SPY Cycle Patterns are incredible.
Have you ever seen anything that can attempt to predict price trends 30 to 60+ days in advance? Other than Japanese Candlesticks, and quite possibly Elliot Wave, I've never seen anything have the predictive qualities of my short-term & long-term Cycle Patterns.
This is a Daily SPY chart highlighting the cycle patterns that aligned with certain days. As I'm watching these cycle patterns unfold, I'm seeing more and more details emerge.
For example, the current week showed the following:
9-4: Temp Bottom
9-5: Top/Resistance
9-6: Breakdown
9-7: Carryover
9-8: Inside-Breakaway
9-9: Breakaway
9-10: Rally
9-11: N/A
9-12: N/A
A temporary bottom, followed by a top/breakdown in trend on 9-5/9-6. The "carryover" pattern can act like a reversion price trend, or a continuation price trend. Today it resulted in a reversion higher.
Tomorrow the cycle patterns are predicting an Inside-Breakaway followed by a Rally on Friday (9-9 & 9-10).
I expect the US markets will rally higher on some news related to some moderate global crisis. This may send Gold/Silver higher and may drag Bitcoin higher as well. What I expect is a flood of moderate buying to close out this week - catching traders by surprise.
This is a Daily SPY chart highlighting the cycle patterns that aligned with certain days. As I'm watching these cycle patterns unfold, I'm seeing more and more details emerge.
For example, the current week showed the following:
9-4: Temp Bottom
9-5: Top/Resistance
9-6: Breakdown
9-7: Carryover
9-8: Inside-Breakaway
9-9: Breakaway
9-10: Rally
9-11: N/A
9-12: N/A
A temporary bottom, followed by a top/breakdown in trend on 9-5/9-6. The "carryover" pattern can act like a reversion price trend, or a continuation price trend. Today it resulted in a reversion higher.
Tomorrow the cycle patterns are predicting an Inside-Breakaway followed by a Rally on Friday (9-9 & 9-10).
I expect the US markets will rally higher on some news related to some moderate global crisis. This may send Gold/Silver higher and may drag Bitcoin higher as well. What I expect is a flood of moderate buying to close out this week - catching traders by surprise.
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