{"id":150700,"date":"2019-07-01T14:02:02","date_gmt":"2019-07-01T18:02:02","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=150700"},"modified":"2019-07-01T13:30:39","modified_gmt":"2019-07-01T17:30:39","slug":"g20-news-drive-big-moves-in-the-markets","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/07\/g20-news-drive-big-moves-in-the-markets\/","title":{"rendered":"G20 News Drive Big Moves In The Markets"},"content":{"rendered":"
July 1, 2019<\/div>
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By TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n

This past weekend was full of exciting news and information.\u00a0 Combine this with the strong US economic activity, the potential for some type of reprieve in the US\/China trade issues and the historic meeting in North Korea between President Trump<\/a> and Kim Jun Un, and the markets were set up for a big move at the open of trading in Tokyo.<\/p>\n

The other big news originated from the Bank of International Settlements (BIS<\/a>).\u00a0 This Swiss-based central banking committee for \u201ccentral banks\u201d released an annual report on the progress of global central banks and the global economy last weekend.\u00a0 They urged central banks not to chase easy money policies any longer and to focus on core policy changes, practical economic practices, and real leadership to help drive future growth.\u00a0 They urged nations that easy money policies may help to show some types of immediate economic improvements \u2013 but that the risks of continuing such policies and lack of true economic reforms do nothing but pack risk into the back end of these efforts.<\/p>\n

Recently we have been talking about the unit and very different opportunities in other assets like real estate<\/strong><\/a> and precious metals. Each metal is\u00a0unique for market timing<\/strong><\/a>\u00a0has its own personality.\u00a0Our gold predictions are an eye-opener<\/strong><\/a>, why\u00a0silver is awesome<\/strong><\/a>, and our most recent\u00a0analysis on platinum<\/strong><\/a>\u00a0is timely.<\/p>\n

Our opinion is the US stock market is poised for a big move based on this news and continued economic activity.\u00a0 If the US is able to settle trade issues in a manner that supports a strong future economic output and restore some balance to foreign trade, as well as continue to produce strong economic activity and output levels throughout the last 6+ months of this year, we could see a very strong price rally setting up into the end of 2019.\u00a0 This could prompt a big move to the upside IF all things line up properly as we have suggested.<\/p>\n

If things take an ugly turn over the next 2 to 4+ months, then we believe current support levels will likely act as a floor in the US stock market as the global economies struggle to find their \u201claunch button\u201d to jump-start their economies. \u00a0As the news stated, the economic factors of the globe are in a transitional state at the moment.\u00a0 The US is the leading global economic engine and many other foreign economies must transition away from easy money policies and make hard choices to drive future growth.\u00a0 Volatility will be KING over the next few months\/years and the US Dollar will likely continue to strengthen as this transition plays out.<\/p>

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This ES chart highlights the resistance levels just below $3000 that we are watching as a critical ceiling in the ES.\u00a0 As we have suggested, the news last weekend is driving upward price activity into this resistance area.\u00a0 Traders should be cautiously bullish right now and should be keenly aware of risks that could prompt a breakdown in price.\u00a0 Current support is near $2700.<\/p>\n

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Technology could be a huge winner if the US\/China restore proper trade relations and establish a stronger future economic tie going forward.\u00a0 In fact, the relief of a US\/China trade deal could easily spill over into the DOW and Mid-Cap stocks as general trade and infrastructure deals will likely ramp-up quickly.\u00a0 Our researchers believe the technology sector is the \u201ccanary in the coal mine\u201d for the future of price related to trade and global economic activities.\u00a0 We believe the technology sector is unfairly weighted in either direction based on the uncertainty of the global economy right now.<\/p>\n

Resistance near $8000 is key.\u00a0 Support near $6800 is also very important.\u00a0 This leaves a $1400 range for price rotation within critical levels.\u00a0 Our Fibonacci price modeling system is suggesting even bigger price volatility ranges totaling over $3000 between target levels.\u00a0 This suggests that volatility is still increasing and that traders should understand the risks of this volatility.\u00a0 Currently, we are cautiously bullish as the NQ attempt to breach into new all-time high territory again.<\/p>\n

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Gold paused in the rally early in trading today, breaking back below $1400.\u00a0 We have confidence in out research that Gold will continue to react to the Fear & Greed that is rampant throughout the globe at the moment and begin another upside move over the next 10+ days.\u00a0 This move below $1400 is an excellent opportunity for traders to identify new Long entry positions for the future upside move.<\/p>\n

Remember, the transition that is required over the next 2+ years will require many difficult decisions and a means of transitioning away from easy money policies towards more practical economic policies.\u00a0 This will not be an easy task for many.\u00a0 The fear\/greed cycle will show up in precious metals early and quickly.\u00a0 The next upside move should be towards levels above $1550 to $1650.<\/p>\n

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As we\u2019ve been saying for many months, this is the time to be a skilled trader.\u00a0 These volatility spikes, huge moves in the markets and incredible trade setups are fantastic opportunities for traders.\u00a0 Join us in picking apart these moves, setups, and opportunities.<\/p>\n

CONCLUDING THOUGHTS:<\/h3>\n

I can tell you that huge moves are about to start unfolding not only in real estate, but metals, stocks, and currencies. Some of these super cycles are going to last years. Brad Matheny goes into great detail with his simple to understand charts and guide about this. His financial market research is one of a kind and a real eye-opener. PDF guide:\u00a02020 Cycles \u2013 The Greatest Opportunity Of Your Lifetime<\/strong><\/a><\/p>\n

As a technical analysis and trader since 1997, I have been through a few bull\/bear market cycles. I believe I have a good pulse on the market and timing key turning points for both short-term swing trading and long-term investment capital. The opportunities are massive\/life-changing if handled properly.<\/p>\n

I urge you to visit my\u00a0Wealth Building Newsletter<\/strong>\u00a0and if you like what I offer, join me with the 1 or 2-year subscription to lock in the lowest rate possible, get a\u00a0FREE BAR OF GOLD<\/a><\/strong>\u00a0and\u00a0ride my coattails as I navigate these financial markets and build wealth while others lose nearly everything they own during the next set of crisis\u2019.<\/em><\/strong><\/p>\n

Chris Vermeulen<\/p>\n

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

By TheTechnicalTraders.com This past weekend was full of exciting news and information.\u00a0 Combine this with the strong US economic activity, the potential for some type of reprieve in the US\/China trade issues and the historic meeting in North Korea between President Trump and Kim Jun Un, and the markets were set up for a big […]<\/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-150700","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/150700","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=150700"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/150700\/revisions"}],"predecessor-version":[{"id":150701,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/150700\/revisions\/150701"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=150700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=150700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=150700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}