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GOLD-SILVER

SPY/QQQ Plan Your Trade For 11-11: Gap Potential In Trend ModeHappy Veterans Day. Thanks to all the current and past service members who have dedicated so much time and effort to protect all of us from the evil in the world. If you have anyone in your family that has served in the military, please take a moment to call and thank them for their service today. As today is a Federal holiday, I expect the markets to be somewhat muted in terms of trends. We are still seeing BTCUSD rally higher as the Trump win delivers a clear mandate related to global crypto/blockchain opportunities. We are still dealing with a market in a post-election rally phase. I believe this rally phase will diminish over the next 5 to 7+ days and move into the early stages of my Anomaly phase. My research suggests the US and global markets are likely to move into a consolidation phase before attempting to move into a very late phase Santa Rally. So, at this point, with the SPY breaching 600 in pre-market trading, I would suggest traders start to PULL PROFITS and prepare for what I believe will be a moderate consolidation of price over the next 5-7+ trading days. Gold and Silver are still FLAGGING in an inverted Excess Phase Peak pattern. This is currently a bearish price trend - attempting to break higher to move into a rally to Phase #3 (consolidation). We could see some big price rotation today if Gold and Silver break above the FLAGGING trend. Buckle up. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
2
GOLD, SILVER, PLATINUM & COPPER Weekly Forecast Nov. 11thThe Metals are at areas of supportive discount arrays, but will they move higher. The latest COT Report indicates the institutional traders are betting on higher prices, even when the assets seem to be in consolidation. Monday is a US bank holiday, and Tuesday may start slow, but I suspect the price action will be clearer come Wednesday. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
NYMEX:PL1!
by RT_Money
2
R2F Weekly Analysis - 10th November 2024 (ICT Concepts)Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. I'm going to go through various assets/markets, and give a real-time view of how I perform my analysis on the weekends. I'll give my take on what has been happening, and what I'm expecting in either the coming days, weeks, or months. Without further ado, let's get into it! This video will be a special "The Leap" edition. - R2F
TVC:DXY
by Road_2_Funded
SPY/QQQ Plan Your Trade For 11-8 : Counter-trend RallyHappy Friday everyone, Today's SPY Cycle Pattern is a Rally in Counter-trend mode. I interpret this as a moderate downward price trend for the SPY - possibly pulling the SPY into the GAP created after yesterday's opening GAP rally. I got into deep detail related to the potential anomaly event setting up over the next three weeks for the SPY & QQQ in this video. I also go into a fairly deep analysis of Gold and Silver - relating my expectations and how these moves align cleanly with an inverted Excess Phase Peak pattern. And, I even go into broad detail for BTCUSD and how I see multiple aligned Excess Phase Peak Patterns setting up to drive big trends over the next 3-4 weeks. As I stated near the end of this video, the next 5-7+ years are going to be filled with opportunity. I suggest everyone get ready for the biggest opportunity of your life. I hope you enjoy my videos and research. I know some of you have already experienced tremendous success following my research. I'm urging to you consider the opportunity that will be available as the markets continue to trend through my window of opportunity - and how you want to try to profit from these moves. Remember, the markets will always be there - but these opportunities are unique to the next 5-7+ years. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
2
Are Silver Miners Poised to Outperform Gold Miners?Introduction: At the start of 2024, we were strong advocates for precious metals, and this strategy is paying off. Gold is consistently reaching new all-time highs, while silver is surging to levels not seen in over twelve years, finally capturing public attention. However, during a genuine bull run in precious metals, it's crucial to watch for mining stocks to outperform the spot prices of the metals. The lesser-known secret among gold enthusiasts is that investing in mining stocks often yields higher returns than holding physical metals. Analysis: Spot Prices vs. Mining Stocks: While gold and silver spot prices are making impressive gains, the true potential lies in mining stocks. Historically, mining stocks outperform physical metals during strong bull runs because of their leveraged exposure to rising metal prices. Silver Outperformance: We focus on the potential for silver to outperform gold, especially as silver has been gaining momentum. In this context, it's key to monitor the performance of silver miners (SIL) compared to gold miners (GDX). Broadening Wedge Pattern: Currently, the ratio between SIL and GDX is forming a broadening wedge pattern. A breakout from this pattern could signal a surge in silver mining stocks, indicating a shift where silver miners may start to outshine their gold counterparts. Conclusion: As precious metals continue their strong performance, the focus shifts to mining stocks, where the potential for higher returns lies. A breakout in the SIL-to-GDX ratio could mark the beginning of a new phase, with silver miners taking the lead. Traders and investors should keep a close eye on this ratio as a key indicator of the next big move in the precious metals sector. What are your thoughts on this potential shift? Share your insights below! Charts: (Include relevant charts showing the SIL-to-GDX ratio, the broadening wedge pattern, and potential breakout targets) Tags: #Gold #Silver #MiningStocks #PreciousMetals #SIL #GDX #TechnicalAnalysis
