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Assessments / Blog 2019-01-30 US EQUITY MARKET RECOVERY HINGES ON THE NEXT MOVE
The research team, at The Technical Trades Ltd., has been calling this market move quite accurately. We made predictions on September 17, 2018, that called for a -5~8% downside market rotation, followed by price support just before the November 2018 US elections. After that, we called for a deep “Ultimate Low” price rotation to setup followed by a strong price rally. Even though we under-estimated the ultimate low-price rotation which was much deeper, our trend predictions from 120 days earlier are playing out quite accurately. Currently, we are writing this message to all our followers to inform them that the Feb 1 Jobs report, as well as other critical earnings and economic data, are the “unknown factors” that have stalled this upside market move. At this time, it is our belief that capital has already started re-entering the US stock market and that a good portion of these investors are waiting for further evidence that a resurgence of price appreciation will continue without any new crisis events unfolding. Our September 17, 2018 analysis suggested that the US markets would find support after a “revaluation event” and continue an upward price bias. As this point, we believe we have reached the “momentum launchpad”. |
