SPY/QQQ Plan Your Trade For 7-17 - SPY Looking For SupportPlease watch this video as we see the markets move into a Counter-trend Major CRUSH tomorrow.
We may see a very large reversion in price (upward) tomorrow. I'm looking for price to reject recent lows and move higher. Then, I'm expecting price to reject recent highs (from 7-16) and move downward tomorrow.
After that big rotation, I believe the price will move into a downward consolidation phase, attempting to build a FLAG before starting a big upward move near July 22~24.
Please know the strong potential for huge price swings over 24 to 48 hours. Then, we move into a more consolidated/contracted price channel (FLAGGING).
I'll post more later. Watch for price to build support and attempt to move higher into the close.
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ES
SPY/QQQ Plan Your Trade 7-17 Opening Price Update - BreakdownI created this short video to help you understand we are still cautious of a continued breakdown in price - retesting deeper support.
The breakdown pattern I suggested would happen based on my SPY Cycle Patterns played out perfectly this morning.
I expect a type of "V" shaped bottom/base to be set up, but I believe the SPY/QQQ may continue to push downward - attempting to WASH OUT longs and stress the markets before rolling higher into the close today and going much higher tomorrow.
Please pay attention to my research.
I have to say, the past few weeks of sharing my SPY Cycle Patterns on TV and trying to prove the validity of my technology have been very exciting. There is nothing like putting your neck on the chopping block by making bold predictions for price and watching to see what happens.
I was either going to find my patterns work - or find out they don't work.
Pay attention to this video because we may have more downward price trending before we find a bottom.
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SPY/QQQ Plan Your trade For 7-17 - Possible Breakdown PatternI'm going to keep this short and simple this morning. Yesterday, I shared about 3~4 videos related to my SPY Cycle Patterns and how the markets were setting up for this Possible Breakdown (or as I called it, the Exhaustion Breakdown) pattern.
I even took some extra time to share a late video last night trying to prepare traders for what is/was about to unfold related to today's Possible Breakdown and tomorrow's Counter-Trend Major CRUSH pattern. You can watch that video yourselves to learn what I expect.
After rolling out of bed at 3:50 this morning (California time) and taking a look at my charts, all I can say is WOW! Nailed it!
I'm continually amazed at the accuracy and capability of my SPY Cycle Patterns as well as their ability to see into the future. I don't know of any other technology that is capable of doing what my SPY Cycle Patterns are doing. And I don't believe anyone has been able to crack the code (the secrets of the markets) like I have been able to do.
Now, these patterns are not always 100% accurate. I've warned everyone in the past (and now). There will be periods where they don't align with price very well. That happens.
Watch today's video while I sit back and watch my Puts print all morning.
What a great day.
I may try to put on some Calls later today - but at this point, I'm calling this a BIG WIN.
Get some.
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SPY/QQQ Cycle Pattern Update - Balancing Expectations & RisksAs part of my Plan Your Trade video series, I wanted to share some additional information on how I balance my expectations for price swings/moves with what's changing in the current market environment.
Initially, I draw my expectations based on what I see on the chart and how I interpret the SPY Cycle Patterns. From there, I watch the custom index charts I use to measure the underlying market strengths/weaknesses (behind the scenes).
Over the past 3+ days, I've been highlighting the huge moves in RSP and IYT. Traders need to understand that this strong bullish move suggests that the US market is actively relating to the end of 2024 and beyond.
However, the Exhaustion Breakdown pattern tomorrow (July 17) is very likely to represent a downward price move many traders have already positioned for. Although I expect the downward price move to stay under 2.0-2.25% from today's close, it will still be strong enough to catch some attention.
Please watch this video and pay attention to the first 10 minutes and the last 3 minutes. I want to know what all of you think of my SPY Cycle Patterns and if these videos are helping you out.
I believe the next 5+ years will be the biggest opportunity of our lives regarding how the US and global markets trend. In my attempt to help as many traders as I can, I need to hear from you. Are these videos helping you or confusing you? What could I do to improve them?
Get ready for tomorrow, and remember the next big opportunity starts on July 22 (or so).
Get Some.
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SPY/QQQ Plan Your Trade 7-15 Mid-Day Update - Selling PressureGood afternoon everyone,
As I created this video, the SPY was stalling above $562, with lagging bullish price momentum.
In this video, I explain why the SPY & QQQ are not selling downward very hard (yet). I also explain why I believe the downward price trend (consolidation/correction) I believe will happen over the next 4+ trading days will only be a -0.75% to -2.0% downward price swing.
