The US Stock market rallied on Friday, October 25, on TESLA earnings crushing expectations as well as news that any positive US trade deal outcomes could see almost immediate removal of future tariffs that are scheduled to be implemented near the end of October. This was enough for the markets to rally...
Posted to
Technical Traders Ltd.
by
Chris Vermeulen
on
10-29-2019
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Filed under: silver, gold, market, technical, Stock, ADL, US, metals, precious, trade, flag, formation, high, TTL, super-cycle, tesla, cautious [Edit Tags]
We’ve been writing about the broader US stock market for many months – highlighting the Pennant/Flag formations that have continued to set up since early 2018. Sometimes, the keys to really understanding what is transpiring behind the scenes in the US markets is to pay attention to various...
Our research team has been all over this longer-term Pennant/Flag setup and the potential for the breakdown in the US/Global markets. The US manufacturing data released today confirmed what we believed would be the outcome of the extended trade issues between the US and China – a moderate slowdown...
We continue to alert our followers of the extended Wedge (Flag or Pennant) formation that has setup over the past 16+ months in most of the US major indexes. The reason these are so important for skilled technical traders is because the Apex of these formations typically result in a violent price move...
Posted to
Technical Traders Ltd.
by
Chris Vermeulen
on
09-24-2019
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Filed under: forecast, market, technical, analysis, Stock, pennant, flag, equities, formation, TTL, super-cycle, wedge, apex [Edit Tags]
I believe the outcome of the past 6+ months with regards to global trade, currency devaluations, and consumer sentiment will result in weaker US earnings in Q2 than at any time over the past 3+ years. We believe US stocks, after recently breaching key psychological price levels ($300 SPY and $3000 ES...
Posted to
Technical Traders Ltd.
by
Chris Vermeulen
on
07-15-2019
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Filed under: spy, market, technical, analysis, Stock, es, pennant, flag, formation, earnings, surprise, q2 [Edit Tags]
We believe a unique Pennant/Flag formation is setting up in the US stock markets. We believe the Small Cap sector may provide a better technical reference to the price breakout we are expecting in late August or early September than the mid or large-cap sectors. The charts tell a very interesting story...
Posted to
Technical Traders Ltd.
by
Chris Vermeulen
on
06-20-2019
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Filed under: spy, tna, market, technical, analysis, Stock, US, rally, caps, pennant, flag, formation, breakout, highlights, small [Edit Tags]
After an incredible 7+week rally in Bitcoin, from $3700 to above $8000, the current price action is setting up for what may become an extended Pennant/Flag formation with quite a bit of sideways trading ahead. Our researchers believe the past 7+ weeks rally in Bitcoin was prompted by a shift away from...
Posted to
Technical Traders Ltd.
by
Chris Vermeulen
on
05-27-2019
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Filed under: bitcoin, China, US, rally, trade, btc, trump, sideways, pennant, xrp, talks, flag, eth [Edit Tags]