AMEX:SIL
by Richtv_official
Fibonacci/Gann & 3-6-9 Chart Play: The TOP may be IN I was trying to identify if/how the market may be topping in relation to the post-election rally phase and started with a blank Daily SPY chart. After drawing a few line of the chart, I started with an idea that Broad market pullbacks may be the key to identifying/timing market expansion phases (coupled with a bit of logic). This video highlights this theory going back to 2018 and examines a number of price pullback trends as well as Fibonacci Timing structures related to Fibonacci Price Expansion blocks. I think you will find this very useful as I continue to delve deeper into the 3-6-9 structure, polarity shifts (binary shifts) and trying to unlock the secrets of price trends/extensions. Hope you enjoy... Oh.. and it looks like the US markets are about to top if my research is correct. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
4
SPY/QQQ Plan Your Trade For 11-7 : Rally Pattern DayGood morning, Although I would argue the post-election rally may already be moving into exhaustion, the SPY Cycle Patterns suggest today is a Rally pattern in Trending mode. So, I expect the markets to attempt a bit of a carryover rally phase today - moving into a Counter-trend Rally pattern tomorrow. That counter-trend rally pattern suggests the markets will try to find a peak/top and roll downward into the close of the week. Gold and Silver appear to be basing with a potential for another move downward today - retesting recent lows. Based on my estimate related to Fibonacci Time Cycles, I believe Metals is looking for a momentum base to rally off of. Thus, I suggest traders prepare for a big move upward in Gold and Silver over the next 4 to 7+ trading days. Bitcoin is still in a Bullish trending phase after breaking into new highs. Today, I spent quite a bit of time going over the Excess Phase Peak pattern related to how the price is trending and what to expect. It is critical to understand that the markets will move away from this post-election relief rally phase over the next week or so. Ultimately, what has changed is that we have a new POTUS with new policies and objectives in 2025. Right now, everything is still pretty much the same as it was last week. Volatility is still high and I urge traders to stay cautious. The time for adding more liquidity will come after November 25-30. Remember, the number 1 rule for traders is to Protect Capital. You can still trade, just trade much smaller allocation levels for now. We are about to move into a period of moderate consolidation. Sit back and wait out this sideways trend. The real opportunity will come after November 25-30. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
2
NQ breaks to new highs. Markets reacting to Election ResultsThis upward trend seems to have some momentum today. I'm not suggesting traders chase this rally and hold anything overnight, but I am seeing new highs on the ES/NQ charts, and IWM and other sectors are rallying to new ATHs today as well. This shows the scale of capital sitting and waiting for the election to play out. Traders were very concerned with the election outcome. At this point, I consider this rally phase a bit overcooked. The ES and NQ will likely continue to try to push higher as we move into the Santa Rally phase, but as a trader, I would be cautious of any overreaction to the election results. My best advice for my followers is to continue trading in minimal quantities unless you can handle taking huge lumps/losses over the next 3 to 4 days. The US markets will settle into next week, and after this emotional price move subsides, we'll start to trend based on more logical economic data. There will be some huge opportunities for skilled traders over the next 5+ months. Get ready. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
CME_MINI:ES1!Long
by BradMatheny
1
Election Rally Sets Up Big REVERSION Shift - Stay CautiousThis quick video was initiated to show you how the ES/NQ are setting up new #2 Excess Phase Peak patterns after the overnight rally. Then I took a look at Gold/Silver. We are seeing a very broad shift into a reversion phase where the markets may move into a PANIC type of DEEP-V low over the next 48+ hours. The move in metals (related to the US Dollar rally), will likely result in a DEEP-V base/bottom - prompting a fairly strong recovery/rally phase in metals over the next 2+ weeks. Take a look at what happened during the COVID crisis. The same type of PANIC selling/shift took place then. The Dollar rallies on expectations/policy/or a crisis. This puts very strong pressure on Metals. Then, the markets settle into a reasonable expectation (post-event) and the US Dollar settles. But metals have been deeply undervalued because of the PANIC selling. Metals then move strongly back to the upside - removing to the pre-crisis price level, then move even higher as metals attempt to hedge risks related to the post-event/crisis economy. Get ready. This could be one of the biggest opportunities of your life. Get Some #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
CME_MINI:ES1!Long
by BradMatheny
