Today's pattern is a Top Resistance pattern.
Usually, these types of patterns reflect a market where price moves higher - attempting to find a peak/resistance level, then rolls downward (confirming that resistance level).
Because of yesterday's strong selling after Trump's Tariff comments, I suggest the peak in today's price activity may be set in very early trading.
We're going to have to watch the charts to see how price reacts to more news and the continued restructuring of global economies.
One thing is obvious: the markets are resettling based on Trump's expectations and tariff comments. I checked out TLT and a few other symbols last night, and it appears the Predator Fed comments I made over the past 12+ months are still holding up very well.
Inadvertently, the US has moved into a position of being the 900 lb gorilla of the global markets.
Higher Fed rates for longer are putting pressure on global currencies and many global economies.
If Trump is able to secure more US manufacturing and a more secure US economy (reducing deficit spending), I can see the next 3+ years being very disruptive for the global markets.
Ultimately, though, building a strong US economy and going through this disruption will lead to explosive growth in 2026 and beyond. You may not see it now, but if we are able to organize our government/finances better going forward - start to think about how powerful that could be for the next 15 to 25+ years.
Next, thank you for all the great comments. Love it.
Gold and Silver are starting to make that recovery rally move after the last 7+ days of selling. This could be a very powerful move to the upside for metals and miners.
Bitcoin is still struggling and will likely stay trapped in a sideways range. that range could be $10k to
13K in size - so stay cautious of wild volatility in BTCUSD if you are trading it.
Again,I want to urge all of you to consider your trading as "taking calculated risks" - not gambling.
I talked to a friend just yesterday, and he told me how I changed his life by helping him to stop the gambling-style of trading he was doing. Once you realize that trading is not about those HUGE WINS (sure they are nice) - but it is about staying agile, getting in and out with decent profits, and growing your account efficiently.
So, I urge you to step back and consider every new trade you take as "how much am I really risking if things go wrong". When you do that, you'll find you can still take the trade, but you'll teach yourself to manage your capital more efficiently.
Ok. Go Get Some!
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Usually, these types of patterns reflect a market where price moves higher - attempting to find a peak/resistance level, then rolls downward (confirming that resistance level).
Because of yesterday's strong selling after Trump's Tariff comments, I suggest the peak in today's price activity may be set in very early trading.
We're going to have to watch the charts to see how price reacts to more news and the continued restructuring of global economies.
One thing is obvious: the markets are resettling based on Trump's expectations and tariff comments. I checked out TLT and a few other symbols last night, and it appears the Predator Fed comments I made over the past 12+ months are still holding up very well.
Inadvertently, the US has moved into a position of being the 900 lb gorilla of the global markets.
Higher Fed rates for longer are putting pressure on global currencies and many global economies.
If Trump is able to secure more US manufacturing and a more secure US economy (reducing deficit spending), I can see the next 3+ years being very disruptive for the global markets.
Ultimately, though, building a strong US economy and going through this disruption will lead to explosive growth in 2026 and beyond. You may not see it now, but if we are able to organize our government/finances better going forward - start to think about how powerful that could be for the next 15 to 25+ years.
Next, thank you for all the great comments. Love it.
Gold and Silver are starting to make that recovery rally move after the last 7+ days of selling. This could be a very powerful move to the upside for metals and miners.
Bitcoin is still struggling and will likely stay trapped in a sideways range. that range could be $10k to
13K in size - so stay cautious of wild volatility in BTCUSD if you are trading it.Again,I want to urge all of you to consider your trading as "taking calculated risks" - not gambling.
I talked to a friend just yesterday, and he told me how I changed his life by helping him to stop the gambling-style of trading he was doing. Once you realize that trading is not about those HUGE WINS (sure they are nice) - but it is about staying agile, getting in and out with decent profits, and growing your account efficiently.
So, I urge you to step back and consider every new trade you take as "how much am I really risking if things go wrong". When you do that, you'll find you can still take the trade, but you'll teach yourself to manage your capital more efficiently.
Ok. Go Get Some!
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
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-- More..
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-- Automated Trading Systems
-- Proprietary Algos/Signals
-- 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.