SPY/QQQ Plan Your Trade For 12-20 : GAP PotentialToday's pattern suggests the SPY/QQQ will present an opening price gap (in this case lower) and likely attempt to find support near these deep lows.
I really want to point out how my Anomaly call, nearly 45+ days ago, really played out perfectly.
It is so difficult for me to try to explain what I do with my research and analysis - but ultimately I simply call what I see based on the data.
The last few days have prompted me to really push my efforts to continue to deliver superior research and analysis for my followers and subscribers.
Ultimately, it is about helping people learn to become more profitable and learn to wait for the best trade setups.
Gold & Silver are moving into a CRUSH pattern today. This could be a BIG MOVE for metals - and I believe the move will be to the upside. Don't get married to this move yet. The bottom is still setting up for metals.
Bitcoin is collapsing through the EPP pattern. The ultimate low setup could still be a move below $90k, so be prepared for more downward trending throughout the end of 2024.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
NQ
SPY/QQQ Plan Your Trade Update : Big Rally Closing Out 2024Over the course of the past 6+ months, I've been sharing research and content to try to help traders all over the world learn to profit by making better decisions.
Some of the comments I've received have been very positive. But some of the comments I get are negative and some people have explained how they continue to lose money trading.
In my mind, if you are gambling with your trading account - you will likely lose money.
If you are actually trading (trying to book profits ASAP) and grow your account efficiently, you can make consistent money trading small amounts.
In order to try to illustrate this example of trading, I created a $1000 trading account and limited myself to only trading $333 (MAX) per day.
Here are the rules I set for myself...
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Trading Plan
- Start with $1000 in capital
- Break that capital into 1/3 Daily limits
- Trade no more than 2-4 times a day
- Try to target 1-2 short term-trades and 1-2 intermediate-term trades each day
- Attempt to keep my losses limited (depending on market volatility)
- If I lose more than $300, I will stop trading and reevaluate what I’m doing right/wrong
The Daily Average Goal is 15-35% or more over a 30-day period of time.
I will try to execute the trades early in the morning and share the trades with Ment.com members.
I will attempt to pull the short-term trades off as early as possible (trying to lock in gains).
I will attempt to let the intermediate-term trades run a bit longer (possibly more than 1-2 days) in an effort to catch bigger price swings.
I will not attempt to chase market trends unless I see a very clear A-B-C type of price pattern.
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After just five days of trading, my account is up over $45% and I've never risked more than $250 - $300 per day trading Options.
Anyone can do this - you just need the right tools and guidance.
You can DOUBLE your $1000 trading account every 20 to 30 days if you are diligent, consistent, and really learn to trade (not Gamble).
What is it going to take for you to learn how to trade efficiently?
I'm trying to show you HOW to do it and HOW to learn the skills to improve your life.
Get some.
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NQ - Nasdaq? Read Tomorrows Wallstreet JournalIt hasn’t made any sense for a long time now how the markets keep climbing.
Manipulation? Self-perpetuation?
Honestly, who cares why. As the saying goes:
“The dwarves dug too deep. And what they unearthed was their doom.”
Or, in another version:
“The greedy vultures flew too high, and all they found was gravity.”
In the chart, we see two pitchforks:
The orange one highlights the actual overextension.
The white one represents the moderated version.
Interpreting this image is simple if you have a rulebook you can trust—and a few decades of market experience under your belt. §8-)
1. **The price turns at the orange centerline.**
This means the market is in "balance"—in the context of the overextension.
Or…
2. **Put differently:** In the context of the white pitchfork, the market overshot the upper median line parallel. This was an overextension by a factor of 2.
**What do we do with this?**
We stick to the rulebook for median lines.
The rulebook says that when the price trades above the U-MLH (upper median line parallel), fails to hold, and drops back into the fork, the market will fall to the next line.
- **Orange fork:** Down to the L-MLH (lower median line parallel).
- **White fork:** Down to the centerline.
Beyond that, I **think/guess/predict/read-tea-leaves** that the market will fall much deeper in 2025.
Please note the distinction here:
- The first statement is the projection—the interpretation of the chart.
- The latter is a speculation (no crystal ball involved).
For me, it’s clear: medium-term **short** with multiple price targets.
SPY/QQQ Plan Your Trade For 12-19 : Top PatternToday, we should expect the SPY/QQQ to move a bit higher - trying to form a short-term top before price rolls downward again.
I urge traders to stay very cautious of early trending and look for a bigger opportunity later in the day as price rolls downward.
Gold and Silver are struggling. I still believe Gold and Silver will rally higher as fear elevates. But right now - that is not happening.
I need to see Gold and Silver move away from this panic selling before I can become move convinced of a trend.
Stay cautious if you are trying to trade Gold and Silver right now.
Bitcoin is moving through an EPP pattern very cleanly - actually a DUAL EPP pattern.
$95-$99k should be the downside price target throughout this 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 For 12-18 : Gap Up LowerPay attention to the SPDR Sectors and how they appear to be moving downward (potentially rolling into a topping pattern).
I believe the US markets may roll into a topping pattern before the January inauguration. President Biden could throw a bunch of curveballs at the US before he ends his term.
