{"id":153797,"date":"2019-08-19T11:15:40","date_gmt":"2019-08-19T15:15:40","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=153797"},"modified":"2019-08-19T07:52:40","modified_gmt":"2019-08-19T11:52:40","slug":"august-19-turn-date-are-you-ready","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/august-19-turn-date-are-you-ready\/","title":{"rendered":"August 19 Turn Date \u2013 Are You Ready?"},"content":{"rendered":"
August 19, 2019<\/div>
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By TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n

Our August 19 breakdown prediction from months ago has really taken root with many of our followers and readers.\u00a0 We\u2019ve been getting emails and messages from hundreds of our followers asking for updates regarding this prediction.\u00a0 Well, here is the last update before the August 19th<\/sup> date (tomorrow) and we hope you have been taking our research to heart.<\/p>\n

First, we believe the August 19 breakdown date will be the start of something that could last for more than 5 to 12+ months.\u00a0 So, please understand that our predicted date is not a make-or-break type of scenario for traders.\u00a0 It means that we believe this date, based on our cycle research, will become a critical inflection point in price that may lead to bigger price swings, more volatility and some type of market breakdown event.\u00a0 Thus, if you have already prepared for this event \u2013 perfect.\u00a0 If this is the first time you are reading about our August 19 breakdown prediction, then we suggest you take a bit of time to review the following research posts.<\/p>\n

August 12, 2019:<\/strong> AUGUST 19 (CRAZY IVAN) EVENT ONLY A FEW DAYS AWAY<\/a><\/strong><\/p>\n

August 7, 2019: OUR CUSTOM INDEX CHARTS SUGGEST THE MARKETS ARE IN FOR A WILD RIDE<\/a><\/strong><\/p>\n

July 30, 2019:<\/strong> AUGUST 19 PRICE PEAK PREDICTION IS CONFIRMED BY OUR ADL PREDICTIVE SYSTEM<\/a><\/strong><\/p>

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July 13, 2019:<\/strong> MID-AUGUST IS A CRITICAL TURNING POINT FOR US STOCKS<\/a><\/strong><\/p>\n

Originally, our research team identified July 2019 as a market top potential back in April\/May 2019.\u00a0 Later, our research team updated our analysis to include the August 19 breakdown date prediction based on our advanced predictive modeling tools and cycle analysis tools.\u00a0 This became a critical event in the minds of our research team because it aligned with much of our other predictive research and aligned perfectly with what we were seeing in the charts as we neared the Summer.<\/p>\n

The top prediction for July 2019 by our research team became true as we entered early August.\u00a0 This confirmation of our research and prediction back in April\/May helped to solidify our belief that our August 19th<\/sup> breakdown prediction would likely become valid as well.\u00a0 Whenever we make a prediction many months in advance, one has to understand that we are using our predictive analysis tools to suggest what price \u201cwants\u201d to try to do in the future.\u00a0 External events can alter the price level by many factors to create what we call a \u201cprice anomaly\u201d.\u00a0 When the external events and price predictive outcomes align as they have been doing over the past 4+ months, it lends quite a bit of credibility to our earlier predictive research.<\/p>\n

In other words, we couldn\u2019t be happier that our research team has been able to deliver incredible insight and analysis regarding the global markets and how the price will react over the past 4+ months.\u00a0 This is something no other investment research firm on the planet is capable of doing with any degree of accuracy right now.\u00a0 In fact, it is amazing to us that we\u2019ll read some research post by a multi-national investment firm that may suggest something now that we\u2019ve alerted our followers to 90 days earlier.<\/p>\n

Now, onto some new details about the August 19th<\/sup> breakdown event\u2026<\/h3>\n

First, be very cautious about investing in Cryptos throughout this event.\u00a0 The initial move, if our research continues to play out, maybe an upside rally in BitCoin based on fear as the global markets start a breakdown process.\u00a0 But we believe this move in Cryptos will be very short-lived as our current research suggests central banks, governments, and other institutions are getting ready to pounce on unregulated Crypto Currencies.\u00a0 It is our belief that the breakdown event will possibly push Bitcoin higher on a \u201cmove to safety\u201d rotation.\u00a0 But once Bitcoin investors understand that governments and institutions are targeting these digital currency exchanges as criminal enterprises that threaten central banks and that there is no real safety in putting capital into a digital enterprise that can be shut down in minutes, we believe a rush to the exits will begin to take place.<\/p>\n

We believe the shift to real physical assets will take place as a shift in asset valuations continues to take place.\u00a0 We believe the downside risk in Bitcoin is currently at least 30 to 40% from current values.\u00a0 Our initial downside target is a level near $5570 for Bitcoin with potential for price support near $7900.<\/p>\n

Daily Bitcoin Chart<\/h3>\n

This Daily Bitcoin chart highlights arrows that we drew in mid-July based on our expectations for future price rotation.\u00a0 You can see that price, for the most part, followed our expectations and stayed within the Fibonacci price channel, near the lower price levels, while navigating the MAGENTA Fibonacci price amplitude arc (across the tops in price) as it moved towards our August 19th<\/sup> breakdown date.\u00a0 It is critical to understand that price will attempt to either establish new price highs or new price lows based on Fibonacci price theory.\u00a0 It is our belief that an upside rally towards the $11,300 level will be the \u201clast rally\u201d before a breakdown price trend pushes Bitcoin much lower.\u00a0 This is likely the reaction of the \u201cflight to safety\u201d that we suggested earlier.<\/p>\n

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Weekly Bitcoin Chart<\/h3>\n

This Weekly Bitcoin chart provides a broader picture of the same event and how it will likely play out in the near future.\u00a0 Remember, initially, global investors will attempt to pike into anything that is quick, easy and efficient to protect against perceived capital risks.\u00a0 We are certain that some investors will attempt to pile into Cryptos as the breakdown event starts.\u00a0 The question is, will this transition of capital stay safe long enough for investors to capitalize on the move?\u00a0 We don\u2019t believe so based on our research.<\/p>\n

If the price of Cryptos breaks through that Magenta Fibonacci price amplitude arc and initiates a move to new higher highs, then we\u2019ll have to rethink our analysis.\u00a0 But for right now, we are sticking to our belief that Cryptos will see an impulse rally that will quickly be followed by a breakdown event (likely the result of some government intervention or broader risk event).<\/p>\n

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Weekly S&P 500 Chart<\/h3>\n

This Weekly S&P 500 chart highlights what we believe is the most likely immediate price trend related to the October 2018 price decline.\u00a0 If a downside price move does initiate as we expect because of the August 19 breakdown inflection point, we believe the S&P will target immediate support above $2400.\u00a0 If you\u2019ve followed any of our research, you already understand we believe the move dynamic economies on the planet are uniquely situated to actually benefit from this downside price event.\u00a0 Therefore, we must understand that a \u201cprice exploration event\u201d, like this, is a mechanism for investors to seek out true value levels for global assets.\u00a0 All major price corrections are, in essence, a process of seeking out price levels where investors believe \u201ctrue value\u201d exists.<\/p>\n

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NASDAQ Weekly Transportation Index<\/h3>\n

The NASDAQ Transportation Index paints a very clear picture for our research team.\u00a0 In fact, we find the TRAN particularly useful in our research of the global and US markets.\u00a0 Even though we follow dozens of symbols and instruments, one of our key objectives is to attempt to validate our analysis across multiple instruments\/charts and to attempt to identify faults in our expected outcomes.<\/p>\n

The recent downside price move in the TRAN aligns perfectly with our August 19 breakdown expectation.\u00a0 It is very likely that some news or pricing event over the next 7+ days pushes the TRAN below the RED price channel and downward towards the middle Standard Deviation level near $3900.\u00a0 Once the TRAN breaks the RED support level, you should expect the US and global markets to also begin a broader move lower.<\/p>\n

Ideally, the $3500 level should operate as a moderately hard price floor for this downside move.\u00a0 $3900 would be considered the initial target of the downside price move whereas $3500 would be considered the initial \u201chard floor\u201d support level.\u00a0 Given these expectations, we have to consider the potential for a -15% to -25% initial downside price move in TRAN which would translate into a -18% to -35% downside price move in the S&P or NASDAQ.<\/p>\n

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CONCLUDING THOUGHTS:<\/h3>\n

In closing, August 19th<\/sup> is tomorrow (Monday).\u00a0 This is where we\u2019ll find out if our prediction will be viewed in the future as accurate or not.\u00a0 The one thing about making public predictions for many months in advance is that you can\u2019t go back and try to lie to your followers\/readers.\u00a0 Either it works out as we suggested or it does not.\u00a0 We believe in the skills of our research team and predictive modeling systems.\u00a0 We\u2019ve seen how accurate they have been in the past and we believe we\u2019ve delivered top-tier analysis to all of our followers and readers.\u00a0 In fact, we know you can\u2019t find anything like this type of research from other investment or research firms.<\/p>\n

Over the next 10 to 30+ days, we\u2019ll be able to look back at our August 19th<\/sup> prediction and say \u201cwe were right\u201d or \u201cwe were wrong\u201d \u2013 that is part of trading, folks.\u00a0 You use your best tools to make an educated assessment of current and future expectations, then act on it (if you want).\u00a0 We\u2019ll follow up on the other side of August 19th<\/sup> with all of you.<\/p>\n

Stay fluid as this event plays out, and most importantly, know that we don\u2019t blindly trade on predictions, we use our short-term technical analysis and current market trends to enter and exit trades. The reality is, no matter if the markets roll over and crash or rocket higher, we will follow and trade with the market. The best thing about being technical traders is we don\u2019t care which way the markets go. We just analyze and trade with the current market trend and make money in both directions and at the drop of a hat!.<\/p>\n

If you want to trade and invest without the stress of a pending market collapse or missing out on another extended rally to new highs then join my Wealth Building Newsletter<\/strong> today and copy my proven technical trading setups and trade with me!<\/p>\n

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

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

By TheTechnicalTraders.com Our August 19 breakdown prediction from months ago has really taken root with many of our followers and readers.\u00a0 We\u2019ve been getting emails and messages from hundreds of our followers asking for updates regarding this prediction.\u00a0 Well, here is the last update before the August 19th date (tomorrow) and we hope you have […]<\/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-153797","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/153797","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=153797"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/153797\/revisions"}],"predecessor-version":[{"id":153798,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/153797\/revisions\/153798"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=153797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=153797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=153797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}