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...
Good 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...
Happy 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...
Today'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...
What 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...
Here 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. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Well, 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...
Today'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...
Today'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...
Today'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...
I 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...
Back 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...
Thanks 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...
Afternoon everyone, As I continue to prepare more research for all of you going further into July, I wanted to share my belief that the SPY/QQQ will retrace shortly. I expect this retracement to happen near 7/15~7/20 and possibly last 1~3 weeks. Price trends don't always go straight up or straight down. That's why you must learn to take advantage of my research...
Good morning, This continued Plan Your Trade video series will continue for a number of week further. I continue to receive wonderful comments from viewers suggesting these videos are really helping them develop better skills and profit from market trends. Remember, these patterns, and my analysis, is not 100% accurate all the time (DISCLAIMER). I do my best to...
Today, I will share how I plan my trades for the second half of 2024. I am not trying to make any predictions here, as no one knows the exact day or hour. However, when a big move or turnaround begins, we will be able to recognize what is about to come. Micro E-mini Nasdaq Futures & Options Ticker: MNQ Minimum fluctuation: 0.25 index points =...
Thank you for all the great comments and suggestions. I love the fact that I'm helping so many traders find success with my research. This video is really a recap of this week while we head into the 4th of July holiday and Friday's big Momentum Rally day. Please take some time to review the other videos I have posted on TradingView to learn better techniques and...
Good morning, This continued video series highlights my SPY Cycle Patterns and attempts to teach you how to read these patterns and the price charts to plan your trades throughout the day. Remember, I'm only looking for the best opportunities for trading profits. I plan to avoid any CHOP or sideways price action as it is not my style to scalp in and out of...