{"id":148521,"date":"2019-05-27T20:51:17","date_gmt":"2019-05-28T00:51:17","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=148521"},"modified":"2019-05-27T20:51:17","modified_gmt":"2019-05-28T00:51:17","slug":"us-memorial-day-weekend-market-analysis","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/05\/us-memorial-day-weekend-market-analysis\/","title":{"rendered":"US Memorial Day Weekend Market Analysis"},"content":{"rendered":"
May 27, 2019<\/div>
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By TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n

The US Memorial Day weekend is set up to become a very interesting time for investors.\u00a0 The EU voting is complete and the change in EU leadership may move the markets a bit.\u00a0 China appears to be playing a waiting game \u2013 attempting to hold the US\/Trump at bay until after the 2020 US elections.\u00a0 This week is certain to be very interesting for traders\/investors.<\/p>\n

The European stocks moved higher in trading on Monday as the relief from the EU election event<\/a> and support for auto shares pushed the markets higher. The transition in the EU over the next few months will solidify into a political and social agenda.\u00a0 The EU leadership must acknowledge these future objectives of all parties in order to maintain some level of calm.\u00a0 It is evident that many EU nations are relatively satisfied with the current leadership while others are transitioning into more centrist leadership.\u00a0 The next 4+ years will be full of further transition in the EU.<\/p>\n

China is another global issue that is relatively unsettled.\u00a0 We\u2019ve been doing some research with regards to China and the potential future political and economic pathways that may become evident in the near-term future.\u00a0 Our biggest concern is that China has been inflating their economic levels for decades and the true scope of the Chinese economy may be much weaker than everyone expects<\/a>.\u00a0 If our suspicions are correct and China has been inflating economic levels for many years, then the transition to a consumer\/services-driven economy may be dramatically over-inflated and the US\/China trade issues could be biting much harder than the Chinese want to admit.<\/p>\n

The \u201cSell in May and go away\u201d market saying may become absolute truth in 2019.\u00a0 Our expectations are still suggesting that an attempt at new market highs may take place before August 2019, but the current market rotation (lower) is setting up a very strong potential for further downside price action at the moment.\u00a0 Our proprietary Fibonacci price modeling system is suggesting the $7294 level in the NQ is key support.\u00a0 Below this level, the NQ could break much lower and potentially target $6850 or lower.<\/p>\n

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The YM is setting up a similar price pattern with resistance near 25,840.\u00a0 We believe this resistance will push prices lower as we move further into early June.\u00a0 The potential for some type of surprise economic data or Fed\/Global market move after this weekend is somewhat higher than expected.\u00a0 There is a lot of shifting taking place throughout the globe and we believe this turbulence will reflect in the US market soon enough.<\/p>

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As of right now, our expectations are that a brief upside price rally will take place over the next 4~7+ days before a continued downside price trend may become evident.\u00a0 Pay attention to the news cycles for key elements that could drive the US stock market lower.\u00a0 We will continue to update you with regards to our proprietary research and expectations.\u00a0 The next 7+ days will likely be nothing but sideways price rotation within a Pennant\/Flag formation.<\/p>\n

Read our research to understand how this setup coincides with the GOLD price setup and why it is important to understand why July 2019 is so important.\u00a0 Please take a minute to review these recent research posts that focus more on the US Dollar and Gold<\/a>, and also the July turning point for US Stocks<\/a>.<\/p>\n

4 DAYS LEFT TO GET YOUR FREE SILVER ROUNDS WITH SUBSCRIPTION!<\/strong><\/p>\n

We continue to see money flow into the safe-haven assets like the Utility sector, bonds, and most importantly precious metals. I anticipated this and our XLU utilities ETF taken with members for 4.4% already, and our VIX ETF trade we closed for a 25% last week.<\/p>\n

For May I am going to give away and ship out silver rounds to anyone who buys a 1-year, or 2-year subscription to my Wealth Trading Newsletter. You can upgrade to\u00a0this longer-term subscription or if you are new, join one of these two plans listed below, and you will receive:<\/p>\n

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SUBSCRIBE TO MY TRADE ALERTS AND GET YOUR FREE SILVER ROUNDS!<\/a><\/strong><\/p>\n

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

By TheTechnicalTraders.com The US Memorial Day weekend is set up to become a very interesting time for investors.\u00a0 The EU voting is complete and the change in EU leadership may move the markets a bit.\u00a0 China appears to be playing a waiting game \u2013 attempting to hold the US\/Trump at bay until after the 2020 […]<\/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-148521","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148521","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=148521"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148521\/revisions"}],"predecessor-version":[{"id":148522,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148521\/revisions\/148522"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=148521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=148521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=148521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}