SPY/QQQ Plan Your Trade For 11-6 : Breakaway Post-ElectionWow. All I can say is WOW. Keeping a different schedule related to the markets had me in bed at about 9PM California time. Yea, I missed most of it last night. But my wife woke me up at midnight to tell me who won. When I got up this morning (early) and checked the markets, it sure looked like the world voted in favor of the Trump win, with a solid 2-3% rally overnight. This is where things start to get very interesting. We have about 70+ days until the inauguration (Jan 21, I believe). Between now and then, the US and global markets will attempt to shift towards new policies and expectations. Part of this will come from news, but much of it will come from policy expectations. Some sectors will shift direction. Others will extend existing trends. Smart traders should prepare for opportunities that align with their interests and realize that we are looking at some real risks over the next 4+ years. What I will state is I continue to believe the next 5-7+ years are the greatest opportunity of your life. Watch my video and buckle up. The markets are seeking a new base/frequency to transition into shifting expectations. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
7
SPY/QQQ Plan Your Trade For 11-5 : Election DayThis video highlights what I believe is likely to happen today and into tonight (when the real news will hit). Additionally, I continue to warn that a price anomaly is very likely starting sometime after November 10. Ultimately, the markets will struggle throughout the rest of the week, likely becoming a bit more volatile after the election. I do believe the markets will move into the price anomaly event near November 10th and that event will likely transition into a big opportunity for traders sometime after November 15-18. My ADL predictive modeling system is showing this anomaly event is highly likely in certain sectors. Overall, I suggest traders continue to trade small allocation levels today as we get past "election day". The bigger opportunities come over the next 3 to 6+ months. Today is not the day to be a hero. Today is the day to sit back, maybe target a few decent trades, and wait for the dust to settle. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
SPY/QQQ Plan Your Trade For 11-4: Election Week Is HereGood morning, everyone. This video highlights why I believe traders should stay very cautious through the early portion of this week and into next week. My research suggests the SPY & QQQ will stay somewhat range bound this week while the markets move into a SHOCK phase. The elections are really going to take center-stage and even though I expect some reaction after the election are over - I'm not seeing any real trending opportunity in the SPY/QQQ until after November 20-25. Thus, I suggest traders stay in a 80-85% CASH mode and trade very small allocation levels over the next 2-3 weeks. There is nothing wrong with moving into a CASH position and sitting on that cash till the market show more opportunity for profits. Gold and Silver will struggle within a sideways range over the next 5 to 8+ days. The election event will likely drive some volatility in metals, but I see metals stalling out for at least 3-4 more days - trading in a sideways range. Ultimately the SPY/QQQ, Gold & Silver are going to attempt to break downward - away from the Phase #3 & #4 consolidation phase. I see that as the Anomaly Event I discuss in this video. Bitcoin appears to have already starting to break downward, away from the Phase #3 & #4 Excess Phase Peak setup. In this case, Bitcoin may be leading the global markets a bit and attempting to find the Ultimate Low over the next 2+ weeks. Still, at this stage, the best advice I can offer is move assets to CASH and wait out the consolidation in the markets. Again, I don't see the markets moving into any real trending until after February 12-13 and possibly as late as February 20-25. Buckle up. I think the markets are going to go into Anaphylactic Shock because of the election and post-election events. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
11
Gold & Silver Struggling To Break Away From Consolidation PhaseI created this video to highlight why I believe Gold & Silver could stay within a very wide consolidation range until after November 7~10 as the US markets enter a SHOCK phase after the elections. Yes, I believe Gold & Silver will ultimately rally much higher, but my weekend research suggests the US & Global markets will stay in a low liquidity phase for about 7 to 10+ days after the election and I believe THAT is the reason why Gold & Silver will appear TRAPPED in a sideways price range. Ultimately, we'll see what happens with Gold and Silver and if my research is correct or not. I just wanted to alert traders that Gold/Silver and other metals/miners appear to be trapped in a price anomaly event over the next 10+ days that suggests metals will fall downward, trade within a sideways price range, and attempt to move out of that range after November 11. Let's see how it plays out. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
COMEX:SI1!Short
by BradMatheny
SPY/QQQ Plan Your Trade 11-1 Update: Silver Still LeadingPlease watch this video to understand why I believe the downside risks are still dominant related to price trending. Yes, we've seen a solid recovery today, but watching Silver and RSP, it appears the Excess Phase Peak pattern is still progressing toward a breakdown new low. I urge all traders to stay very cautious of the risks throughout today and Monday. The markets need to climb higher quite a bit to invalidate this pattern - and I don't see that happening before Nov 5. Buckle up. Get some.
