Today's pattern suggests the SPY/QQQ will stay within a flat/downward type of price trend. In this video I cover Gold, Bitcoin, and the SPY. What I see is a consolidated flagging formation across many markets. As I suggested early on Monday - this week may be the week to go golfing or find something fun to do as it appears the SPY/QQQ and other are simply...
As I suggested in Monday's video, the SPY Cycle Patterns predicted today's TOP more than six months ago. Tomorrow's inside/harami pattern suggests the markets will stall out the rest of this week. I urged traders to prepare to wait out this week and sit on the sidelines. When the markets stall like this, it is best to avoid trying to trade in tight ranges. Wait...
I expect the SPY to move into a moderate bullish price phase, attempting to peak somewhere below 561-563, then roll into a moderate downward price trend - possibly ending the day near 553-556. Why do I expect the SPY to roll to the downside after peaking today? My SPY Cycle Pattern shows a TOP pattern today. Top patterns usually start with a moderate uptrend,...
Price needs to make a move if we are going to see a Bozu Trending bar today. The levels I drew in the morning video were perfect (so far). We have seen the SPY do nothing most of the day and that means price is likely shifting away from trending - into Flagging. My expectations are for price to attempt to setup a high/low range over the next 2~3 trading days,...
Today's Bozu Trending bar in counter-trend mode could be very exciting. Bozu trending bars are typically relatively large and represent a strong price trend. As we move closer to the upper GAP window, we may see the SPY rally through that window today—or we may see the SPY pull downward, away from that GAP, and attempt to retest support near 552. Please watch...
This short video shows you why I believe the US markets will move into a consolidation phase over the next 5-7 days. This phase will likely represent moderate volatility with a Bozu Trending bar on Tuesday (8-20). That Bozu Trending bar may be very explosive in price range. Sit back, wait for the lows to setup over the next 5+ days and position your trades for...
The move in the SPY today is very consistent with my Inside Breakaway SPY Cycle Pattern. Additionally, the move in Gold is exactly what I predicted would happen over two weeks ago. A dual-leg rally up to $2550. Now, we'll watch Gold rally above $2600 as this second leg appears to have considerable momentum. As we close out the week, I do suspect the SPY will...
This video highlights why I believe today's Inside Breakaway may come with some surprises. As Gold rips higher (check out my recent Gold videos) and the SPY really broke higher yesterday with a huge upward GAP and rally, I believe the SPY will stall a bit today and attempt to move higher near the end of the trading day today. I don't believe the markets go...
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In this video, I explain how news or data-driven events can substantially obscure the SPY Cycle Pattern price trends. My SPY Cycle Patterns are predictions based on Fibonacci & Gann cycles. They attempt to predict typical market price characteristics and trends. When some outside news, data, or other event hits that changes market dynamics enough to drive price...
Please take a minute to watch this video and try to understand why this big bullish price gap is data-related. Today, the data suggests Retail and Manufacturing are still clicking right along. We are not seeing any big decline in the US economy, and that means the US Fed will not consider dropping rates as inflation levels seem to be elevated. This is also part...
A Counter-Trend Carryover pattern is a "coasting" of price in an opposite trend direction. So, for today, I expect the price to stay somewhat within yesterday's range while trending downward. I don't expect yesterday's lows to be broken/breached - although it could happen. I believe today will be more like a pause in price before attempting another move...
At the request of one of my followers, he asked what to expect going forward into next week for his swing trading efforts. That is one of the great things about my SPY Cycle Patterns - they can assist in "what may happen" if we consider them somewhat accurate and reflect future price bar characteristics. So, to help him and others, I looked at the rest of this...
Please watch the other morning video I created before the markets opened. I suggested the SPY would move downward and try to find support between 539-540. It looks like the SPY has established a low just above 540 in early trading and I believe this low may have set the BASE PRICE for the day. Obviously, price could continue to push down into the 539 area, but,...
Today is a RALLY day on my SPY Cycle Patterns. After the recent base/bottom in the SPY and the subsequent reversion to the upside - I expect today's rally to be somewhat muted in size. I'm not expecting a large range rally bar to form today - although it could happen. The reason I'm not expecting a huge rally bar today is because we've already seen a very strong...
Today's SPY Cycle Pattern, the Breakaway in Trending mode, appears to have been a perfect call for today's price action. We have seen an impressive rally take place all morning long. I know it's hard to believe my SPY Cycle Patterns can predict a market trend/rally like this, especially when you consider these predictions are made months and years in...
Watching the markets this morning, it was very clear the SPY Cycle Pattern prediction of a breakaway pattern setup cleanly with the morning bullish price gap. Now, we get to watch as the markets struggle to move above recent resistance channels (and Fib retracement levels) as the Vortex Rally base continues to build. I find it very interesting to watch so many...
This morning's video covers the SPY, QQQ, Gold, Bitcoin, IWM, and more. I suspect today's Breakaway pattern will result in a moderate pause before the markets attempt to move higher. I still believe the US markets are shifting (decoupling) from global markets a bit, and we are amid a mild "shakeout." I believe the US markets must settle (establish a base)...