{"id":139362,"date":"2018-12-24T08:30:59","date_gmt":"2018-12-24T13:30:59","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=139362"},"modified":"2018-12-24T06:52:24","modified_gmt":"2018-12-24T11:52:24","slug":"sp-breaks-2018-feb-lows-what-next","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/12\/sp-breaks-2018-feb-lows-what-next\/","title":{"rendered":"S&#038;P Breaks 2018 Feb Lows \u2013 What Next?"},"content":{"rendered":"<div id=\"inves-948201458\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">December 24, 2018<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By <a href=\"http:\/\/bit.ly\/1zUUpun\" target=\"_blank\" rel=\"noopener\"><u>TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n<p class=\"western\">The ES (S&amp;P e-mini contracts) broke the support level from the February 2018 lows immediately after the US Federal Reserve announced a 25 bp rate hike this week. This breakdown below the February 2018 lows is concerning because it indicates that previous support is not holding and we could be in for further downside price activity.<\/p>\n<p class=\"western\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-26821\" src=\"https:\/\/www.thetechnicaltraders.com\/wp-content\/uploads\/2018\/12\/Chart_18-12-20_ES_M_Fib.png\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" srcset=\"https:\/\/www.thetechnicaltraders.com\/wp-content\/uploads\/2018\/12\/Chart_18-12-20_ES_M_Fib.png 700w, https:\/\/www.thetechnicaltraders.com\/wp-content\/uploads\/2018\/12\/Chart_18-12-20_ES_M_Fib-300x189.png 300w\" alt=\"\" width=\"700\" height=\"440\" \/><\/p>\n<p class=\"western\">We are preparing a detailed research post for early next week regarding a broad range of US markets as well as how our proprietary price modeling systems are reflecting this recent price move. What we can suggest to all investors is play small positions at the moment and prepare for increased volatility. There is near-term support that may come into play soon, but overall the markets are reacting to a deleveraging event that could see prices push below 2400 before finding true support.<\/p>\n<p class=\"western\">Visit\u00a0<strong><a href=\"http:\/\/bit.ly\/1zUUpun\" target=\"_blank\" rel=\"noopener\"><u>TheTechnicalTraders.com<\/u><\/a><\/strong> to read all of our recent research posts and see what we believe will be the big movers in 2019.<\/p>\n<p>Chris Vermeulen<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By TheTechnicalTraders.com The ES (S&amp;P e-mini contracts) broke the support level from the February 2018 lows immediately after the US Federal Reserve announced a 25 bp rate hike this week. This breakdown below the February 2018 lows is concerning because it indicates that previous support is not holding and we could be in for further [&hellip;]<\/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-139362","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/139362","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=139362"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/139362\/revisions"}],"predecessor-version":[{"id":139363,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/139362\/revisions\/139363"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=139362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=139362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=139362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}