I urge traders to stay agile and protect assets. We'll have lots of time to deploy our capital after the Inauguration event.
With only a week before Christmas, I urge everyone to start trading much smaller positions and prepare for a very light trading week through Christmas.
Remember, the markets typically begin to move more aggressively after January 7-10.
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 12-17: Momentum Rally PatternToday's Pattern suggests the SPY/QQQ will rally higher - possibly attempting to find a top.
What I find interesting is the big rally in the QQQ/Nasdaq yesterday. Possibly, the Momentum Rally phase hit the NQ yesterday.
Overall, I'm still looking for the markets to attempt to roll into a topping pattern. So, I'm staying very cautious of any big market moves right now.
Yes, if you look at the QQQ/NQ, it looks like the markets are in liftoff mode (bullish), but other data suggests the markets are actually weakening and pulling into a reversion phase.
Gold and Silver will likely find a base/bottom soon. I picked up some Call options on SILJ and GDX recently anticipating the potential rally move.
Bitcoin is well beyond a 100% measured move higher. Even though I believe Bitcoin can rally to 112k - 115k, I'm urging traders to stay cautious (still).
My data suggests the markets are weakening and possibly moving into a pullback/reversion phase.
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 12-16: Inside BreakawayThis video highlights what I believe will be a rotating topping pattern setting up in the SPY/QQQ over the next 3-4+ days.
Traders should move away from risk headed into Christmas and the end of 2024.
Gold and Silver will likely make a move higher over the next 5+ days - attempting to recover lost ground from last week's selling.
Bitcoin rallied to key resistance and will likely move into a consolidated range (again).
This is the time to pull capital away from risks and sit tight through the Inauguration. I believe we'll be seeing lots of day trading opportunities with volatility - but I also believe the markets are setup for a downward price swing headed into the Inauguration.
Buckle up.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
NQ1 Weekly Bias Dec. 15-20 with Levels of InterestYeah yeah yeah, I'm bearish I get it I am a horrible idiotic terrible person. Anyway here is a starter chart for shorter term levels on the way down if that indeed is the way we go for a retracement. I think end of the year cycling out of winners is inevitable especially in the over-valued nasdaq big boys. Also looking at last week, we rejected the upper 800s, which is not a good sign. Almost looked like "they" pushed it off Friday open to see if there was any retail left. Turning from cautious to bearish based on all macro evidence and other indicators. Not full blown panic mode yet, we could possibly put on another month or three of gains, but we are much much closer to the end than anyone is talking about.
Also food for thought, when it's in the news it's in the price. There's tons of euphoria in the markets at the moment, with everyone pointing and chattering about the "Santa Rally" wherever I turn. Always be cautious when everyone is talking and feeling the same way, just my advice. Risk reward and risk management is all of trading. Reward for buying another 10% against a risk of losing 40% doesn't seem like something I really want to jump head first into at record setting levels of overvaluations metrics everywhere.
Good Luck this week Bosses, any question as always feel free to reach out or ask in the comments.
SPY/QQQ Plan Your Trade For 12-13 : Carryover In ContertrendToday's pattern is a Carryover in Counter trend mode.
As you'll see in today's video, I'm highlighting many various new features and techniques to help traders understand price movement and context related to trading opportunities.
We need to understand how to target opportunities and how to avoid risks.
I had a long conversation with a subscriber yesterday - he's struggling to understand how to trade efficiently.
Trading is all about jumping on opportunities when they hit and trying to avoid risks and overtrading.
I see so many people try to trade everything that ticks - even when they should be sitting on the sidelines and waiting for better opportunities.
If you want to gamble with your trading account - throw a dart and pick BUY or SELL (RED or BLACK).
If you want to learn how to consistently target the best trade setups, then learn to WAIT for the best setups, execute your trades, then PULL PROFITS/EXITS as quickly as you can.
You should be able to trade only 2 to 3 times a day and do very well - if you don't get trapped in trying to WISH a trade into profits.
Remember, trading is unlike anything else you've ever tried. The more time you try to WISH something to happen, the more likely you are taking on excessive risks.
I'm working on new tools to help all of you develop better skills.
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 12-12: Breakaway PatternToday's video goes into detail related to the general SPY/QQQ trending and the continued potential for a price Anomaly Event.
It is likely that the markets continue a Santa Rally phase - attempting to push higher throughout the end of 2024 and into 2025.
I want everyone to understand that the anomaly event I keep suggesting may happen is an outlier event. It would be driven by some news, political, financial or other type of market event.
If that event does not happen, then the markets will likely continue to push higher and higher.
So, remember, the markets want to push higher into the typical Santa Rally. My Anomaly event would be a potential outlier event - driving a moderate pullback in price.
Gold and Silver should move into a moderate topping pattern today - possibly pulling downward a big. This would be a goo setup for the next rally phase higher. That rally may come tomorrow or into early next week.
Bitcoin is trapped within a consolidation range. The rally yesterday was nice to see, but right now we are seeing Bitcoin struggle below resistance. So, we still need to be cautious about rolling downward. Yet, the general trend for Bitcoin right now is upward.
