BitcoinShort
SPY/QQQ Plan Your Trade For Feb 4, 2025: Rally Pattern
Today's rally pattern will attempt to provide some relief related to the recent breakdown in the SPY. Overnight, the ES/NQ rallied to FILL THE GAP. So, today, I believe the SPY will attempt to rally back above 600-601, then stall out and consolidate.
Today may be a "GO GOLFING" day in the markets.
I would not advise anyone to get Uber-Long in the markets right now. My research suggests the markets will roll downward near the end of this week - seeking the DEEP-V bottom/base I've predicted near 2-10~2-13.
Gold and Silver should attempt another rally phase over the next 3 to 4 days. I expect metals to continue to rally into this expansion phase, and I'm initially targeting $3200 for gold.
Bitcoin is trapped in a big Excess Phase Peak pattern that I believe will resolve into a breakdown price trend.
The Deep-V and other breakdown patterns, which my cycle research says are pending, will drive Bitcoin downward, possibly targeting the 72k levels again.
Today may be a relatively FLAT type of Rally day. So, play cautiously.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Today may be a "GO GOLFING" day in the markets.
I would not advise anyone to get Uber-Long in the markets right now. My research suggests the markets will roll downward near the end of this week - seeking the DEEP-V bottom/base I've predicted near 2-10~2-13.
Gold and Silver should attempt another rally phase over the next 3 to 4 days. I expect metals to continue to rally into this expansion phase, and I'm initially targeting $3200 for gold.
Bitcoin is trapped in a big Excess Phase Peak pattern that I believe will resolve into a breakdown price trend.
The Deep-V and other breakdown patterns, which my cycle research says are pending, will drive Bitcoin downward, possibly targeting the 72k levels again.
Today may be a relatively FLAT type of Rally day. So, play cautiously.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
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-- More..
Join Ment.Com Expert Growth Today
Get Some.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.