SPY/QQQ Plan Your Trade For Jan 31 : GAP Potential
As we move into the end of January 2025, I'm still watching for technical failure near these higher levels. On Monday, we saw a huge breakdown in the markets just days after my Jan 21-23 Top prediction. Now, as we are moving into the Feb 9-11 DeepV base/bottom pattern - I've been expecting the markets to move into a downward trending phase - which has not happened yet.
The way I see the markets right now and how I would offer a general interpretation of the trend is "struggling to find/set a new trend".
In other words, the markets are really congested in a wide range. I believe the markets will attempt to move downward after today's opening GAP higher.
I believe the markets are going to continue to struggle to find support and trade in a downward-sloping consolidated price range until Q3/Q4:2025.
I believe the markets are reacting to earnings and continued support right now, but that will ultimately resolve as a breakdown phase over the next 60+ days - leading to the multiple BASE/BOTTOM patterns my cycle research suggests will happen.
So, I continue to explain what I see in the context of the broader cycle phases.
Gold and Silver may rally a bit today - but we have a CRUSH pattern on Monday - so try not to carry any positions over the weekend.
BTCUSD is struggling to move away from very strong consolidation. It is also setting up multiple Excess Phase Peak patterns. I believe we need to be patient as BTCUSD struggles to find a new trend. Right now, I see more downside potential than upside potential.
I would offer one warning about today. Today's opening GAP will likely prompt a breakdown in price (moving downward) as we head into next week.
I believe next week will be very volatile. Buckle up.
Get Some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
The way I see the markets right now and how I would offer a general interpretation of the trend is "struggling to find/set a new trend".
In other words, the markets are really congested in a wide range. I believe the markets will attempt to move downward after today's opening GAP higher.
I believe the markets are going to continue to struggle to find support and trade in a downward-sloping consolidated price range until Q3/Q4:2025.
I believe the markets are reacting to earnings and continued support right now, but that will ultimately resolve as a breakdown phase over the next 60+ days - leading to the multiple BASE/BOTTOM patterns my cycle research suggests will happen.
So, I continue to explain what I see in the context of the broader cycle phases.
Gold and Silver may rally a bit today - but we have a CRUSH pattern on Monday - so try not to carry any positions over the weekend.
BTCUSD is struggling to move away from very strong consolidation. It is also setting up multiple Excess Phase Peak patterns. I believe we need to be patient as BTCUSD struggles to find a new trend. Right now, I see more downside potential than upside potential.
I would offer one warning about today. Today's opening GAP will likely prompt a breakdown in price (moving downward) as we head into next week.
I believe next week will be very volatile. Buckle up.
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.