I do not believe charts anymore. TOO easy to maipulate with stock buy backs and fed print and pump........ HAS NOTHING to do with what really is going on with markets. Without the 2 mentioned, this market would look WAYYYYY different then this induced moonshot. IMHO of course............
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The current setup suggests any potential downside price reversion resulting from this setup we are alerting you to could easily target -12% to -15% on an initial reversion event. Ultimately, the rest of 2020 could result in a very volatile year of price rotation if history teaches us anything.
Remember, this is not a confirmed trading trigger. This is a warning that a price and technical setup is occurring in the markets that may become of real value to you in the immediate future. The combination of these three charts, the SPY, the VIX and the PUT/CALL ratio, should be enough for you to understand there are real risks of a price reversion event setting up in the markets right now. All we need to confirm this setup would be for a broader market breakdown event to begin to take place. Then, we would watch what happens to the SPY near the $295 to $300 level.
Please pay attention to this setup as our researchers believe this could be a much bigger event than many people believe. Our research team believes a price reversion event is essential for the US stock market to continue to climb higher in 2020. Thus, some type of downside price move MUST happen before we can attempt any further upside price advancement.
As a technical analysis and trader since 1997 I have been through a few bull/bear market cycles, 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.
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Chris Vermeulen
www.TheTechnicalTraders.com
http://www.investmentwatchblog.com/chris-vermeulen-january-2018-stock-market-repeat-yikes/
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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