SPY/QQQ Plan Your Trade For Sept 10 : Consolidation CarryoverToday will likely be similar to yesterday - but slightly more consolidated overall.
I belive the markets are struggling into a dual Excess Phase Peak Flag (Step #2) and the SPY/QQQ show this very clearly.
This dual Excess Phase Peak pattern will result in either a breakdown in price (starting after Sept 20th or so) or a continued rally phase breaching the Unique & Ultimate Fibonacci High price levels.
Ultimately, I believe the breakdown potential is higher at this point than the continued rally phase. That is why I'm asking traders to prepare for a top near Sept 20-25 and to move assets into CASH as we melt upward over the next 5+ days.
If my research is correct, the second Excess Phase Peak pattern will prompt a breakdown in price - resulting in an attempt to find support above recent (60-90 day) lows. And that will reflect a -9-14% drawdown in price.
If I'm wrong and we don't see this breakdown in price, then we'll see price struggle to move higher and eventually break the recent ATH levels.
Watch this video to learn how the Excess Phase Peak patterns setup.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Es!
SPY/QQQ Plan Your Trade for Sept 9 : GapUp-Higher Counter TrendPay special attention to this video and prepare for what I believe will be a type of Flash-Crash event starting near Sept 20-24.
Now is the time to start moving more capital into CASH. Prepare for this potential downside price move of -9-14% by protecting your capital.
Yes. There will be bigger opportunities near the bottom of this moderate Flash-crash event.
No, you don't want to watch your assets fall 10-15% over the next 60 days.
The solution is to move into a more protective allocation mode (70~80% CASH) over the next 5 to 7 days and then ride it out.
Remember, I'm here to try to help you become a better trader. I tell you want I see and I live or die by my output.
I'm not always 100% accurate. But I do believe the markets are going to move into a type fo Flash-Crash event over the next 45+ days and I believe the best way to prepare for this event is to load up on dry powder, trade smaller amounts for now, then look for opportunities near the bottom.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade For 9-6 : Blended Top/Flat-DownHappy Friday.
I believe today's pattern is a blend of yesterday's Top-Resistance and today's Flat-Down pattern.
Because of this belief, I think we will see a moderate rally in early trading leading to a peak in price, then followed by a moderate flat-down type of price trend.
This week has proven to be a bit more volatile than I expected, but it has not changed my expectations much in terms of where I believe the markets are headed over the next 90+ days.
Price is dynamic and reflects not only fundamental economic expectations but also future performance expectations.
This pullback in price is somewhat healthy (closing the gap) on the SPY chart to clear the way for further upward trending.
Let's see how things play out today.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
S&p 5400 coming Ai bubble popping as we speak 9/5 2024 NVDA books reflect sales to companies that now are under scrutiny geopolitics hot oil choppy avgo missed earnings rate cut drama the cooks at the BLS continue to chef it up with wild swings in reports and revisions all with the last US election in the rear view mirror
SPY/QQQ Plan Your Trade For 9-5 : Top-Resistance PatternToday's Top Resistance pattern should reflect a moderate price rally, leading to a peak in price, then followed by a roll-over in price before the close of trading today.
Follow my research. Remember we are using my SPY cycle patterns to help guide our future and current trades related to price action.
These patterns are not 100% accurate all the time - but I find them very helpful in understanding how to prepare/trade related to potential future price swings.
Again, outside news events, central banks/governments, wars and other massive events can disrupt these patterns for 3 to 10+ days. But, price always seems to return to the patterns over time. These disruptions are temporary.
Get ready for next week's big rally phase.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
NQ what’s your Iq - sleep increases IQSet the alerts. Set the brackets. Set the trade. Then get to sleep. Will we wake up with a win. I’ll dream on it.
1hr strong close up.
We have a structure shift. My entry is set at the area of value where the un filled orders were left behind that originally created this push up.
2:1?
2.5:1? We’ll see. My data says 2.5
SPY/QQQ Plan Your Trade For 9-4 : CRUSH Blends Into Rev-RallyYesterday's price move was clearly a CRUSH pattern I expected on Monday. Because of the holiday trading schedule this week, I believe the CRUSH pattern blended into Tuesday's trading - resulting in today's pattern being a blend of the Rev-Rally pattern on Tuesday and the Up-Down-Up pattern for Wednesday.
Overall, I believe the CRUSH pattern removed a lot of downward price pressure and set the markets up for a bigger upward move starting on September 9-11.
At this point, I believe the US markets will attempt to find a base/support and transition into the end of this week by "looking for support—then rallying away from support."
So, I expect the US markets to find a critical support level today or tomorrow, then begin to form a base and rally away from that support level.
Let's play what is in front of us on the charts and Get Some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade For 9-3 : Reversal Rally Today.Today's SPY Cycle Pattern is a Reversal Rally.
After yesterday's CRUSH pattern (on the Labor Day holiday), we should expect the indexes to persist in a moderate rally phase (or melt-up) today.
