{"id":152829,"date":"2019-08-04T10:21:00","date_gmt":"2019-08-04T14:21:00","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=152829"},"modified":"2019-08-04T08:23:22","modified_gmt":"2019-08-04T12:23:22","slug":"is-this-the-start-of-the-next-bear-market","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/is-this-the-start-of-the-next-bear-market\/","title":{"rendered":"Is This The Start Of The Next Bear Market?"},"content":{"rendered":"
August 4, 2019<\/div>
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By TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n

Over the past few days, we\u2019ve received hundreds of emails from our followers and members asking if this is the big breakdown that everyone has been expecting in the markets.\u00a0 Yes, we\u2019ve warned that it will likely happen before the end of 2019, but we\u2019ve also been very clear that we believe an August 19, 2019 price peak will setup this move and our recent research suggest the NQ will rally to levels above 8200 before this peak in the US market sets up.\u00a0 So, in order to help our members and followers understand what we believe is actually happening in the markets, we\u2019ve put together this research post to help everyone better prepare for the next few weeks and months.<\/p>\n

First things first, the foundation of Fibonacci price theory is that price will always attempt to seek out new price highs or new price lows \u2013 ALWAYS.\u00a0 Many of the US major indexes have recently established new price highs in early July 2019.\u00a0 Think of this as a fundamental element in price structure when attempting to apply Fibonacci price theory.<\/p>\n

When any chart establishes a new price high (a high price that is above the previous rotational peak level in price), the trend is established as BULLISH and we would immediately expect, at some future time, that price will rotate lower attempting to validate that new price high or attempt to reach a new price low.\u00a0 At certain times, external news can create \u201cprice over-reaction\u201d events within the scope of price volatility.\u00a0 I\u2019m certain many of you have experienced these types of expanded price ranges that turn into a \u201cwash-out\u201d type of wide-range rotations in the markets.<\/p>\n

The combination of the US Fed and the US\/China trade talk failures, as well as the rally in Gold, Silver and the US Dollar, are all acting to create a hyper-active rotation in the markets with larger volatility.<\/p>\n

We suggest that everyone read these earlier research posts to better understand what is really happening in the markets right now :<\/p>

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July 30, 2019: August 19 Market Top Prediction<\/strong><\/a><\/p>\n

July 31, 2019: US Fed is rattling the global markets \u2013 Part II<\/strong><\/a><\/p>\n

It is our opinion that the US Fed announcement followed immediately by the US\/China trade talk failure created a \u201chyper-active\u201d price rotation event that will likely turn into a short-term buying opportunity.\u00a0 Our Adaptive Dynamic Learning (ADL) predictive modeling system is suggesting the NQ will attempt to target levels above 8200 before the August 19, 2019 peak sets up.\u00a0 Therefore, it is still our belief that the markets are setting up a unique \u201cprice anomaly\u201d with this current downside price rotation and that a move higher is in the works before the bigger downside price rotation actually begins.<\/p>\n

This Daily NQ chart highlights the support level near 7600 that was set up by the June 2019 price rotation.\u00a0 Yes, the price has moved lower into this zone, but we believe this zone will act as a moderate support level and that price will rotate higher early in the week of August 5, 2019.<\/p>\n

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This Weekly NQ chart highlights our Fibonacci price modeling system and shows the \u201cCritical Support\u201d level from the October 2018 highs as well as the Bullish\/Bearish trigger levels (the RED\/GREEN lines near the right edge of the chart) that constitute confirmed price rotations.\u00a0 At this time, the current BEARISH trigger levels are near 7540 and the NQ is still 140 points above this level.<\/p>\n

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NEXT MOVES FOR GOLD, SILVER, MINERS, AND S&P 500<\/h3>\n

In early June I posted a detailed video explaining in showing the bottoming formation and gold and where to spot the breakout level, I also talked about crude oil reaching it upside target after a double bottom, and I called short term top in the SP 500 index. This was one of my premarket videos for members it gives you a good taste of what you can expect each and every morning before the Opening Bell.\u00a0Watch Video Here<\/a>.<\/strong><\/p>\n

I then posted a detailed report talking about where the next bull and bear markets are and how to identify them. This report focused mainly on the SP 500 index and the gold miners index. My charts compared the 2008 market top and bear market along with the 2019 market prices today.\u00a0See Comparison Charts Here.<\/a><\/strong><\/p>\n

On June 26th<\/sup>\u00a0I posted that silver was likely to pause for a week or two before it took another run up on June 26. This played out perfectly as well and silver is now head up to our first key price target of $17.\u00a0See Silver Price Cycle and Analysis<\/a><\/strong>.<\/p>\n

More recently on July 16th,<\/sup>\u00a0I warned that the next financial crisis (bear market) was scary close, possibly just a couple weeks away. The charts I posted will make you really start to worry.\u00a0See Scary Bear Market Setup Charts.<\/a><\/strong><\/p>\n

CONCLUDING THOUGHTS:<\/strong><\/h3>\n

We believe this current downside price move is setting up to become an over-reaction price swing that will likely result in a very short-term buying opportunity for skilled technical traders.\u00a0 Failure to reach levels below 7400 on the NQ would be a very strong indication that this is a \u201cfailed new price low rotation\u201d on the Weekly chart.\u00a0 And, as Fibonacci price theory suggests, price must always attempt to establish a new price high or new price low \u2013 at all times.\u00a0 Thus, a failure to establish a new price low on this weekly chart would mean it MUST rotate higher to attempt to establish a new price high.\u00a0 8200+, here we come.<\/p>\n

In short, you should be starting to get a feel of where each commodity and asset class is headed for the next 8+ months. The next step is knowing when and what to buy and sell as these turning points take place, and this is the hard part. If you want someone to guide you through the next 12-24 months complete with detailed market analysis and trade alerts (entry, targets and exit price levels) join my\u00a0ETF Trading Newsletter.<\/strong><\/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\u00a0our\u00a0\u00a0Wealth Building & Global Financial Reset Newsletter<\/strong>.\u00a0\u00a0<\/strong>You won\u2019t want to miss this big move, folks.\u00a0 As you can see from our research, everything has been set up for this move for many months.<\/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\u00a0these financial market\u00a0and build wealth while others lose nearly everything they own during the next financial crisis.<\/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 starting to present themselves will be life-changing if handled properly.<\/p>\n

FREE GOLD OR SILVER WITH MEMBERSHIP!<\/strong><\/h3>\n
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Kill two birds with one stone and subscribe for two years to get your<\/strong>\u00a0FREE PRECIOUS METAL and get enough trades to profit through the next metals<\/strong>\u00a0bull market and financial crisis!<\/strong><\/p>\n

Chris Vermeulen \u2013\u00a0TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n

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

By TheTechnicalTraders.com Over the past few days, we\u2019ve received hundreds of emails from our followers and members asking if this is the big breakdown that everyone has been expecting in the markets.\u00a0 Yes, we\u2019ve warned that it will likely happen before the end of 2019, but we\u2019ve also been very clear that we believe an […]<\/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-152829","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152829","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=152829"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152829\/revisions"}],"predecessor-version":[{"id":152830,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152829\/revisions\/152830"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=152829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=152829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=152829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}