

By TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n

The following Weekly charts are illustrations of one of our proprietary price modeling systems that shows trends, market breadth and much more.\u00a0 We use this almost exclusively on longer-term (Weekly, Monthly, and Quarterly charts) to help us understand where longer-term support and resistance levels are, where the market ranges are truly important and to determine true market breadth.\u00a0 When we are studying Daily chart or intra-day charts \u2013 the shorter term price rotation can often clutter our interpretation of the long term expectations.\u00a0 Yes, we have other modeling systems, predictive analysis systems, Fibonacci systems, Adaptive Cycles systems and more.\u00a0 Our collection of proprietary analysis tools is very deep.\u00a0 Yet, one has to know how to use these tools and what value they can provide at different times.<\/p>\n

This proprietary modeling system is designed to model price swings\/rotation and provide clear overall objective analysis of key price levels\/pivots.\u00a0 We call it \u201cTT Charger\u201d.<\/p>\n

 <\/p>\n

WEEKLY CHART OF THE SPY USING OUR TT CHARGER MODELING SYSTEM<\/h3>\n

This first Weekly chart of the SPY using our TT Charger modeling system is clearly still bullish.\u00a0 The price breadth contracting a bit near the current prices and support is currently functioning near $252.\u00a0 The current market price has recently broken higher above the short term price channels in addition to the longer term price channels.\u00a0 This is a pretty good indication that price may attempt another rally attempt that may extend for many weeks.\u00a0 In 2017, we witnessed more than 5 to 15+ weeks of extended price rally above both of these channel levels at times.\u00a0 The recent rotation in February 2018 may operate as a \u201crecharging of price\u201d in terms of a future rally attempt.<\/p>\n

\"\"<\/p>\n

 <\/p>\n

 <\/p>\n

WEEKLY NQ CHART WITH THE TT CHARGER<\/h3>\n

This Weekly NQ chart with the TT Charger applied for shows an even more incredible setup.\u00a0 Support is currently setting near $6190 and price has extended beyond both of the price channels for more than 11 weeks now.\u00a0 Market Breadth is expanding, therefore the implied volatility is increasing as well.\u00a0 Although we may not see a very big volatility rotation in price, the capability of increased volatility is still valid.<\/p>\n

\"\"<\/p>\n

 <\/p>\n

 <\/p>\n

WEEKLY TRANSPORTATION INDEX CHART<\/h3>\n

This Weekly Transportation Index chart paints a clearer picture of the struggling Transportation Index in terms of the recent price rotation.\u00a0 The TT Charger analysis still shows a solidly bullish price trend with support at $10,005.\u00a0 Price is within the longer term price channels and just above the shorter term price channel.\u00a0 The Transportation index typically leads the US equities markets by about 4~8 months, so it is important that we see the Transportation index rally in support of the equities markets rally.\u00a0 If this fails to happen, then we are likely experiencing a \u201ccapital appreciation\u201d that is not supported by economic fundamentals.\u00a0 In other words, without a rally in the Transports, any price advance in the equities markets is likely short-lived (3~6 months at best) before one of the two will break.<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

\"\"<\/p>\n

 <\/p>\n

At this point, our interpretation of these charts is that the US earnings season should drive equities prices higher, within and above these price channels, and create a real opportunity for investors\/traders.\u00a0 Yes, support is quite a bit below the current price levels, but these support models will adjust as price advances.\u00a0 Unless a reversal trigger is generated, which does not seem likely right now, or the support levels are broken, which is not likely right away, we should be looking for advancing prices and breakout rallies over the next few weeks or months.<\/p>\n

Our members have access to much greater insight and analysis than we can share with the general public.\u00a0 We reserve our most advanced price modeling systems, predictive analysis and research for our exclusive membership levels.\u00a0 We are warning you that a massive upside swing is about to setup and you\u2019ll want to be prepared for it because this could be a true \u201conce in a lifetime\u201d type of move.\u00a0 We also urge you to consider joining TheTechnicalTraders.com<\/u><\/a><\/strong>\u00a0as a member to receive all of our detailed updates, daily videos, trading signals and more.\u00a0 If you don\u2019t believe we can assist you in your future with our research, analysis and other features and benefits, you can cancel your subscription and move onto something else.<\/p>\n

Either way, we urge you to be prepared for this next move higher and take a few minutes to read over our most recent public research posts at\u00a0www.TheTechnicalTraders.com<\/a>\/FreeMarketResearch\/<\/u><\/strong>.<\/p>\n

Chris Vermeulen<\/p>\n

By TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By TheTechnicalTraders.com The following Weekly charts are illustrations of one of our proprietary price modeling systems that shows trends, market breadth and much more.\u00a0 We use this almost exclusively on longer-term (Weekly, Monthly, and Quarterly charts) to help us understand where longer-term support and resistance levels are, where the market ranges are truly important and […]<\/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-130631","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/130631","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=130631"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/130631\/revisions"}],"predecessor-version":[{"id":130632,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/130631\/revisions\/130632"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=130631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=130631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=130631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}