{"id":146306,"date":"2019-04-23T08:30:04","date_gmt":"2019-04-23T12:30:04","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=146306"},"modified":"2019-04-23T07:30:40","modified_gmt":"2019-04-23T11:30:40","slug":"prepare-for-unknown-price-action-as-new-highs-are-reached","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/04\/prepare-for-unknown-price-action-as-new-highs-are-reached\/","title":{"rendered":"Prepare For Unknown Price Action As New Highs Are Reached"},"content":{"rendered":"
April 23, 2019<\/div>
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By TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n

The ES and NQ are very close to breaking out to new all-time highs this week and possibly over the next few weeks.\u00a0 The NQ is very close to these new high levels already.\u00a0 Traders must not take this move for granted as increased volatility and a very real chance for a price correction become even greater once we break into \u201cnew high territory\u201d.<\/p>\n

This upside move has taken almost 5 months to climb back from the December 2018 lows.\u00a0 It has been a very dramatic rally to say the least.\u00a0 We\u2019ve seen dozens of professional analysts suggest the markets would rotate lower all the way up this rally.\u00a0 It seems as though everyone wanted to be right that the market top in October 2018 was going to be the start of something big.\u00a0 We were one of the few analysts that called the market accurately.\u00a0 Our September 17, 2018 analysis called for almost every leg of this price swing over the past 7+ months.\u00a0 We stuck by our research while others were skeptical and doubting our research.\u00a0 We stuck to it because we believe in our work and modeling tools.<\/p>\n

Now, our modeling tools are suggesting we could be setting up for a pretty big increase in volatility over the next 2~3 months with the potential for bigger price rotation into May\/June 2019.\u00a0 As we are reading our modeling system results, the key elements are that price will achieve new all-time highs, the price will increase in volatility and Gold should begin an upside price move over the next 2~5+ weeks.\u00a0 The move in Gold suggests one of two things may happen, or both.\u00a0 The US Dollar may weaken or the US stock market may correct a bit based on some economic event or outside foreign economic event.<\/p>\n

Either way, the move in Gold suggests that increased volatility is almost a sure thing over the next 60 to 90 days.\u00a0 The only reason Gold would rise is if there is some increased fear factor throughout the planet in regards to the protection of assets and fear of some unknown event.\u00a0 Therefore, if our analysis is correct and Gold does rise as we have indicated, then something is about to create a big increase in volatility.<\/p>\n

The key to all of this is that the ES and NQ will move into NEW HIGH territory before this volatility increase begins to become apparent.<\/p>

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This ES Weekly chart shows just how close the ES (S&P500 Futures) are too new all-time highs.\u00a0 The ES needs to climb another 41 points (+1.41%) before it touches the previous all-time high levels.\u00a0 That is really only one of two good upside days. \u00a0Once it breaks the 2947 level, then the 3000 psychological level becomes a very real target.<\/p>\n

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This NQ Weekly chart shows that the NQ is really just inches away from breaking to new all-time highs.\u00a0 The NQ only needs to rally 24.50 points (+0.31%) before the 7731 level is breached.\u00a0 We believe this move will happen very early this week and we could see the NQ push all the way above the 8000 level in short order.\u00a0 Our Fibonacci price modeling system is suggesting 9130 and 9625 levels may become the ultimate highs \u2013 but it is still very early to tell at this stage of our research.<\/p>\n

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Back in July and August 2018, we started warning that the end of 2018 and all of 2019 were going to be very good years for skilled traders.\u00a0 We\u2019ve seen a nearly 3800+ point price swing in the NQ and a +1200 point price swing in the ES.\u00a0 Let\u2019s face it, folks, these are very big moves and if you had been capable of trading these moves efficiently, this is the type of price rotation that makes millionaires out of average traders.<\/p>\n

Get ready, because the rest of 2019 and almost all of 2020 are going to be just as exciting to trade so be sure to get our trade signals.<\/p>\n

We\u2019ll see you on the other side of \u201cnew all-time highs\u201d for the US Stock market here soon.<\/p>\n

Chris Vermeulen – TheTechnicalTraders.com<\/a><\/u><\/a><\/strong><\/p>\n

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

By TheTechnicalTraders.com The ES and NQ are very close to breaking out to new all-time highs this week and possibly over the next few weeks.\u00a0 The NQ is very close to these new high levels already.\u00a0 Traders must not take this move for granted as increased volatility and a very real chance for a price […]<\/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-146306","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/146306","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=146306"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/146306\/revisions"}],"predecessor-version":[{"id":146307,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/146306\/revisions\/146307"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=146306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=146306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=146306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}