I believe yesterday's CRUSH pattern played out very nicely on the ES.
Today's Reversal Rally pattern should result in the ES attempt to move back to 5653-5660.
For the SPY, that will be a move back to 563.00 to 563.40.
Overall, I believe today will show a solid attempt to move higher (melting upward) as the price slides into the end of this week very sideways/flat.
Starting on Sept 9-10, we should start to move into a rally phase for the SPY/QQQ.
Sit tight until then. These intra-day swings are perfect for day trading Gunslingers.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
September Effect - Up/Down/Sideways - How I'm Trading ItSummer trading is officially done and the market will be news sensitive leading up to the big bad FOMC Rate Decision on September 18.
August's monthly candle is a wild one with a massive wick to the south and the bulls pushed the SPY within a whisker of all-time highs, Dow to several all-time highs, Nasdaq into a nice bullish recovery posture, and Russell the same (higher lows).
6 Central Bank Rate Decisions in September
US News on Employment and Inflation all rolling out before the FOMC
I'd like to see a seasonal dip or pullback to offer more accumulation opportunities before a run higher. Let's see how it plays out.
/NQ Bullish Looking at the 4 hr /NQ I see a very Bullish pattern regardless of the anticipated events. Technically speaking you can see that big Inverse Head & Shoulders and a falling wedge on the potential "right shoulder" which serves as more confirmation of the bullish incoming trend. My plan is to watch the market on Tuesday and see what happens at mkt open and get in on the dip and HOLD till the inverse head & shoulders fully forms. My Target prices are as listed on the chart. My ultimate goal with every bullish confirmation is to have 10 contracts before exiting the position. Let's see what happens?!
US Markets Cleared For A 13% to 24% Rally - Get SomeThis video highlights why I believe the US markets are ready to make a big move higher over the next 12 to 24+ months.
Many people suggest the markets will crack or crash, or we will experience some black/grey swan event. I'm afraid I have to disagree with this belief.
Yes, there is always a chance we will see some market event. However, to disrupt the US/global economy, there would have to be some event that disrupts the world, not just one or two smaller countries.
I do believe the US is making a broad transition into the 21st century, and new leadership (Govt) is required to make that happen.
But I also believe the seeds have been planted for exponential growth over the next 10-20+ years - and many traders are too focused on the crash dummies to see the real potential.
Watch this video. Share your comments if you like.
I believe we will see pullbacks and rotations on the way up - but I don't think we'll see any big crash event until after 2031 (or later).
Get some. This is going to be BIG.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade For 8-30 : Carryover In Counter TrendToday's SPY Cycle Pattern suggests the SPY will attempt to trend moderately strongly to the upside (if my research is correct).
The counter-trend mode of the carryover pattern suggests the price trend will be opposite of the last 2-3 bars - so a potential upward price trend today.
The carryover pattern suggests that price will behave very similarly to what we've seen over the past 2-3 days—moderately trending.
So, I expect the SPY to attempt to rally the 563-564 level and hold above recent lows.
The QQQ should be similar—attempting to break away from the downward price channel, then consolidating into early/mid-next week before attempting to move higher again.
Gold is within my breakout range (over the next 2~5 days), and I believe the 2564 level needs to be broken (upward) for the 2593 level to become the next target. We are still seeing active support near 2511.
Bitcoin should move back to the upside, trying to target the $62.8k level over the next 5+ days. The Flag formation in BTCUSD is holding up well.
Happy Friday everyone.
Let's make today a great day and prepare for next week.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
GC GOLD Buy BOXBeen a while since posting my thoughts here, I have been working on something that is GOLD. Supply and Demand can often be overlooked. Trading can often be over complicated. Back up and study the basics. Supply and demand characteristics of the market are the most rudimentary but often the best way to creaete a system that brings forth consistent gains. How many traders are actually profitable. Find a system that works for you it could start with a simple supply and demand type strategy.
Here we have price reacted perfectly off of the supply zone, (Yes I took that short position from the top and have the screen shot to prove it just ask if you want to see it). Now will we enter a demand zone and reverse. My plan is to simply wait, I took my profits and now I just wait until my alerts are hit and my criteria is met to go the other direction.
What will you do? Leave it in the comments I am happy to be back posting and look forward to more!
SPY/QQQ Plan Your Trade For 8-29 - Breakaway in Carryover ModeToday's pattern should play out as a reversion to yesterday's selling pressure.
I did not expect to see the markets sell downward as hard as they did yesterday, but my systems were able to catch the downward trend well.
As a trader and a researcher, I try to base my expectations on what I believe to be the highest probable outcome. Yet, sometimes I'm wrong.
I've mentioned this before, and I'll probably say it again and again...
Traders must be capable of adapting to the charts. Play what is in front of you. My SPY Cycle Patterns offer assistance in what may happen based on Fibonacci/Gann price characteristics. Yet, news items (or positioning ahead of NVDA earnings) can drive market trends in unique directions.
