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2019-02-17
HERE WE GO – GET READY FOR THE BREAKOUT PATTERN SETUP


We are writing this post today with a few forward-looking expectations while attempting to warn traders that some extended rotation is likely to enter the markets over the next 30+ days.  If you’ve been following our research, you’ll know that we’ve been calling these move months in advance of other researchers and analysts.  Our September 17, 2018 research post highlighting our Adaptive Dynamic Learning predictive modeling system suggested the US stock markets were poised for a massive price rotation followed by a very unique price setup that we are experiencing now.

Currently, the YM (Dow Futures Contracts) are leading the pack on a dramatic upside breakout move.  This is likely a result of the US government spending bill that is recently working its way towards approval and the fact that this new spending bill clears the way for at least 8+ months of uninterrupted market optimism (or at least we hope).  This 300+ point upside move clearly breaks price highs and puts the US stock market, at least the Dow/Blue-Chips, back into “new high trending mode”.  As many of you are likely aware, our Fibonacci price study teaches us that price must ALWAYS seek to establish new price highs or new price lows AT ALL TIMES.  Thus, these new price highs are a very strong indication that the upside trend is dominant and should continue for a while.

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