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 12-11: Flat Down PatternToday's pattern suggests the markets will slide downward after the CPI data came in as expected.
I believe the markets are going to roll into an Excess Phase Peak pattern over the next 5+ days - setting up a big potential downward price swing (the Anomaly Event) before the end of 2024.
Gold is moving into a CRUSH pattern today. We may see a very big price move (I suspect higher) today as traders move to hedge weakness and market concerns globally.
Bitcoin recently set a new lower low, showing us that the dominant trend is Bearish.
Bitcoin set up another potential Excess Phase Peak pattern, totaling four current Excess Phase Peak patterns in this broad sideways consolidation range.
The breakout, either to the upside or downside, in Bitcoin could be very explosive.
Remember, we continue to trade into a low liquidity price trend throughout the end of 2024. So stay cautious and stay aware of the risks for the Anomaly Event.
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 12-10: Bearish ExhaustionToday's pattern suggests the SPY & QQQ will attempt to trend downward in early trading (trying to find support), then roll into a congestion period finding a Bearish Exhaustion pattern.
As you will see in my charts, I expect the SPY/QQQ to stall over the next 3-5 trading days and then move into a correction period - trending downward before the end of 2024.
Gold and Silver are moving higher as economic data continues to suggest the strong US economy/inflation trends are putting pressure on global markets. This translates into FEAR.
The next big move in Gold/Silver may come before the end of 2024 as well - sending Gold above $2900 and sending Silver above $35.50.
Bitcoin is probably the most interesting chart - setting up a Triple Excess Phase Peak pattern in a broad consolidation range. Currently, the dominant pattern is suggesting a downward price move is very likely. Although, a break above 102k (resistance) could send Bitcoin rallying much higher.
Get ready for some big moves.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
US 100 Trade LogUS100 Long Setup (1H)
Trade Logic:
- Entry: Long within the 1-hour Fair Value Gap (FVG) located in the discount zone relative to this timeframe.
Confluence Factors:
- Bullish Momentum: The market is strongly bullish, with price action consistently breaking resistance and forming higher highs.
- Relative Aggression: While the FVG is in a discount zone on the 1H timeframe, higher timeframes do not confirm the same, making this a relatively aggressive trade.
- Supportive Context: Recent pullback aligns with the FVG, offering a potential continuation opportunity as buyers step in.
- Risk-Reward: Minimum 1:2 RRR with a tight stop-loss of 50 points, ensuring disciplined risk management.
- Target: TP1 at the next intraday resistance; TP2 near psychological levels like 15,500.
Macro Context:
- Market Sentiment: Strong risk-on sentiment in equities as major indices rally, supported by favorable economic data and dovish central bank tone.
- Tech Strength: Nasdaq constituents leading the charge with inflows into growth and tech sectors, further reinforcing bullish momentum.
- Volatility: VIX remains low, indicating stable conditions conducive to continuation of bullish trends.
Additional Consideration:
While this setup is aggressive, the bullish momentum makes it a calculated risk worth attempting. Keep stops tight and monitor if price fails to hold the FVG. Reassess if higher timeframe resistance levels come into play, suggesting a larger pullback.
Market is Bullish and More VolatileThe market is bullish and becoming more volatile after each crisis.
We can clearly observe that after each crisis—trade war, COVID-19, and inflation reaching a high of 9%—the range of its bullish trend widens.
In this discussion, we will explore strategies to navigate this volatility effectively.
Micro E-mini Nasdaq Futures & Options
Ticker: MNQ
Minimum fluctuation:
0.25 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 For 12-9: Nothing PatternI'm visiting family most of this week and will be disrupted from my normal schedule for another 3+ days.
Please be aware I may not be as available for questions/comments as I usually am.
Please watch how the markets are extremely overbought at this moment and will likely fall into a pullback mode.
I don't expect this to be a big pullback - but big enough that you should consider locking in profits before the move plays out.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
NQ Week of Dec8 Levels and Areas of Interest Part 1 (4h Chart)Shorter time frame chart with more specific near term levels, mostly bearish. Any bullish numbers refer to the Daily chart in part 1 and look for those upper level trendlines. Not much else to say on this one, any questions feel free to ask.
NQ Week of Dec8 Levels and Areas of Interest Part 1 (1d Chart)Daily Chart for NQ this week. Hard to be a bear, but looking hard to be a bull as well. When everyone expects it to trade like a 2016 Trump victory, that's normally when it doesn't. Just saying. Not bearish but cautious for sure. "They" have been sizing out since the end of July / Start of August (check the overnight gains versus us opens) and leaving retail with the bag. FOMO seems to be kicking in everywhere. That's a minor synapses without going far into the macro details, and the sizes being thrown around on dark pools. Anyway, part 2 will have shorter term areas (mostly for bear setups, bounces, dips etc).
Anything higher I have to rely on the trendlines since we are essentially in price discovery mode if we keep pushing. Looking for resistance on the top trendlines, and imagine the bottom short term trend line will be easily broken if we have any corrections. Good luck this week, feel free to ask any questions if anyone reads this :)