QQQ
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.
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He wasn't dead, he was just catching his breath.After a monstrous rise, the time came to catch his breath and prepare for a new year of ups and downs, but most importantly, to consolidate at this level.
Before falling, our goal was to reach $169. Based on the current formations, everything seems to indicate that the trend continues. We must observe how an expanding wedge concludes at $155, followed by other patterns at $161, and finally, a very old one at $169 USD.
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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.
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2024-12-10 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well.
nasdaq e-mini futures
comment: Beautiful bear channel and you should trade it until it’s clearly broken. We are going down but it’s weak selling. Bears barely get lower prices, even on increased volume. Means that there is also much scaling into longs for probably another big leg up.
current market cycle: Bull trend - very late and we are in the very last stage of it
key levels : 21000 - 21700
bull case: Bulls are keeping the market two sided, since the channel is shallow. Market closed only 80 points lower than yesterday. As long as bulls have strong pull backs in between, they are fine and they can scale into longs and make money. Bears have to take profits at new lows in fear of another big pull back higher. That is why we are mostly moving sideways, despite making lower lows and highs.
Invalidation is a daily close below 21000.
bear case: Bears are trying on increased volume but they are not doing enough damage to the bulls, to make more cover or prevent them from buying new lows. Bears can’t sell 21400 because we can easily test back up to the top of the channel. If bears are strong, they will keep it below 20500 tomorrow but I highly doubt that. I do think the high 21606 will hold. Trade the channel.
Invalidation is above 22000.
short term: Bullish for 21500ish. Maybe 21530. I favor one or two more legs down before Friday’s close. As of now with the structure we have, I can only imagine that we will see another full melt up from next week into year end. Maybe 22000. If this closes 2024 below 21000, consider me surprised big time.
medium-long term: Will update this over the weekend. 22000 is a possibility but a bit far for now. Daily close above 20500 would bring it in play. First target for Q1 2025 is 19000.
current swing trade: Nope
trade of the day: Selling near 21600 was perfect. Bears showed strength in that area and once we broke below 21540, market never looked back.
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.
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#EURUSDEUR/USD Update, The pair continues its upward trajectory, driven by improving Eurozone sentiment and USD softness. Bulls are eyeing a key breakout above , potentially targeting . Support holds firm near , offering a solid risk-reward setup. Keep an eye on macro data for further momentum. #EURUSD #ForexAnalysis #Trading
UPDATE for the Markets and Active H5 TradesUPDATE for the Markets and Active H5 Trades
🎂 Today is my oldest sons second birthday. We already celebrated this morning, had birthday donuts and opened gifts. Got my market time in and now...
I'm logging off for the day and going to be with him on his special day. Especially after the scary times we've been through with him the last two weeks.
Family First ♥️
See you all tomorrow!
Here's a last minute 🎁 from my son to you. Updates👇
QQQ | Pullback Opportunity with Continued Growth PotentialWelcome back! Let me know your thoughts in the comments!
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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.
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Stock Market Weekly Preview: Dec. 9th📊Stock Market Weekly Preview: NASDAQ:QQQ AMEX:SPY AMEX:IWM
In this video, we’re diving into:
🔹Stock Market & Economic News
🔹Market Direction
🔹My H5 Tools & Strategies
🔹New & Current Trades
Let’s dive in and uncover the insights you need to stay informed and strategic! 👇
QQQ The Target Is DOWN! SELL!
My dear subscribers,
QQQ looks like it will make a good move, and here are the details:
The market is trading on 526.54 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 515.69
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
SPY/QQQ Plan Your Trade For 12-05 : Harami-Inside DayToday's pattern suggests the SPY/QQQ will stay rather flat and likely close within yesterday's body range.
I'm not expecting a lot of price action today - although we could see a high/low range outside of yesterday's body range.
Gold and Silver are struggling to find support and rally from recent lows. The US Dollar's move back below 106 is positive for metals. But I urge traders to stay very cautious until they see a clear bullish breakaway pattern in metals.
I've been trying to tell everyone for 3+ weeks that the markets typically go a bit WONKY after a big election process. This year, Trump's victory was a big surprise for many, and I'm confident traders are attempting to avoid risks by staying away from making big moves before the end of the year.
Bitcoin fell back below $100k again and I believe BTCUSD could be setting up a very large Excess Phase Peak pattern. If I'm correct, we may see Bitcoin fall to GETTEX:82K (possibly $72k) as the EPP pattern continues.
It is very early in this EPP price structure, but ultimately, the EPP either continues to play out or invalidates. So, one way or another, we will either see a move down to GETTEX:82K (or below) or a rally move breaking above the $103k highs.
Again, I expect a very flat day for the SPY/QQQ. Stay safe.
Get some.
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