As we start moving into the Excess Phase Peak pattern consolidation phase, I believe the SPY/QQQ will attempt a moderate rally for about 3-5+ days, then roll into a deep selling mode after March 21-24.
I don't believe we have reached a bottom - yet.
I do see a lot of people talking about "the bottom is in" and I urge all of you to THINK.
What do you believe will be the basis of US and GLOBAL economic growth starting RIGHT NOW?
Can you name one thing that will be the driver of economic expansion and activity?
I can't either.
Thus, I suggest traders prepare for more sideways consolidation range trading over the next 60+ days as hedge assets and currencies attempt to balance risks.
BTCUSD, Gold, Silver should all be fairly quiet this week. I'm not expecting any huge price moves this week.
I expect the SPY/QQQ & BTCUSD to move a bit higher while Gold and Silver melt upward a bit further.
Then, after March 21, I expect bigger volatility and a broad rotation in the SPY/QQQ/Bitcoin where Gold/Silver will start a bigger move 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 don't believe we have reached a bottom - yet.
I do see a lot of people talking about "the bottom is in" and I urge all of you to THINK.
What do you believe will be the basis of US and GLOBAL economic growth starting RIGHT NOW?
Can you name one thing that will be the driver of economic expansion and activity?
I can't either.
Thus, I suggest traders prepare for more sideways consolidation range trading over the next 60+ days as hedge assets and currencies attempt to balance risks.
BTCUSD, Gold, Silver should all be fairly quiet this week. I'm not expecting any huge price moves this week.
I expect the SPY/QQQ & BTCUSD to move a bit higher while Gold and Silver melt upward a bit further.
Then, after March 21, I expect bigger volatility and a broad rotation in the SPY/QQQ/Bitcoin where Gold/Silver will start a bigger move 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.