{"id":151489,"date":"2019-07-13T16:30:41","date_gmt":"2019-07-13T20:30:41","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=151489"},"modified":"2019-07-13T13:13:21","modified_gmt":"2019-07-13T17:13:21","slug":"mid-august-is-a-critical-turning-point-for-us-stocks","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/07\/mid-august-is-a-critical-turning-point-for-us-stocks\/","title":{"rendered":"Mid-August Is A Critical Turning Point For US Stocks"},"content":{"rendered":"
July 13, 2019<\/div>
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By TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n

Our cycle and predictive modeling solutions have been suggesting that Mid-August 2019 will likely prompt a major inflection point in the US stock markets and we have been attempting to warn our followers about this for months.\u00a0 Our continued efforts to identify this big breakdown price move in term of timing and expected range have led us to believe the outcome could be at least a -10% to -13% downside price collapse \u2013 possibly larger.<\/p>\n

Post 1:<\/strong> NEXT BULL AND BEAR MARKETS ARE NOW SET UP <\/a><\/em><\/strong><\/p>\n

Post 2: TECHNICALS SHOWS AUG\/SEPT MARKET TOP PATTERN SHOULD FORM<\/a><\/em><\/strong><\/p>\n

Our research team now believes that August 19 (+\/- 5 days) will likely be the critical price inflection point\/price apex that we have been searching for.\u00a0 Our cycle and other predictive modeling tools are suggesting that this date will become critical for the markets future price trends and current support\/resistance levels.\u00a0 We believe that some type of new event or price event will take place sometime between August 14 and August 19 and that this event will lead to a new bearish price trend setup to break current support levels as well as begin a downside price move that should attempt a minim of -10% to -13% before attempting to find support.<\/p>\n

This VIX Weekly chart highlights our expectations with regards future VIX activity and the initiation of the VIX SPIKE that will coincide with our expectations of a price collapse in the US stock market.\u00a0 We believe the VIX level will continue to move moderately higher over the next two to three weeks before the August 19 date \u2013 possibly as high as 16 to 18.\u00a0 We believe the VIX will begin the spike move from levels near 14 to 16 (just before August 19).<\/p>

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This TRAN weekly chart clearly shows the Pennant formation (BLUE LINES) and the critical price support channel (Upward sloping RED LINE) that we believe are critical to the future outcome of this breakdown price move setup happening on August 19, 2019.<\/p>\n

First, the price must attempt to reach the Apex of the Pennant formation, then attempt a breakout\/breakdown move.\u00a0 We believe the breakdown move is the higher probability outcome of this Pennant formation based on technical and price pattern details.<\/p>\n

Once the breakdown move begins, price support near the price channel (RED LINE) will become critical as a future support level.\u00a0 If that level is broken, then we believe the TRAN may attempt to fall to levels near the middle of the Standard Deviation price channel range \u2013 near $4000.<\/p>\n

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This DIA Weekly chart shows a similar price pattern, although the Pennant formation is a bit harder to see.\u00a0 The Pennant formation on this DIA chart is set up across the Double Top price level, near $269.50, and the upward sloping price channel line (RED LINE).\u00a0 The 2018 deep price low sets up \u201cleg 1\u201d and we believe we have completed \u201cleg 4\u201d of this Pennant formation already.\u00a0 This leads us to believe the Double Top formation in conjunction with our other research components suggests the markets are currently setting up for a sideways\/rounded top formation over the next 20 to 30+ days before beginning a moderate breakdown price move headed into August 19, 2019.<\/p>\n

We believe there is a strong possibility that the key psychological levels ($300 SPY, $3000 ES and $30k INDU) are likely to be breached throughout this Q2 earnings season.\u00a0 We believe that key psychological price level may be the \u201ctrigger point\u201d for an immediate price reversal and the beginning of the setup for our expected August 19 price collapse.<\/p>\n

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We urge traders to understand the risks that are currently prevalent in the markets as prices continue to trade near all-time highs.\u00a0 Our suggestion would be to pull 40% to 60% off the top right now (or at least before early August) in preparation for this next price rotation.<\/p>\n

Watch the US Dollar, Gold, Oil and the Transportation Index for signs of weakness that may erode price support before the August 19th<\/sup> date.<\/p>\n

Be prepared for these incredible price swings before they happen and learn how you can identify and trade these fantastic trading opportunities in 2019, 2020, and beyond with our \u00a0Wealth Building & Global Financial Reset Newsletter<\/strong>.\u00a0 You won\u2019t want to miss this big move, folks.\u00a0 As you can see from our research, everything has been setting up for this move for many months \u2013 most traders\/investors have simply not been looking for it.<\/p>\n

Join me with a 1 or 2-year subscription to lock in the lowest rate possible and ride my coattails as I navigate these financial market and build wealth while others lose nearly everything they own during the next financial crisis. Join Now and Get a 1oz Silver Round or Gold Bar Shipped To You Free.<\/p>\n

I can tell you that huge moves are about to start unfolding not only in currencies, metals, or stocks but globally and some of these supercycles are going to last years. A gentleman by the name of 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.\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\u2019M GIVING AWAY \u2013 FREE GOLD & SILVER WITH MEMBERSHIPS<\/strong><\/p>\n

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SUBSCRIBE -> FREE GOLD or SILVER-> WINNING TRADE SIGNALS<\/strong><\/a><\/p>\n

Chris Vermeulen \u2013\u00a0 TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n

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

By TheTechnicalTraders.com Our cycle and predictive modeling solutions have been suggesting that Mid-August 2019 will likely prompt a major inflection point in the US stock markets and we have been attempting to warn our followers about this for months.\u00a0 Our continued efforts to identify this big breakdown price move in term of timing and expected […]<\/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-151489","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151489","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=151489"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151489\/revisions"}],"predecessor-version":[{"id":151490,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151489\/revisions\/151490"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=151489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=151489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=151489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}