SPY/QQQ Plan Your Trade 7-25 EOD Wrap-up - Kamala-CrushThis is an End Of Day wrap-up related to the continued downward price trends the US markets are experiencing.
As I continue to research why the US markets are contracting so suddenly, the only thing that makes sense to me is what I call the "Kamala-Factor."
Suddenly, last weekend, Kamala Harris went from the sidelines to front-n-center.
Monday, everyone talked about Kamala Harris as the new Dem candidate after Biden pulled out of the race.
By Tuesday night, Kamala Harris had secured enough delegates for the Dem nomination.
Wednesday morning - the markets CRASHED.
Today, we saw a little bounce near support, but the markets continued to sell downward into the close.
As far as I'm concerned, this is actually FEAR related to Kamala's policies, plans, and leadership. Traders/investors are suddenly moving capital away from sectors they believe could be at risk of a further collapse.
This is the only reasonable response to the sudden collapse of the major US indexes—gold, Silver, Oil, Transportation Index, and others—while the VIX suddenly shot up to 18+.
The short story Kamala Harris scares people, particularly investors/traders and large investment firms. As a result, they are moving capital away from risk factors before the US POTUS election.
We need to see the US markets find support, or we could be in for a deeper market downturn.
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 7-25 : Temp-Bottom UpdateGood afternoon everyone,
Today's Temp-Bottom pattern played out perfectly after what I'm calling the Kamala-Shakeout on 7/24.
The SPY price is struggling to find support near the 2x StdDev lower channel and appears to have bounced higher into a new short/intermediate-term Bullish price trend.
If you've been following my research, you already know how powerful and accurate my SPY Cycle Patterns are and how they do not take into account news, politics, or other outside crisis events. They are psychologically reflective of Fibonacci/Gann price cycles/structures—nothing else.
I believe the SPY will attempt to squeeze higher into the close today, setting up another bottom-reversal pattern tomorrow (a counter-trend Top Reversal). The Counter-trend type suggests the pattern will be inverted.
If my analysis is correct, we'll see the SPY move into a more solid Bullish price trend by tomorrow and then continue to try to break above the $560 level again.
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 For 7-25 - Deep Low Bottom (Gap Fill) This is a rather long video (about 23 minutes) - but I wanted to go over the unique situation presented to us with what I'm calling the "Kamala Shakeout" related to yesterday's deep selling trend.
This video is very clear. We are still in a technical Bearish trend, and I've highlighted the levels needed to switch to a Bullish trend.
Today's SPY Cycle Pattern is a Temp-Bottom. I'm expecting the SPY to attempt to identify support and roll upward - starting a price reversion that may see the price move above $555 over the next 2~5+ days.
But, right now, I'm more concerned with early morning selling pressure trying to fill the GAP Window from early June.
Remember, I'm trying to suggest a pattern reaction (a Temp-Bottom pattern) while highlighting the KEY Ultimate382 levels as confirmation levels for Bullish or Bearish trending.
Yesterday's big selling move was, in my opinion, related to unknowns focused on Kamala Harris' run for POTUS. I believe the markets were waiting for any catalyst related to the uncertainties of a Harris Presidency, and those concerns were reflected in the selling pressure we saw yesterday.
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 - 7-24 : Review & The Kamala ShakeoutAfter a long drive and trying to get through LA, I wanted to discuss what I believe is taking place in the US/Global markets. What I call the "Kamala Shakeout".
Over the past few weeks, there has been much news related to Trump/Biden and the potential election consequences.
But all of those expectations changed because of two rather large events..
_ the assassination attempt on Trump
_ Biden's withdrawal from the race - resulting in Kamala Harris's rise.
Now, I believe the markets are starting to digest the amount and scale of uncertainty related to a new POTUS candidate (with almost no knowledge of her policies, plans, and expectations) and the outcome in November (only 90+ days away).
IMO, what we are seeing right now is actual FEAR related to the unknown factors centered around Kamala Harris.
I believe voters and businesses already had expectations related to Biden/Trump (either outcome) based on the past 8 years. Now, with Kamala Harris, who knows what the expectations are related to plans, policies, and expectations?