My analysis of how price will move relative to my SPY Cycle Patterns involves many factors. I rely on more than just the SPY Cycle Patterns; my research includes dozens of other metrics and custom indexes.
This video shows how strongly IYT and RSP are rallying right now. If you are going to daytrade any of the indexes, you need to pay attention to those symbols.
If IYT (the Transportation Index) is rallying while RSP (the Equal-weight S&P500 ETF) is rallying - guess what? You see forward solid expectations of a broad-sector US stock market rally. Yes, maybe 30 to 90+ days in the future, you may see ignored and undervalued symbols rally more than 30% because of what we see right now.
THAT is why I'm trying to share my research.
I want to help you become a better, more skilled trader. That includes learning to use technical analysis more efficiently and keeping track of many underlying key metrics to help balance your expectations.
Why would anyone want to swing hard for short trades when the IYT, RSP, and dozens of other metrics say, "the US stock market is REFLATING into a broad-sector rally phase"?
That is the question you need to ask yourself... Are you getting the best research/analysis to help you build skills you can keep for the rest of your life?
Follow my research. Take a minute to go back and watch some of my recent videos.
If you want to learn how I can predict market trends 5 to 10+ days in advance, then all you have to do is pay attention to what I show you. I read the charts/data - and then formulate my expectations based on what my SPY Cycle Patterns show me. If something changes, I may adjust my expectations a bit. But, generally, my expectations don't change very much.
Let's get started and learn how to distinguish these markets. Watch this video and learn. Watch my other videos and learn.
The next 5+ years will be the greatest opportunity of your life. 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 7-16 - Price Starting To FLAG OUTGood morning everyone,
Today's video should be an important warning to prepare for prices to move into a tight, consolidated, FLAGGING type of trend.
Remember, you'll hear me say price either FLAGS or TRENDS—that's it. If you understand these FLAGS are price constructs that present mechanical price structures, we can then use them to analyze future price structures. It all becomes clear that price moves in logical structures related to energy, vibration, amplitude, frequency, and cycles.
Without getting too deep into the abstract of price theory, let's focus on where to find opportunities...
Watch this video. Over the next 5+ trading days, you will find 35 very clear price swings, which I believe will provide ample opportunity for skilled traders. Beyond those 35 bigger swings, you should get ready to sit and wait (in CASH) for the bigger opportunities to set up between July 22 and 25 (for a rally to start).
Smart traders must understand you can't force the markets to move as you want. You must sit back and wait for the right opportunities for your trades (or you'll get chopped to pieces).
In this video, I've clearly laid out what I expect to see happen for the SPY/QQQ over the next 10+ days. There are still opportunities for skilled daytraders. My only warning is to START SMALL and build positions within your risk tolerance levels.
Don't swing for the fences in this market for the next 5+ days. Stay safe.
There will be more significant price swings starting on the 24th or 25th of July.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade 7-15 Update - Building Support...This mid-day update to my SPY Plan Your Trade video series was probably needed as I'm getting many questions about what I think is happening today.
In short, we saw a bit of a rally early in trading, followed by a moderate pullback. Yes, today's Exhaustion Rally pattern has not shown up yet. But as we learned last week, the price can respond a bit delayed when certain types of events disrupt market trends.
I continue to suggest that the markets are attempting to settle after last weekend's big events. Traders are trying to digest what is happening and where to position capital.
My weekend analysis showed a powerful push in RSP (the equal-weight S&P500 ETF), suggesting capital is moving into a more broad-sector rally phase. I do believe that capital shift will continue to drive future rallies.
But, we also have to get through this week's SPY Cycle Patterns, which clearly illustrate the need for the markets to contract a bit (Wednesday ~ Friday) before moving into a more substantial rally phase mode near the 22~24.
Sit tight. Let the markets settle. Watch this video to see how I view support and why I'm not worried about any potential collapse yet.
Get Some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
The reality of Fibonacci Price Theory and most Technical Analysis techniques will teach you that as long as the price stays above $559.75 (above Friday's GAP).
Buckle up.
SPQ/QQQ Plan Your Trade For 7/15 - Exhaustion Rally PatternGood morning everyone,
This new Plan Your Trade video will illustrate why I believe the SPY may target 568~570+ highs over the next two days before rolling downward into a moderate downward/consolidation phase.
If you've been following my videos/research, you already know I believe the markets are setting up for another LEG HIGHER. But, first they need to roll into a PAUSE phase over the next 5+ days, then move higher on new momentum.
Watch today's video to learn why my SPY Cycle Patterns are so incredible and help traders plan/prepare for big market moves.
Here we go...
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade July 15-19 - US Broad-Sector RallyHappy Sunday.
Last week, I updated my SPY Cycle Pattern predictions, highlighting what I expected to happen over the next 15+ trading days. Even though it is almost impossible to accurately predict future price trends, ranges, and Daily close levels, I think I've done a pretty good job setting accurate expectations over the past 15+ trading days with my SPY Cycle Patterns.
This weekend, as I was analyzing this week and beyond, something became visible that alerted me to a broad market capital shift taking place. For more than 90+ days, I've warned traders that capital will move away from high-flying tech and other symbols to identify undervalued, ignored, and depressed stocks that still have fairly solid fundamentals/earnings.
Last week, we saw several stocks, most commonly shown on RSP (the equal-weighted S&P 500 ETF), break away from a flagging formation and shoot upward - gapping as it rallied. This is an obvious function of capital actively seeking new opportunities in ignored, undervalued, and depressed stock symbols. This is capital moving more evenly across the US stock market, attempting to ride the next wave higher.
In my opinion, this new Broad-Sector rally phase may continue to push the SPY/QQQ much higher than everyone expects. As a result, it could change how the SPY Cycle Patterns reflect the pending rally, contraction, and continued rally throughout the next two weeks.
Watch this video to learn more.
If I had to make a new, fresh analysis of what I expect after this big capital shift in the markets, I would move my upper price targets a bit higher and expect price to continue a stronger melt-up over the next 10 to 20+ days (throughout Q2:2024).
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
ES at a critical point We are now at the new red channel top that began in October 23 and blue channel top line intersection at approximately 5694. Previous test of the blue top line was in DEC 21. This saw a 22% decline.
Could that happen here? This is a possibility, but we are still trending up. Shorts normally aren’t taken at tops, but when we lose supports. We continue to buy supports however and have been for months and until this changes, then shorts should be treated as grenades. When taken they have to be bought back quickly.
Personally, I only had 1 short trade this week, which was initiated on Thursday after we lost support at 70. We then saw a test of major support at 30.
Those who took a short at the top may be rewarded however and really should only be in risk free runners at this point. We may get one more test of the 5700 zone. It may be worth trying one more short attempt, but I will not. The win % is just not there in a bull market and we continue to trend up.
Todd H.
SPY/QQQ Plan Your trade 7/12 - Carryover PatternToday's Carryover pattern should be very interesting. Do we carry over the deep selling pressure from yesterday or do we reject the downward price trend and revert back to the previous bullish trending.
I expect a reversion back to the bullish trending setting up today. If the overnight price action were to continue downward today, the emotional selling pressure from yesterday would have been more evident.
I believe the price will attempt to find support today and could move into a short squeeze later today - setting up a possible recovery rally above $565 on the SPY today.
Of course, it is almost impossible to accurately predict future price trends, so I'm doing my best as we see this massive volatility hit.
Remember, I'm trying to help you learn to become a better trader by watching prices, learning the techniques I try to teach, and applying the best techniques possible to keep you on the right side of the price trend.
Of course, if we do see a rejection of this downward price move, it will become evident before Noon ET. If not, we may be in for an even deeper downward trend.
This is why I clearly suggested traders learn to allocate funds properly. Learning to reduce trade sizes while volatility increases is critically important—unless you like blowing up your account.
So, buckle up.
SPY/QQQ Plan Your Trade 7/11 EOD FollowupWhat can I say about today? It was also an emotional response to the CPI data falling in line with expectations.
How did this happen? The way I interpret this data, traders were literally gutted that the CPI number didn't come in hot. They wanted a hot number so the Fed may be pressured into making a move on rates.
I guess traders don't understand that we need the US economy to continue being the 900-lb gorilla compared to global economies. In fact, I want the US economy to continue to dominate global economies for the next 5+ years to grow our GDP and real wages and create an environment more similar to the 1990s—2010s US economy.
Far too many people simply don't understand how important it is for the US economy to continue to outperform global markets.
So, as you watch this video, please don't lose perspective of what is really taking place right now.
A. The US economy is strong.
B. The CPI data came in AS EXPECTED.
C. Nothing has really changed from yesterday to today.
D. Gold and Silver are moving higher as FEAR elevates (and demand for physical metals increases).
E. The US markets will start to fall back into line (Bullish) as earnings continue to report.
I urge you to stay cautious related to these big data days and understand emotions take control for many traders on days like today. Logic is thrown out the window when traders try to chase these types of trends.
Moves like this can be big winners - or massive losers. So, I always urge traders to PLAY SMART. Trade only 1/3 to 1/2 positions on big news days.
The trick to being a great trader is to never act in a manner that could blow up your account in 3 hours. If you want to do that, go to a casino and bet on RED or BLACK.
If you want to be a skilled trader, then learn to position your trades relative to your risk exposure and remember - tomorrow is another day full of opportunities.
At the end of the day today, the SPY Cycle Pattern nailed the move today. I did not nail the move with my expectations. Remember, I'm not 100% accurate all the time.
Still, I've called 14 of the last 15 days very accurately. Not bad - huh?
And if you think that is easy to do - give it a try yourself.
SPY/QQQ Plan Your Trade 7/11 - Watch The Price ChannelsHere is an update to my Plan Your Trade content for today. Watch the price channels.
Price will become very aggressive in the Breaking pattern today.
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SPY/QQQ Plan Your Trade 7/10 - EOD Followup AnalysisWell, what a crazy day.
Did you guys see that momentum rally carry into today's Gap Up/High pattern? Boy, sure would have hated trying to short this market trend and watching my account collapse.
This video shows you why I believe the momentum behind this move may carry into and through the big data hitting tomorrow. We may see a very strong rally tomorrow after the data hits that could push the SPY price up into the $565~568+ level.
For those of you capable of executing quick shorts, I think you may have an early morning opportunity with price volatility tomorrow - but I would be cautious of getting too aggressive in shorting until closer to the 15th (Monday).
Thank you for all your great comments and boosts. Remember, I do this to help traders become better skilled at executing their own trades.
Now, we've still got 10+ more days of my predictions to work through. So, we get to see if my research/analysis is worth anything compared to the others out there.
I firmly believe most of the people pushing out research are simply pushing out click-bait. Me, I'm a little different.
Understanding Technical Indicators - Avoid FaultsI received a question from a member today related to Divergence on RSI or Stochastics.
I've been lucky to actually sit down with the creator of Stochastics, George C. Lane, to discuss his indicator and how he used it to trade.
I've also been luck to be able to attend multiple industry conferences over the past 20+ years where I've been able to watch and listen to dozens of the best technicians and analysts explain their techniques.
Boy, those were the days - right?
This video is going to help you understand most technical indicators are designed based on a RANGE of bars (usually 14 or so). This means they are measuring price trend/direction/strength/other over the past 14 bars - not longer.
And because of that you need to understand any trend lasting more than 14+ bars could result in FAILURE of the technical indicator.
Watch this video. I hope it helps.
Get some.
SPQ/QQQ Plan Your Trade For 7/10 - Gap Up/Higher PatternToday's Gap Up/Higher pattern in Trend mode may provide a strong price rally attempt after yesterday's somewhat non-existent Momentum Rally pattern.
I believe the lack of price movement yesterday resulted from markets waiting for Powell's comments and not wanting to get too far ahead of themselves.
Today, I believe the markets will resume trending to support the continued bullish price move and possibly make up for some of the missing price trends from yesterday.
We'll see - one way or another.
We need to see a solid upward opening price gap today - leading to a moderate melt-upward type of trend. Today's price trend may be explosive - even though we have limited data/news.
Remember, if you like my research, content, and info, share, boost, like, and visit my website to learn more.
Get some.
SPY/QQQ Plan Your Trade July 9 - End Of Day FollowupToday's Momentum Rally never really showed up.
Remember, I've been warning you these SPY cycle patterns are not 100% accurate all the time. They've done a fantastic job of calling the markets correctly over the past 17+ days. But, today, the Momentum Rally never really materialized.
As you'll see in this video, I believe the momentum for a bullish price move was muted today because of the Fed comments and lack of data.
In short, the Fed comments took the momentum away, and price struggled to find any real trend.
But the momentum for a bullish price move is still there. It is inherently biased toward price. So, I believe we could see a very big (explosive) move to the upside over the next 4+ trading days.
Stay patient. This is a great example of learning to wait for the best setups.
If my analysis is correct, this current setup could be a very big winner. The bullish price bias may explode to the upside over the next four to five days.
Get some.
SPY/QQQ Plan Your Trade - Momentum Rally Day Is HereToday's SPY Cycle Pattern is a Momentum Rally pattern in TREND mode.
This suggests price will rally today - possibly targeting $558-559 or higher.
The next 2-3 trading days should be very powerful for LONGS. My SPY Cycle Patterns have predicted the past 2+ weeks of price movement and continue to suggest upward price trending until July 15th or so.
Then, we move into an exhaustion peak price action - eventually rolling back downward to find support.
Get ready. The next big move will take place after July 23-24, setting up another great opportunity for skilled traders.
Get some today.
SPY/QQQ Plan Your Trade 7/8 Followup AnalysisI couldn't have predicted today's price trend any better. The SPY Cycle Pattern, Flat-Down pattern, worked out perfectly today. Although I expected a bit more downside price activity earlier in the trading day, the fact that today's price action in the SPY & QQQ is generally FLAT-DOWN is perfect.
Remember, this pattern was predicted more than 24 months ago. It warned us that today would likely be a narrow-range price bar, and tomorrow, Wednesday, and Thursday will be strong upward-trending bars.
Are you ready for the next big price move? How nice would it be to know 5+ days in advance what price is likely to do so you can plan your trades more efficiently? Learn to wait for the best setups, then go get them.
Watch this video. Now, we will see if the current price FLAG resolves to the upside, as I expect.
Why do I expect price to move higher into the close? Because tomorrow's pattern is a Momentum Rally in CARRYOVER mode.
Go Get Some.
SPY/QQQ Plan Your Trade For 7-8-24Back by popular demand - here is the Plan Your Trade video for July 8, 2024.
Today, I will highlight my expectations and warn you that no one is able to accurately predict future market trends 100% of the time. I will tell everyone that I can't accurately predict anything related to future price trends/moves. I can use my skills and technology to "estimate" what I believe is a likely outcome for future price.
I want to try to make this very clear. I'm not some special person who can see into the future. I am simply using my skills and my SPY Cycle Patterns to try to estimate what I believe could happen in the future.
Based on that information, here you go. I've highlighted 3+ weeks of market trends, showing you where I believe opportunities exist and where to avoid sideways market trends.
I see three very clear opportunities over the next three to four weeks. First, the continuation of the uptrend. Then, the pullback to support. Then, the renewed rally phase near July 23-24.
Let's get some this week and prepare for what comes next.
THE ONLY TRADES I'M TAKING - KEY LEVELSI went ahead and marked out a few key levels that I am interested in trading in the next 24 hours.
WE CAN ALSO FLIP THE RESISTANCE INTO SUPPORT. If that happens a would be interested in a long on the retest,
Let me know your thoughts below.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
SPY/QQQ Plan Your Trade July 7 thru July25 - 3 Weeks AheadThanks for all your comments and boosts.
Remember, it is almost impossible to predict price range/movement 3~4 weeks in advance accurately - as I'm trying to show you with this video.
What I see happening over the next 3+ weeks is a continued rally phase for about five days, then an exhaustion peak sets up (a Last Engulfing pattern), followed by a short (2~4 day) contraction in price, leading to a FLAGGING pattern (sideways), before price attempts to move higher again on July 24~25.
If my analysis is accurate, there are two or three very opportunistic trading moves over the next three weeks. Additionally, for day traders, we will see some considerable price volatility start to set up after July 15.
Many of you have asked how I'm able to do this accurately. The simple answer is that I've been training myself to use my SPY Cycle Patterns and research/TA skills to attempt to "see into the future" with some degree of accuracy. Of course, I'm not 100% accurate all the time, but I think I provide incredible value for skilled traders.
Knowing what to expect over the next two to three weeks can provide incredible insight into planning and trade decisions. That is what my SPY Cycle Patterns are all about.
Combine that with some skills related to TA and Fibonacci Price Theory, and I think anyone could attempt to do what I'm doing on this chart with some practice.
I will state this as clearly as I can... When my analysis aligns with YOUR analysis (regarding price trends/direction/range), I believe you can be more aggressive in your trading style. Otherwise, if I tell you, the price will be choppy and consolidated, cut your allocation levels to 25~50% and trade only for quick price objectives.
I fully believe in waiting for prices to develop the best opportunities and not trying to trade every day.
I'll be updating this outlook every morning with short videos.
Go get some.