BradMatheny

05:20

BradMatheny

Even though my Gold Cycle Patterns suggested Gold would consolidate a bit in early trading this week, the big breakout move today shows just how undervalued Gold really is. Yes, my Gold Cycle Patterns did not predict this upward price move clearly. This is an example where my patterns/expectations did not match exactly what price did. it happens. You could say...

23:02

BradMatheny

Today's counter-trend Breakaway pattern suggests the markets will attempt to move downward (counter to the current Bullish trend) and attempt to find support. I believe the downward price move in the SPY will target the 565-566 level for a low today - setting up a solid reversal rally phase going into the rest of the week. We didn't see much downward trending...

24:57

BradMatheny

Today, I believe the SPY will consolidate downward after last week's Fed rate cut. I believe the next move for the SPY/QQQ will be higher, but I feel the markets need a pause phase to settle before moving into the rally phase near Wednesday (9-25). Overall, I believe the SPY/QQQ and Gold/Silver will pause in early trading this week, then move into a continued...

19:52

BradMatheny

This is Part II of Why The Fed Lowered Rates - My Opinion The only reason the Fed lowered rates by 50bp this week is because the global markets are reeling under pressure from a strong US-Dollar and a strong US economy. Without any relief, the new POTUS would enact new policies and push them through Congress, and the US would start another spending...

22:16

BradMatheny

There has been a lot of speculation as to why the Fed lowered interest rates by 50bp. My opinion is the Fed realized the pressure of a stronger US-Dollar and stronger US economy, headed into the POTUS election accompanied with new spending/policy related to a new POTUS, could put the global markets under extreme currency/economic pressures. So, in order to...

19:16

BradMatheny

After watching yesterday's rally phase (which I believe was a relief rally driven mostly by foreign markets), I believe today's price move will be somewhat muted. Yes, today's pattern is a Breaking (UP/DN) pattern, which suggests we may see some type of volatility event today. But overall, I believe yesterday's big price move was a volatility event, and today,...

24:08

BradMatheny

Today's pattern is a Top-Resistance pattern. After yesterday's Fed rate cut and the reaction, overnight, by the global markets, this top pattern suggests the markets will find a peak today and roll downward, away from that peak level. Overall, I'm not too worried about a major crisis top today. I believe the Fed has unchained the US/Global markets a bit with...

29:28

BradMatheny

This video is really designed to teach you some basics about Fibonacci Price Theory (FPT) Analysis. I wanted to show you how I see the charts using FPT and why, sometimes, I might be seeing things differently than you do on the charts. In my world, there are simple constructs that are evident on every chart. Supply & Demand zones, trending/flagging, and most...

17:24

BradMatheny

This video pretty much covers everything I've been telling all of you over the past 5+ days. Yes, I'm planning on waiting out the consolidation/early trading today and waiting through the Fed decision. There is no reason to jump in front of a moving train attempting to change its direction or speed. You just get run over and beat up. So, I'm going to take a...

18:53

BradMatheny

If you were paying attention to my SPY Cycle Patterns today - boy, a beautiful "top" pattern setup today. Just like my SPY Cycle Patterns predicted more than 3 years ago. If you've been following my research, you already know I've identified dual excess Phase Peak patterns that should resolve into a rollover topping pattern, sending the SPY/QQQ moving downward...

04:43

BradMatheny

This short video explains why it is so important to often wait for the markets to show you what it really wants to do - not trying to force a trade when the markets are undecided. Many traders are likely short right now - expecting a top to setup in the markets ahead of the Fed rate decision. My research suggests a top would likely form because of the dual Excess...

17:31

BradMatheny

Today's Top pattern suggests the markets will melt upward in early trading, finding resistance, then rolling over into a moderate downtrend. A top pattern is very similar to a reversal pattern. Where price moves higher, finds a key resistance area, tops, and then rolls downward away from the resistance area. In today's video, I take a quick look at RSP, the...

15:37

BradMatheny

My honest opinion related to the next 2~3 trading days is - go take a few days off and wait out the markets for the next 48+ hours. I don't believe there will be much in terms of opportunity over the next 48-72 hours as price is likely to chop around near the top of the current FLAG. The real opportunity comes late Wednesday and into Thursday/Friday as price...

22:14

BradMatheny

Please take a minute to watch this video, and possibly some of my earlier videos from this week, as we continue to see the SPY, QQQ, and Bitcoin continue to move through an Excess Phase Peak pattern. It is very important for traders to understand the eventual A/B outcome of the Excess Phase Peak pattern. For the SPY/QQQ, we are still flagging into what is very...

07:41

BradMatheny

Getting through my morning with phone calls and coding - I took a break to check on the markets and what did I see? A huge breakout rally in GOLD. This huge move higher (+$40) is a massive win for those who followed my Plan You Trade Videos. I've been saying any price move above $2565-$2575 would be a gift and traders should attempt to BOOK PROFITS as Gold...

26:24

BradMatheny

Much like yesterday's pattern, today is a Breakaway pattern for the SPY. I believe today's price move will be more muted than yesterday's big rally off the 540 lows. Combining the 830 jobs data with price expectations is difficult. I believe jobs data will be relatively soft, and traders will interpret that as the Fed may decrease rates before the end of this...

22:05

BradMatheny

Today's pattern suggests the SPY will open within yesterday's price range and attempt to "break away" from yesterday's range. I still believe we are moving into a secondary Excess Phase Peak pattern (flagging higher), which will prompt the SPY to attempt to rally to near 560. Because of this, I'm expecting a continued upward push toward the 558-560 area before...

14:49

BradMatheny

Today will likely be similar to yesterday - but slightly more consolidated overall. I belive the markets are struggling into a dual Excess Phase Peak Flag (Step #2) and the SPY/QQQ show this very clearly. This dual Excess Phase Peak pattern will result in either a breakdown in price (starting after Sept 20th or so) or a continued rally phase breaching the Unique...