We must understand that big news events/earnings/data can alter price trends away from the SPY Cycle Pattern triggers, and we have to be able to play the chart in front of us.
So we adapt to what the chart is telling us - always.
Remember, Fibonacci Price Theory was very clear yesterday after the first breakdown in price - this trend is BEARISH.
Watch this video. Gold is getting ready to make a move up to 2593+ and Silver wants to follow up to about $31. But Silver will lag Gold a bit - so position yourself correctly.
Bitcoin will stay range-bound over the next 5-7+ trading days - trying to run out time on the Flag Apex. Then, it should make a bigger move to the upside.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Why a Cautious Bull on the US Markets?This is a classic bull market—smooth and trendy. However, it has become a cautious bull, moving within a much wider range, similar to what we observed after March.
Especially in July and August: For the Nasdaq, it was down by 17%, but it has since recovered within a two-month period.
Is this good or bad? It really depends on how we've positioned ourselves. If you're an investor, seeing your July positions slump so much only to recover so quickly could be quite unsettling—it might even give you a heart attack. But if you're a trader, you should find this volatility interesting and take advantage of it.
Micro E-Mini Dow Jones Futures & Options
Ticker: MYM
Minimum fluctuation:
Outright: 1.0 index points = $0.50
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
SPY/QQQ Plan Your Trade 8-27 - Inside Breakaway PatternThe SPY continues to slide into a sideways melt-up type of trend. Today's Inside Breakaway pattern suggests the SPY will attempt to move away from this consolidation range.
Although I don't expect a huge breakaway today, I do expect the SPY to attempt to move up into the 563+ area, setting up for a bigger move on Thursday and a pullback on Friday.
Gold is pulling back reasonably hard. The 2530-2535 level would be an excellent area to consider buying or adding to any open position. The 2510-2515 level is the Make-Or-Break level for Gold (that would also be our stop level).
I still believe Gold will make another move higher - but I don't think Gold will build enough momentum to rally out of the current range until next week.
Bitcoin has pulled back into the APEX range (see the chart). We need to see it hold up near this Apex range - or it could risk falling below $57k again.
Overall, I see all of these charts (SPY/QQQ/Gold/Bitcoin) stalling and attempting to base ahead of next week. Next week, I believe prices will be more volatile and try to trend upward.
As I've been warning, this week, the markets needed to pause a bit. Now is the perfect time to position yourself for the next big move.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade 8-27 Update : Possible Long Squeeze EODToday's SPY Cycle Pattern should reflect a decidedly bearish overtone to price action. The fact that we opened with a GAP downward and have waffled around just above yesterday's closing price does not really excite me.
I see price failing and waffling around in "no man's land".
This video covers the SPY, Bitcoin, & Gold.
Stay agile. I see the markets rolling downward into the end of the day today - but I could be wrong.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade For 8-27: Close-1 GAP Trend PatternToday's pattern suggests the GAP Trend portion reflects whether today's open is above or below yesterday's close.
If today's open is above yesterday's close, then I would expect a higher opening GAP leading to a fairly strong rally phase today.
If today's open is below yesterday's close, then I would expect a lower opening GAP leading to a fairly strong selling phase today.
These types of patterns do not often reflect a reversal bar - although reversals can happen.
Overall, I believe the bias is still to the upside. But I also believe price is consolidating in early trading this week and needs to continue to consolidate before attempting to rally again later this week (Thursday/Friday maybe).
So, I would not be surprised to see price stall out a bit today.
Let's see what happens. We may see a bit of a rally or sell-off depending on where today's opening price is and if we see any substantial Opening GAP. The bigger the GAP, the more likely we are going to see price trend.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade For 8-26 : BLANK SPY Cycle PatternToday's blank SPY Cycle Pattern means there is no definition for today's pattern in the pattern library. I will dig into this a bit further.
At this point, when we get blank days, it is usually a fairly rare and uncommon pattern that may not develop very often. That makes it hard to identify if there are not many reference points to determine what type of price action to expect.
Still, I go into detail related to what I believe will happen over the next few days/weeks for the SPY, Gold, Bitcoin and provide a series of opportunities for traders in this video.
Remember, it is not about trying to force the markets to make a move. Often, we have to sit back and wait for the next big opportunity to setup.
I believe the next 5+ trading days will present a moderate melt-up in the SPY and Gold. I believe Bitcoin will stay rather flat after the rally over the past 3+ days.
This is why I believe the markets are transitioning into a bigger breakaway phase setting up for Sept 4~10. Thus, I believe traders need to prepare for that bigger move over the next 5~7+ trading days and stay cautious right now.
We are going to move into a consolidation/peak/top phase near Sept 20~25. So, this next rally phase only lasts from Sept 5th through Sept 21 - about 10+ trading days.
Heads up.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold