{"id":136621,"date":"2018-11-04T18:53:36","date_gmt":"2018-11-04T23:53:36","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=136621"},"modified":"2018-11-04T18:53:36","modified_gmt":"2018-11-04T23:53:36","slug":"calm-before-the-storm","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/11\/calm-before-the-storm\/","title":{"rendered":"Calm Before The Storm"},"content":{"rendered":"
November 4, 2018<\/div>
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By TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n

With very strong US jobs data hitting the news wires this morning and an incredible upside price swing overnight because of expectations and hope of a US\/China trade deal in the works, we were not surprised by the downside rotation in the US stock market this morning.\u00a0 As we\u2019ve been warning for the past 3+ months, we expect the US stock markets to trade very narrowly headed into the US mid-term elections and begin a breakout upside price move sometime between November 8 and November 12.<\/p>\n

The news events, recently, and the relatively strong earnings data suggest the US stock market and economy should continue an upward bias throughout most of the end of 2018 and into early 2019.\u00a0 If President Trump were to secure a favorable trade deal with China, we expect the US stock market could surge 4~8% over a few days\/weeks on that news alone.\u00a0 Our opinion is that few traders want to hold any positions over the weekend headed into a potentially tumultuous election cycle next week.<\/p>\n

This Daily ES chart illustrates where we believe the price will stay before the US elections (The YELLOW arrows\/box drawn on the chart).\u00a0 This range is roughly from 2690 to 2750 on the ES.\u00a0 We\u2019ve also drawn two thin blue vertical lines that represent Nov 8 and Nov 12 \u2013 the dates which we expect the markets to establish a true price bottom and begin an upward price rally from.\u00a0 Additionally, we are displaying what we call \u201cTrue Fibonacci Levels\u201d on this chart in reference to key price target levels.\u00a0 We believe the initial upside price target will focus on the 2816 price level in the ES, then potentially push higher to the 2942 range.\u00a0 These True Fibonacci Levels are derived from our modeling systems calculations of Fibonacci Number Sequence relationships.<\/p>\n

Additionally, the October 12th<\/sup> date aligns with Fibonacci Time\/Price cycles as a key inflection point in price.\u00a0 Therefore, we strongly believe skilled traders should begin taking strategic positions in select markets\/stocks prior to this point as we believe the price could move in a very dramatic and aggressive form after November 12th<\/sup>.<\/p>\n

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Please take a minute to visit our website to learn how we can help you stay ahead of these market moves.\u00a0 Visit TheTechnicalTraders.com<\/u><\/a><\/strong> and see just how easy and inexpensive it is to have a team of dedicated professionals working to help you become a better trader and deliver proprietary research, daily videos and more.<\/p>

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

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<\/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>

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If you\u2019ve been following our research, you already know how accurately we\u2019ve called these past market moves.\u00a0 Pay attention to how the rest of this year plays out and see how accurate our predictions really are.\u00a0 We\u2019ve called the moves in Oil, Gold, Technology, China\/Asia, the US stock market and many more weeks or months before these moves happened.\u00a0 Isn\u2019t it time you invested in your future success too?<\/p>\n

Chris Vermeulen<\/p>\n

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

By TheTechnicalTraders.com With very strong US jobs data hitting the news wires this morning and an incredible upside price swing overnight because of expectations and hope of a US\/China trade deal in the works, we were not surprised by the downside rotation in the US stock market this morning.\u00a0 As we\u2019ve been warning for the […]<\/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-136621","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/136621","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=136621"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/136621\/revisions"}],"predecessor-version":[{"id":136622,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/136621\/revisions\/136622"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=136621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=136621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=136621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}