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.
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