SPY/QQQ Plan Your Trade Major CRUSH Pattern Update
Please be very cautious with today's Major CRUSH pattern. These are usually very big-range price bars, and they can be very dangerous if you are caught on the wrong side of a trend.
I suggest trading with only 25~50% of your normal capital if you are unsure how you want to trade. This CRUSH pattern will likely result in a larger open~close range than yesterday.
We are trying to see if price will hold above the $554~$555 support level. If so, we may see the counter-trend Major CRUSH pattern play out as a rally bar later today. If not, be prepared for a further breakdown in price.
We must see that the $554~555 level acts as support, and we must see the price REJECT near that level to prompt any type of price reversal.
This is going to be a "Buckle-Up" kind of day.
Don't say I didn't warn you about how big CRUSH patterns can be.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
I suggest trading with only 25~50% of your normal capital if you are unsure how you want to trade. This CRUSH pattern will likely result in a larger open~close range than yesterday.
We are trying to see if price will hold above the $554~$555 support level. If so, we may see the counter-trend Major CRUSH pattern play out as a rally bar later today. If not, be prepared for a further breakdown in price.
We must see that the $554~555 level acts as support, and we must see the price REJECT near that level to prompt any type of price reversal.
This is going to be a "Buckle-Up" kind of day.
Don't say I didn't warn you about how big CRUSH patterns can be.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
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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.