That is why the markets rolled as hard as they did today. The markets are pricing a new degree of uncertainty and will continue the Kamala Shakeout until the dust settles.
I'll fill you in with more details tomorrow morning.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade - SPY Seeking Support for Base/BottomHere is a quick video highlighting the News Event-driven price action today.
My SPY Cycle Patterns don't predict or operate off news cycles. They are based mostly on Fibonacci/Gann research/cycles.
Today's price action is a great example of when patterns fail to predict price trends accurately. But one has to understand that today's price movement is like throwing a huge rock into a tiny pond—it makes big waves.
That is how traders are interpreting the TSLA news today.
Even though the previous quarters were slightly worse than Q2:2024, traders anticipated any negative news that would push the markets downward (it appears).
My analysis has not changed. I'm looking at the price and thinking, "Boy, this is going to be an incredible bullish reversion setup for skilled traders."
In order words, when the selling pressure stalls/stops, prepare for a big rally above $556-557 on the SPY as a reversion move.
Earnings are sometimes challenging to trade through. Big news can throw some big price swings as data hits.
Buckle up. It will be interesting to see how the price reacts through this week's and next week's end.
Based on my SPY Cycle Patterns, I'm still preparing for a bullish rally phase.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade For 7-24 - Harami~Temp BottomGood morning all,
Boy, my friendly group of traders was reviewing the TSLA and GOOG data last night for any signs of weakness or strength.
The earnings data did not settle well with traders, and the markets were a bit lower this morning. But, simultaneously, I'm trying to tell my followers to let the dust settle after yesterday's data.
I was taught "it is a market of stocks - not a stock market". Don't think of it as a single unit - it is multiple (thousands) of stocks competing for your investment dollar.
And, as I'm still reading the data, I believe the US stock market is healthy and efficient in terms of earning power and future expectations.
Because of my expectations, I'm urging my followers to consider something somewhat unique. Today's SPY Cycle Patterns should be a Harami pattern, but tomorrow's is a Temp-Bottom.
I suspect the Temp-Bottom pattern may blend in with the Harami pattern today - setting up a very clean type of double-bottom or price base for the SPY/QQQ.
My data suggests we are moving into a reflation/recovery phase (higher), but the news/data (earnings) has shifted price action to the downside. The base/bottom is playing out today and tomorrow as the price attempts to find/bounce off support.
We'll see how today plays out. Please pay attention to my warning related to today's downward price trends. There is a lower gap that could get filled on a deeper downward price trend - but I'm looking for new or recent lows to set up a Base/bottom today. Then, I expect solid reflation/upward price trending over the next 5~10+ trading days.
SPY/QQQ Plan Your Trade 7-23 EOD Wrap-up - Tomorrow's HaramiToday's Flat-Down pattern could not have played out any better. My SPY Cycle Patterns predicted today would reflect a moderately flat trading range that drifted downward - sure enough, that's precisely what we saw today on the SPY.
Now, we move into tomorrow's Harami pattern. Although we may see a broad price high or low (price volatility), we are nearing the APEX of a moderate price FLAG pattern. Price can become very volatile near these areas as price attempt to break away from a tighter price channel.
I expect the open-close range to stay very narrow tomorrow. The high/low range may be bigger than today's total candle range, but ultimately, I think tomorrow's open-close range will be very tight and narrow, possibly setting up a Doji-type candle.
In the broader sense of the SPY Cycle Pattern trends, we are moving into a basing/bottoming setup that should resolve to the upside on Thursday/Friday. So be aware that the recent lows may be a great opportunity to setup for the Thursday/Friday base/bottom SPY patterns.
I know many of you are relying on these patterns, and I started this to prove that my technology works and can provide greater insight for traders. Now, I have to decide whether to continue doing this or take a break.
I have enjoyed teaching my techniques and systems to everyone, and I love the comments. However, I also want to protect my technology and resources.
So, I would love to hear from you guys. Do you want more of this? Do you want me to continue this for another few weeks?
Let me know what you guys think.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade - MENT Pressure System: Building SuccessHave you seen my Plan Your Trade videos yet? Maybe you should take a break and watch a few of them.
Part of my effort to help traders involves building a new Pressure System - designed to deploy some of my favorite Fibonacci price constructs and the latest tools.
One of the new tools I've been working on is the MENT Pressure System. I would like to make it adaptive (self-adapting to price trends/rotation), but that may take another 10+ days of work.
I just completed an update in which the Pressure system is applied to Bollinger Bands to help traders develop trigger confirmation and find better trade triggers.
My belief is that using my SPY Cycle Patterns along with something like this new Pressure System should provide a clear advantage for day traders and swing traders.
When I suggest the SPY Cycle Patterns are Basing/Bottoming (like I've been suggesting since late Thursday (7-18) and into Friday (7-19), traders need to understand I'm hinting that price is transitioning into a basing/bottoming phase - looking to shift back into a bullish price structure.
Ultimately, I would love it if traders could use my SPY Cycle Patterns and my MENT Pressure System to pick the best trades (staying away from count-trend trades and learning to trade what I call "the Sweet Spot."
I welcome any feedback you may have after watching this video.
It is a lot of fun to receive your comments and suggestions. Together, I hope to build as many followers as possible and help as many traders as possible.
Let's GET SOME.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade - 7-23 - Price Consolidates Before RallyGood morning,
This is the Plan Your Trade video for July 23, 2024.
Please watch this video to learn why you may want to consider the next 36+ hours as a STAY AWAY type of trading range.
The SPY Cycle Patterns suggest the price will consolidate today (23) and tomorrow (24) before attempting to move into a solid Rally phase on the 25.
I believe the next 36 hours should only be played by skilled day traders. When the price stays choppy and in a very tight range, there is minimal opportunity to catch moderate swing trades.
Remember, any price move below 554 on the SPY chart will likely be rejected higher - setting up multiple base/bottom levels over the next 36 to 48 hours. Those moves below 554 may become solid entry levels for my expected Bullish rally phase on the 25th and beyond.
This is one of those lessons where the patterns show very tight price ranges over the next two days. That reflects a minimal opportunity for day traders.
But remember, we are basing/bottoming ahead of the 25th+ rally phase. So, this still presents an excellent opportunity to plan/prepare/execute a broader trading plan.
SPY/QQQ Plan Your Trade For 7-22 - Making Your Own DecisionsMorning again,
This morning, I received many questions from subscribers and other members asking, "What should I do?" Should I buy, wait, or what?
I won't tell you guys what to do every 10 minutes. I deliver this research, the SPY Cycle Patterns, and other content to help you make better trading decisions.
I put together this video to better explain my expectations about the morning rally and subsequent pullback.
This is very important because my job is not to tell you when to trade and what to do. My job is to teach you the skills to make your own decisions.
Honestly, if you don't know what you want to do regarding trades, don't take any trades at all. Wait it out a bit.
I know all of you want to know what's going on in my head, but it is illegal and unethical for me to tell you what you should do regarding trading.
I deliver the most precise content I can - ensuring you see and understand what I believe is likely to happen. From there - you make all the decisions.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade - 7-22 - Pressure System ImprovementsThis is a short video showing you the progress I'm making on the MENT Pressure System for daytraders.
When I started this project, I was looking for a way to help daytraders understand trending, pullbacks, targets, and moderate price rotation.
I knew some of the techniques I use could help, but I wanted to create a visual solution to allow traders to SEE the opportunities, trends, and other setups. So, I decided to try to create my own solution.
After about 4+ days of coding and playing with PineScript (only putting about 1~2 hours a day into the project) - this is the current project and how it works.
The one thing I'm very pleased with is the Fibonacci Price Theory module. It does almost everything I wanted it to do right now.
Currently, I'm working on better identification of triggers, targets, pullback "Air" and other features.
I just wanted to show it off a bit and to highlight the new Adaptive MA system - which I think will help identify the missing components.
I welcome your feedback.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trae For 7-22 - Topping PatternGood morning,
I hope all of you had a wonderful weekend.
Today, we start the trading week with a Topping pattern on my SPY Cycle Patterns. That means we should see the SPY/QQQ rally higher, attempt to find a resistance/peak price level, and then roll downward (moving away from that resistance area).
Over the past four weeks, I've been amazed at the accuracy of my SPY Cycle Patterns. Can you believe I've been able to predict more than twenty trading days into the future—calling rallies, selloffs, tops, bottoms, and congestion periods almost perfectly?
Sometimes I get the "well, you were wrong about WHATEVER" type of comments from viewers.
I may have been wrong about one or two things in my expectations related to how price would move, react, or trend. But, I challenge anyone to attempt to accurately predict 3+ weeks of future price trends, action, direction, or expectations as I do. If you think you can do any better than what I'm doing - go ahead and give it a try. Let me know how it works out for you.
Again, I'm not suggesting my SPY Cycle Patterns are 100% accurate, but I've never seen any other technology or AI like it. Nothing on the planet can predict the SPY/QQQ future price moves like my SPY Cycle Patterns and my own skills applied to interpreting them to reflect accurate future expectations.
We have one more week to go with the SPY Cycle Patterns, and then I have to decide if I want to continue giving this away or not. Hearing all the great comments has been fun, but I want traders to understand this is a premium solution. This is not the average comment/suggestion you get from someone else.
In my opinion, and you can make this decision on your own, this proven technology appears to work better than anything else I've ever seen. There is no place where you can see 2~3 weeks into the future for the SPY/QQQ and have any confidence in the data presented.
Get ready. We have 2~3 days of basing/consolidation before we shift into a moderately strong bullish breakout/rally phase near the 24~25 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 7-20 - PineScript Project FeedbackI've been playing with this little project for about 7 hours now (off and on). Pinescript is fun once you get the hang of the syntax and how it expects objects/booleans for most of the conditionals.
Overall, I think this project is moving along nicely, but I wanted some feedback on the visuals.
I'm trying to create something that will help daytraders see and understand broad trends arising from shorter-term price swings.
I get a lot of questions related to how/when to identify key market price reversals - so I'm trying to develop a way to help traders understand and see where opportunities exist for better trades.
Watch this video and let me know if you see anything I can do to improve the visuals or color controls.
I want this to SHINE so people fall in love with it.
Thank you.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade - Building Solutions For Better TradersTo help as many traders as possible, I took on the task of trying to build a Daytrading Pressure monitoring system to identify better trends, pullbacks, and swing trade setups.
This example video was created after only about 5 hours of work on the script (debugging/testing), and I still have about 6+ more days of development before this script may be ready for public use, but...
Look at the results I've been able to achieve so far.
My work trying to recreate my Fibonacci Price Theory concepts is proving very valuable. I've created three unique FPT constructs (Standout, Unique, Ultimate), and I believe teaching this concept will greatly improve trading results for many people.
Next, I will work on my Pressure Indicator (near the bottom). Right now, it only reflects 3-bar rotations in pressure. I want it to be adaptive and dynamic, so I have some work cut out for me over the next 6+ days.
Ultimately, this tool (and others) could help thousands of traders better understand FPT and the scope of price moves at various intervals.
I aim to create a PineScript tool/utility to significantly improve traders' overall results.
I welcome any feedback you may have at this stage of development.
Get Some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade 7-19 EOD WrapUp - Learning A vs. BWhat an incredible week for all of us! The big price swings early in the week banked some big success with my SPY Cycle Patterns. Today, the bearish exhaustion pattern was much tougher to read/play for some—and that could have been my fault.
I want to review something I try to clarify in my videos - the A (Success) vs. B (Failure) concept.
I learned this from a Prop trader in the North East a long time ago. He called it "Failure To Succeed vs. Failure To Fail". It is much easier to call it Success or Failure (IMO).
My research/content is based on a simple A vs B structure.
Either my expectations will be correct (A), or they will fail (B).
I want you to be able to make skilled decisions based on the content, pattern, directions, and expectations I deliver in my videos.
As I tell many clients, "I do the research - you make the decisions."
This video will highlight WHY I never took a trade today. My expectations continued to FAIL all day long. Sometimes that happens.
There are more trading opportunities next week - right? No worries.
If you have time, please review some of my recent videos to identify the A vs B content/structures I present. I want all of you to gain success using my tools/research. Part of that is learning how I view the markets/trends.
The A vs. B structure is very important to learn - because all of my research is based on this simple technique (and a lot of Fibonacci Price Theory, which is also included in this video).
Stay safe this weekend.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade For 7-19 - Bearish Exhaustion??Where's the Bearish Price Exhaustion pattern I predicted? Why is price waffling downward? I thought we would see a bigger upward price reversion setup.
Yea - I know. I thought we would see a bigger upward price reversion in early trading, too.
This is how things go with the markets. You can't force them to do anything. You have to be prepared to make the best of whatever the situation is right now.
I was asked recently if I thought buying a few Call options near today's lows was a good idea (related to next week's potential rally setups). Although I won't tell anyone what to do with their trading account - statistically, starting a small "anchor position" relative to price expectations 5 to 15+ days out is not a bad idea.
I do that with my swing trades often. If I think something is going to move, but I don't have confirmation of any future price moves on my charts, I may start by buying 5~10 shares as an "Anchor Position" to remind me to keep an eye on it in the future.
I created this video to help you understand what I'm thinking and why I'm not too excited about what I see in the SPY.
Buckle up. Things may get a little crazy later today with a squeeze.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade for 7-19 : Bearish Exhaustion (Bullish)Good morning,
Today's pattern is a Bearish Exhaustion in Trend mode.
This pattern suggests the selling pressure is abating/stalling and price may attempt to revert back up to the $560-561 level over the next few trading days.
I believe price is entering a new FLAGGING formation that will resolve sometime near July 24-25 (as my SPY Cycle Patterns have predicted for over 3+ weeks now).
I continue to receive many comments from readers, and I appreciate all the love and support you've shown me.
Now, as we move into this flagging formation, we will see how the SPY Cycle Patterns can help us scale back out allocation levels (trade sizes) while we wait for the next big trending phase to start.
Remember, the SPY/QQQ will likely continue to consolidate into a tighter FLAG type of formation over the next 3+ days before we start to see a moderate bullish price breakout near July 23-24-25.
I hope you guys are enjoying all of these videos. It has been a lot of fun creating them for you. The feedback I've received has been incredible.
Happy Friday. Get Some today.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
US100 Outlook ICT ConceptsUS 100 Analysis
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on US100, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
💡Previous Analysis Review:
In our previous analysis, we anticipated a break in the market structure (MSS). Following this break, we saw a retracement higher into the Fair Value Gap (FVG) before the price continued to move lower, as expected.
📍Current Market Overview:
At the moment, the price is situated at the 50% level of the range. We can foresee the price potentially expanding further downwards to target the Equal Lows (EQL) and the Sell Side Liquidity (SSL). Additionally, a tap into the Daily Fair Value Gap (FVG) is also within the realm of possibility before a move higher.
🔍 Identifying Key Levels
The chart highlights several significant levels and zones that influence the current market behavior:
• PWH: Previous Week High, indicating recent market highs.
• PWL: Previous Week Low, serving as recent support.
• MSS: Market Structure Shift, indicating a change in the market direction.
• SIBI: Sell-side Imbalance, indicating areas of market imbalance.
• Daily FVG: Daily Fair Value Gap, highlighting areas of imbalance on the daily timeframe.
• SSL: Sell-side Liquidity, areas where sell orders are placed.
• EQL: Equal Lows, indicating levels of support and potential liquidity.
📊 Key Considerations
• Current Price Position: The price is currently trading around 19,704.9, after breaking the MSS and retracing back higher into the FVG before continuing lower.
• Range Midpoint: The price is in the 50% of the range.
• Daily FVG Reaction: The Daily Fair Value Gap is expected to act as a significant support zone if the price reaches it.
• EQL and SSL Levels: These levels below the current price are significant areas to watch for a potential retracement and liquidity grab.
📈 Bullish Scenario
Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met:
• Expansion Lower: The price may expand lower to take out the Equal Lows (EQL) and the Sell-side Liquidity (SSL).
• Daily FVG Tap: A potential tap into the Daily Fair Value Gap (FVG) could provide support.
• Retracement Higher: After sweeping the EQL and SSL, and reacting at the Daily FVG, we can expect the price to go higher.