COMEX:SI1!Short
by BradMatheny
Gold & Silver Enter Phase #3 of the Excess Phase Peak PatternGet ready. Both Gold & Silver have moved into Phase #3 of the Excess Phase Peak Pattern - suggesting Gold & Silver will consolidate briefly before either attempting to break downward toward an ultimate low or revert higher, trying to take out the recent highs. I estimate that Gold and Silver will break downward as fear and panic settle into the market ahead of the US elections. If you've been following my research for the past 4+ weeks, you already know I predicted this move nearly a month ago, and now we are seeing Gold and Silver roll strongly to the downside. What is interesting is that they both set up excess phase peak patterns. Gold set up a very quick Phase #1 & #2 (flagging) pattern, whereas Silver's #1 & #2 setup took much longer. I believe Silver is leading the markets a bit right now throughout this Excess Phase Peak pattern. If my research is correct, Gold and Silver will break downward over the next 4+ days to identify a substantially lower low - the Ultimate low. After that, Gold and Silver will base/bottom and move into a very strong recovery phase. Are you ready for market opportunities over the next 5+ years? Follow my research/videos to learn how you can capitalize on these big moves. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
COMEX:SI1!Short
by BradMatheny
2
SPY/QQQ Plan Your Trade Update For 10-31: Halloween BreakdownThis short video discusses why traders need to prepare for a downward move and the eventual move into Phase #3 of the Excess Phase Peak pattern (consolidation). I believe this consolidation phase will be very short-lived. So be aware of the continued risks to the downside. This election has many traders concerned about pre-/post-market jitters. Bonds continue to put pressure on the debt markets, and Gold and silver are not contracting downward (as I suggested), reflecting a real panic-type trending mode. Spend a bit of time watching my past videos. It is very impressive that you called this move 3+ weeks in advance, and I continue to believe we will see a base/bottom setup just after the election. So, there is still a boatload of opportunities for skilled traders. Buckle up - this move downward is likely to be very volatile. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPY
by BradMatheny
6
SPY/QQQ Plan Your Trade For 10-31 : Consolidation PatternToday's video highlights the power and simplicity of what I attempt to do for all of you. I'm not perfect. I don't see into the future using some magic crystal ball. I use my tools and skills to watch the markets and apply my knowledge to the charts to identify the most likely future outcome. My SPY Cycle pattern predictions seem perfect, showing a top setting up between Oct 29-31, then rolling into a reasonably sharp market decline. Yesterday's Excess Phase Peak pattern in Silver seemed to lead to weakness in the markets while the SPY was attempting to break through the Flag Apex pattern. Combined, this cross-market weakness has translated into a very strong overnight selling event where the SPY is already off more than 0.50% and Gold/Silver are struggling near recent highs. I hope viewers are learning from watching my charts and research. I try to explain things as clearly as I can and show you how to apply these techniques on your own. As I state in this video, you can build better skills. You can improve your abilities to attempt to see into the future (a bit) and learn to apply better trading abilities. You don't have to be tied to failed techniques and indicators the rest of your life. It just takes some patience and a lot of learning. Anyway, I hope you see how my effort are helping you and I will continue to do my best to educate you and help you stay ahead of these market trends. Get some... #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
2
SPY/QQQ Plan Your Trade EOD Update For 10-30: ConsolidationWhat an interesting day regarding how the markets reacted to the Flags and APEX setups. My update video was perfect as we saw the market break away from the Flag Apex and trend downward almost all afternoon. With BTCUSD moving into a Flagging formation within a potential Excess Phase Peak pattern near $72, things are about to get interesting. Either we see the breakdown of support in the markets over the next 4-5+ days or we see support hold and the markets rally a bit higher going into the long weekend. It's an either A or B type of scenario right now. I estimate fear and uncertainty drive the markets about 3.5 to 5.5% lower before the election. Buckle up and prepare for real market volatility. By tomorrow's end, make sure you are protected from risk. Beyond that, at this point, it is a wait-and-see type of situation. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
3
SPY/QQQ Plan Your Trade Update : Shift Market Trends - BUCKLE UPThis update is to show you why I believe the markets have already started moving into the low-liquidity phase I have been suggesting for more than 3+ weeks. This low-liquidity phase will happen as we move closer to the US elections. Simply put, traders are very anxious regarding the outcome of the election and the chaos that may happen after the election. Because of this, I believe many traders have already pulled capital away from the markets and are sitting on CASH. This lack of market liquidity could present a very real risk of a FLASH-crash type of event. So, BUCKLE UP. Metals shifted downward (silver is leading almost all other markets with very clear patterns/setups). BTCUSD appears to have peaked and is rolling downward. The SPY is about to APEX into a new FLAG APEX - thus we should expect extreme volatility over the next 3+ hours of trading. Possibly leading to a strong downtrend near the end of trading today. And, I believe all of this points to the lack of liquidity event taking shape. Moving the markets into a type of low liquidity PANIC mode (downward). Play safe and Buckle Up! Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
