With the US government only about 39 hours away from a complete SHUT DOWN, I want to warn everyone that metals are doing exactly what they are supposed to do - hedge risks. While the SPY/QQQ are continuing to melt downard.
I created this video to show you the Fibonacci Trigger levels on the 60 min SPY chart, which I believe are very important. Pause the video when I show you the proprietary Fibonacci price modeling system and pay attention to the fact that any upward price trend must rally above 563.85 in order to qualify as a new Bullish price trend.
That means we need to see a very solid price reversal from recent lows or an intermediate pullback (to the upside) which will set a new lower Bullish Fibonacci trigger level.
Overall, the SPY/QQQ are in a MELT DOWN mode and I expect this to last into early next week unless the US government reaches some agreement to extend funding.
This is not the time to try to load up on Longs/Calls.
The US and global markets are very likely to MELT DOWNWARD over the next 2 to 5+ days if the US government does SHUT DOWN.
FYI.
Gold and Silver may EXPLODE HIGHER.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
I created this video to show you the Fibonacci Trigger levels on the 60 min SPY chart, which I believe are very important. Pause the video when I show you the proprietary Fibonacci price modeling system and pay attention to the fact that any upward price trend must rally above 563.85 in order to qualify as a new Bullish price trend.
That means we need to see a very solid price reversal from recent lows or an intermediate pullback (to the upside) which will set a new lower Bullish Fibonacci trigger level.
Overall, the SPY/QQQ are in a MELT DOWN mode and I expect this to last into early next week unless the US government reaches some agreement to extend funding.
This is not the time to try to load up on Longs/Calls.
The US and global markets are very likely to MELT DOWNWARD over the next 2 to 5+ days if the US government does SHUT DOWN.
FYI.
Gold and Silver may EXPLODE HIGHER.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
Get More Great Research & Tools
-- Special TradingView Tools
-- Automated Trading Systems
-- Proprietary Algos/Signals
-- More..
Join Ment.Com Expert Growth Today
Get Some.
-- Special TradingView Tools
-- 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.
Get More Great Research & Tools
-- Special TradingView Tools
-- Automated Trading Systems
-- Proprietary Algos/Signals
-- More..
Join Ment.Com Expert Growth Today
Get Some.
-- Special TradingView Tools
-- 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.