📉 Bearish Scenario
A bearish scenario should be considered if the following conditions are met:
• Minor Buy-side Liquidity Taken: For any short case scenario, we need minor buy-side liquidity (swing points) to be taken first.
• Continuation Lower: After taking out the buy-side liquidity, the price may continue lower.
📊 Chart Analysis Summary
Bullish Expectation: The expectation is for the price to potentially retrace lower to take out the EQL and SSL, tap into the Daily FVG, and then go higher.
Bearish Expectation: For a bearish scenario, we need minor buy-side liquidity to be taken out first before considering short positions.
Understanding these key levels and the current market behavior helps in making informed trading decisions.
🙏 Thank you for joining us!
Exploring US100 today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
SPY/QQQ Plan Your Trade 7-18 EOD Wrap-up - Crush Turns BULLISHGood afternoon everyone,
I've been running around taking care of my father the last few days - but these big price rotations have been very exciting.
Can you believe how accurate my SPY Cycle Patterns have been over the past 3+ weeks?
I'm getting comments from people calling me the GOAT and saying how "galactic" my analysis has been to help their trading.
Well, get ready. Now, I'm building a new PineScript utility to help day traders. When I finish it, I hope it will be everything people want to help them stay on top of intraday price swings.
Watch this video to learn why the next three days are your opportunity to position for the next big price swing (Bullish).
Learn why tomorrow may see price revert higher before stalling into a sideways consolidation channel for about 2~3 days.
Then, on or after the 24th, we should see the SPY start to make a solid upward price move - leading to a bullish rally phase targeting the $606 level I suggested months ago.
Get ready; this is going to be an exciting price move for all traders.
And please share my videos with your friends if you like my work.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
How will the market react after the next US election?How will the market perform if either Biden or Trump wins? That should be an easy question to answer, as we can track the market performance on the first day each became President of the United States.
Micro E-Mini Nasdaq Futures and 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 7-18 - CRUSH : Answering Questions Everyone has been messaging me this morning... And I expect that to happen, especially on a day like today.
First, most people are asking me if I changed my expectations related to the counter-trend CRUSH pattern. The answer is NO - I don't usually alter my analysis. If the pattern does not do what I expect, I'm usually just sitting on the sidelines waiting for the pattern to be set up.
Second, understanding Trending vs. Counter-Trending. Remember, I use a 3 to 5-day average trend when I'm trying to identify the direction of trend. I don't like to look too far back because I've seen these patterns react to very short-term trend changes.
I still see the Counter-Trend CRUSH pattern as generally bullish. Today's early morning downward trend is a flash of buyers/longs.
Lastly, when would I try to enter any trades today? This video clearly shows why I would wait for the $555.50+ level to be breached before I try to enter any LONG trades.
I don't try to pick tops or bottoms. I've seen that/done that before, and it usually ends up VERY BAD (lol). If that's what you want to do - go for it.
Me? I'm going to wait for some type of confirmation of the upward price trend and wait out this downward price trend. Once I get solid confirmation of an uptrend, then I may consider jumping into some Longs or Calls.
You don't have to trade like a Banshee every day. All you need to do is find one or two good trades daily (if they show up). Tomorrow is another day full of opportunities.
So, sit back - watch this video, and learn to be patient. Oh, and don't try to stand in front of a freight train - you'll get RUN OVER.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade Major CRUSH Pattern UpdatePlease be very cautious with today's Major CRUSH pattern. These are usually very big-range price bars, and they can be very dangerous if you are caught on the wrong side of a trend.
I suggest trading with only 25~50% of your normal capital if you are unsure how you want to trade. This CRUSH pattern will likely result in a larger open~close range than yesterday.
We are trying to see if price will hold above the $554~$555 support level. If so, we may see the counter-trend Major CRUSH pattern play out as a rally bar later today. If not, be prepared for a further breakdown in price.
We must see that the $554~555 level acts as support, and we must see the price REJECT near that level to prompt any type of price reversal.
This is going to be a "Buckle-Up" kind of day.
Don't say I didn't warn you about how big CRUSH patterns can be.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold