{"id":146753,"date":"2019-04-30T17:45:28","date_gmt":"2019-04-30T21:45:28","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=146753"},"modified":"2019-04-30T17:28:33","modified_gmt":"2019-04-30T21:28:33","slug":"how-close-are-the-markets-from-topping","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/04\/how-close-are-the-markets-from-topping\/","title":{"rendered":"How Close Are The Markets From Topping?"},"content":{"rendered":"
April 30, 2019<\/div>
\r\n<\/div><\/div>

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

Now that most of the US Major Indexes have breached new all-time price highs, which we called over 5+ months ago, and many traders are starting to become concerned about how and where the markets may find resistance or begin to top, we are going to try to paint a very clear picture of the upside potential for the markets and why we believe volatility and price rotation may become a very big concern over the next few months.\u00a0 Our objective is to try to help you stay informed of pending market rotation and to alert you that we may be nearing a period within the US markets where increased volatility is very likely.<\/p>\n

Longer term, many years into the future, our predictive modeling systems are suggesting this upside price swing is far from over.\u00a0 Our models suggest that price rotation will become a major factor over the next 12 to 15+ months \u2013 headed into the US Presidential election cycle of November 2020.\u00a0 Our models are suggesting that the second half of this year could present an incredible opportunity for skilled investors as price volatility\/rotation provide bigger price swings.\u00a0 Additionally, our models suggest that early 2020 will provide even more opportunity for skilled traders who are able to understand the true price structure of the markets.\u00a0 Get ready, thing are about to get really interesting and if you are not following our research or a member of our services, you might want to think about joining soon.<\/p>\n

We are focusing this research post on the NQ, ES and YM futures charts (Daily).\u00a0 We will include a longer-term YM chart near the end to highlight longer-term expectations.\u00a0 Let\u2019s start with the NQ Daily chart.<\/p>\n

The NQ Daily chart, below, highlights our ongoing research, shows the 2018 deep price rotational low and the incredible rally to new all-time highs recently.\u00a0 The most important aspect of this chart is the \u201cUpside Target Zone\u201d near the $8040 level and the fact that any rally to near these levels would represent an extended upside price rally near the upper range of the YELLOW price channel lines.\u00a0 We believe any immediate price rotation may end near the $7500 level (between the two Fibonacci Target levels near $7400 & $7600) and could represent a pretty big increase in price volatility.<\/p>\n

\"\"<\/p>\n

 <\/p>\n

This ES Daily chart highlights the different in capabilities between the NQ and the ES.\u00a0 While the NQ is already pushing into fairly stronger new price highs, the ES is struggling to get above the Sept\/Oct 2018 highs and this is because very strong resistance is found between $2,872 and $2,928.\u00a0 It is very likely that the price volatility will increase near these highs as price becomes more active in an attempt to break through this resistance.\u00a0 It is also very likely that a downside price rotation may happen where price attempts to retest the $2,835 level (or lower) before finally pushing into a bigger upside price trend.\u00a0 The Upside Target Zone highs are just below $3,000.\u00a0 Therefore, we believe any move above $2,960 could represent an exhaustion top type of price formation.<\/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

This YM chart is set up very similarly to the ES chart.\u00a0 Historical price highs are acting as a very strong price ceiling.\u00a0 While the NQ is already pushing into fairly stronger new price highs, the YM continues to struggle to get above the Sept\/Oct 2018 highs and this is because very strong resistance is found between 25,750 and 27,000.\u00a0 Please take notice of the very narrow resistance channel (BOX) on this chart that highlights where we believe true price support\/resistance is located.\u00a0 We believe it is likely that a downside price rotation may happen where price attempts to retest the $26,000 level (or lower) before finally pushing into a bigger upside price trend.<\/p>\n

\"\"<\/p>\n

 <\/p>\n

As you can tell from our recent posts and this research, we believe price volatility is about to skyrocket higher as price rotates downward.\u00a0 Our predictive modeling systems are suggesting that we are nearing the end of this current upside move where a downward price move will establish a new price base and allow price to, eventually, push much higher \u2013 well above current all-time high levels.<\/p>\n

We\u2019ve issued research posts regarding Presidential election cycles and how, generally, stock market prices decline 6 to 24 months before any US Presidential election.\u00a0 We believe this pattern will continue this year and we are warning our followers to be prepared at this stage of the game.\u00a0 No, it will not be a massive market crash like 2008-09.\u00a0 It will be a downside price rotation that will present incredible opportunities for skilled traders.\u00a0 If you want more of our specialized insight and analysis, then please visit www.TheTechnicalTraders.com<\/a> to learn how we help our members find success.<\/p>\n

Lastly, we\u2019ve included this Weekly YM chart to show you just how volatile the markets are right now.\u00a0 Pay very close attention to the Fibonacci Target Levels that are being drawn on this chart.\u00a0 The downside target levels range from $16,000 to $21,060.\u00a0 The upside target levels range from $30,000 to $32,435.\u00a0 Top to bottom, The Fibonacci price modeling system is suggesting a total volatility range of over $16,000 for the YM Weekly chart and this usually suggests we are about to enter a period of bigger price rotation and much higher price volatility.<\/p>\n

\"\"<\/p>\n

 <\/p>\n

Right now, we suggest that you review some of our most recent posts to see how we\u2019ve been calling these market moves, visit www.TheTechnicalTraders.com\/FreeResearch\/<\/a>.\u00a0 It is important for all of our followers to understand the risks of being complacent right now.\u00a0 The markets are about to enter a period of about 24+ months where incredible opportunities will become evident for skilled traders. If you know what is going to happen, you can find opportunities everywhere.\u00a0 If not, you are going to be on the wrong side of some very big moves.<\/p>\n

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

By TheTechnicalTraders.com Now that most of the US Major Indexes have breached new all-time price highs, which we called over 5+ months ago, and many traders are starting to become concerned about how and where the markets may find resistance or begin to top, we are going to try to paint a very clear picture […]<\/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-146753","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/146753","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=146753"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/146753\/revisions"}],"predecessor-version":[{"id":146754,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/146753\/revisions\/146754"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=146753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=146753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=146753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}