BITSTAMP:BTCUSDShort
by BradMatheny
SPY/QQQ Plan Your Trade For 10-30 : GapUp-Higher PatternToday's pattern suggests the markets will attempt to GAP higher at the open, then continue to trend upward throughout the day. I go into great detail in this video trying to highlight the setups and constructs of price for my followers. We are moving into a very volatile period for the markets with what I believe will be a low liquidity event taking place throughout the election. My thoughts are that liquidity will dry up later this week and early next week before the election day (we also have a Holiday on Monday). So, if my analysis is correct, we are going to be looking for the US and global markets to clearly illustrate extreme anticipation/fear related to who the US will elect. That should translate into extreme potential market volatility. I urge traders to watch this video (and some of my more recent videos). Now is the time to prepare for this extreme market volatility and to learn to PULL AWAY from risks. There is no reason to be trading like normal throughout this event. By late today or late tomorrow, you should really ask yourself "how much are you willing to risk throughout the election event and long weekend". Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
2
SPY/QQQ Plan Your Trade Update For 10-29 : Ripper Apex BreakoutThis short video highlights the Apex Volatility breakout in the SPY today and shows the ripper rally in Gold & Bitcoin. If you've been following my research, you already know I called these moves many days ago. If you are new to my videos, this is an excellent way for you to see what I do, learn from my videos, and attempt to see now my research fits into your trading style. My single goal is to make you a better trader - and I hope I'm doing that with all the content I provide. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
4
SPY/QQQ Plan Your Trade For 10-29 : Gap Defender PatternToday's SPY Cycle Pattern is a Gap Defender in Counter Trend mode. Even though I forgot to show you the pattern page in this video, today's video suggests the SPY will attempt to protect and defend yesterday's opening gap price range - possibly attempting to move a bit higher as I predicted. With Bitcoin rallying away from the consolidation range, I see this as a "move to hedge against fear". I believe Gold and Silver could make a strong move higher as this hedging moves across all fear-base hedge assets. Additionally, both presidential candidates support renewed legislation for Bitcoin & Cryptos in the US - so either way I believe the digital currency world is ready for US involvement. Right now, I see the markets as trying to make a "last gasp effort" at a rally into Wednesday. Then, I believe the markets will roll into a broad contraction phase setting up just before the election as liquidity vanishes from the markets. Price volatility should be EXTREME between Nov 1 and Nov 6. Play the next 2 weeks very smart. Otherwise, your lumps could be painful. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
3
SPY/QQQ Plan Your Trade For 10-28 : Top Resistance PatternToday's SPY Cycle Pattern is a Top Resistance pattern in Countertrend mode. I believe this pattern will represent a moderate early topping price action in the SPY/QQQ - resolving slightly to the downside, then rolling into an upward price trend near the end of the day. The reason I believe this to be the case is because of two factors. A. The Countertrend mode suggests the top will actually be a moderate bottom in price (a pullback resolving as a base/bottom). B. The continued bias for the markets is slightly upward, thus I believe the SPY/QQQ will attempt to reach new intermediate ATHs before we start to move into the pre-election downtrend. Gold and Silver will struggle today as both appear to be consolidating in a FLAGGING formation. Bitcoin is still consolidating in the Phase #3 sideways consolidation pattern of the Excess Phase Peak pattern. Everything is playing out generally very well aligned to my research and cycle patterns. Last week I warned that market price would likely be very difficult in comparison to my SPY Cycle Patterns and that traders should begin to move to protect capital. This week is the last week you have for any upside opportunities. You need to plan to protect capital (if you plan to) before the pre-election correction. I believe skilled traders will be able to move back into the strongest sectors at a 5.5 to 8.5%+ pullback just after the elections. That is a smart move if you can pull it off. Also, don't hold any Gold/Silver futures contracts through the 2-3+ days around the election day. Volatility will be EXTREME and unless you can take the lumps (margin calls), I don't advise anyone trying to trade metals on November 5-6. If you do, get in and get out QUICKLY. Here we go... Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny