SPY/QQQ Plan Your Trade 8-27 Update : Possible Long Squeeze EODToday's SPY Cycle Pattern should reflect a decidedly bearish overtone to price action. The fact that we opened with a GAP downward and have waffled around just above yesterday's closing price does not really excite me.
I see price failing and waffling around in "no man's land".
This video covers the SPY, Bitcoin, & Gold.
Stay agile. I see the markets rolling downward into the end of the day today - but I could be wrong.
Get some.
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Es!
SPY/QQQ Plan Your Trade For 8-27: Close-1 GAP Trend PatternToday's pattern suggests the GAP Trend portion reflects whether today's open is above or below yesterday's close.
If today's open is above yesterday's close, then I would expect a higher opening GAP leading to a fairly strong rally phase today.
If today's open is below yesterday's close, then I would expect a lower opening GAP leading to a fairly strong selling phase today.
These types of patterns do not often reflect a reversal bar - although reversals can happen.
Overall, I believe the bias is still to the upside. But I also believe price is consolidating in early trading this week and needs to continue to consolidate before attempting to rally again later this week (Thursday/Friday maybe).
So, I would not be surprised to see price stall out a bit today.
Let's see what happens. We may see a bit of a rally or sell-off depending on where today's opening price is and if we see any substantial Opening GAP. The bigger the GAP, the more likely we are going to see price trend.
Get some.
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SPY/QQQ Plan Your Trade For 8-26 : BLANK SPY Cycle PatternToday's blank SPY Cycle Pattern means there is no definition for today's pattern in the pattern library. I will dig into this a bit further.
At this point, when we get blank days, it is usually a fairly rare and uncommon pattern that may not develop very often. That makes it hard to identify if there are not many reference points to determine what type of price action to expect.
Still, I go into detail related to what I believe will happen over the next few days/weeks for the SPY, Gold, Bitcoin and provide a series of opportunities for traders in this video.
Remember, it is not about trying to force the markets to make a move. Often, we have to sit back and wait for the next big opportunity to setup.
I believe the next 5+ trading days will present a moderate melt-up in the SPY and Gold. I believe Bitcoin will stay rather flat after the rally over the past 3+ days.
This is why I believe the markets are transitioning into a bigger breakaway phase setting up for Sept 4~10. Thus, I believe traders need to prepare for that bigger move over the next 5~7+ trading days and stay cautious right now.
We are going to move into a consolidation/peak/top phase near Sept 20~25. So, this next rally phase only lasts from Sept 5th through Sept 21 - about 10+ trading days.
Heads up.
Get some.
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Prepare For The BOT COM BUBBLE (Starting 2026 & Beyond)I spent quite a bit of time this weekend going over my custom indexes and other research data to try to identify what and how the Vortex Rally I predicted would take shape.
I mentioned something to my followers/subscribers last week about how today feels like the early 1990s (1991-1994 roughly). At that time, interest rates were just dropping from all-time highs and the general markets were in a bit of stagflation. People were not actively investing in homes or other big assets because it was not clear what the future would bring.
The US government has just gone through the Regan Era - where spending on Starwars and other projects were considered Excessive - but that translated into a massive technology boom-cycle in the last 1990s.
Are we going to see the same type of explosion with Robotics and AI over the next 10-20+ years.
Will that lead to a massive rally phase (global & space growth industries) over the next 50+ years?
How will humanity react to a massive robotics expansion where jobs and services may be replaced by robots?
What will this transition lead to - some new type of human society/expectation where we can actually live a life dedicated to improving the human experience vs. working our entire life?
Watch this video. Pay attention to my research.
If I'm right - we are about to move into a very explosive market phase and smart traders should prepare for this move NOW.
Get some.
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SPY/QQQ Plan Your Trade 8-23 Update: Gold Rips - SPY StallsHere is a quick update related to the post-Powell expectations.
I still believe the SPY will consolidate through most of today and move into a broader rally phase next week and into early September.
Gold is RIPPING higher after Powell's comments. I expect Gold to try to break above $2600 next week.
Bitcoin is still struggling to break above the $63k level. It may make a move next week. Time will tell.
Follow my research.
Get some.
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SPY/QQQ Plan Your Trade For 8-23 : Harami Inside PatternToday's SPY Cycle Pattern is a Harami-Inside pattern. This suggests the SPY will stay rather muted today - trading sideways and likely staying between 557-560. I believe the SPY will trend upward a bit and try to close near 560.
I don't believe we'll see any big trends today - mostly just sideways consolidation.
Gold will likely attempt to move above $2450 - attempting to regain support above $2535.
Bitcoin will stay somewhat flat - probably below $61.5k as the big move won't happen till next week.
Today may be more of a "go golfing" day.
Literally, the SPY/QQQ/Gold/Bitcoin will probably stay in a very narrow range today - moving into a bigger trend next week.
Get some.
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Mag 7 Drags Down Large Cap - Potential Index Wedge FormationsThanks for checking out the video today. It was a reasonably nice selloff today, led mostly by the Mag 7 stocks. All US Indexes were in red, Nasdaq taking the worst of it around -1.60% lower.
Powell on tap for Friday with Day 2 at Jackson Hole. The market is oh so curious if the FED will cut 25 or 50 bps in September and we have plenty of news to digest prior to the official September 18 FOMC Meeting and Press Conference.
If Friday Aug 23's trading day pushes lower and helps balance out the aggressive bull moves from August 5's bottom, we could see a nice wedge pattern in the works - lower highs / higher lows.
Watch the S&P Daily 200 SMA or 200 EMA for some dynamic support. It will be interesting to see if the bulls and bears both get what they want with prices on the move through September with volatility returning to elevated levels > 20 perhaps.
Thanks for watching!!!
SPY/QQQ Plan Your Trade For 8-22 : Flat-Down PatternToday's pattern suggests the SPY/QQQ will stay within a flat/downward type of price trend.
In this video I cover Gold, Bitcoin, and the SPY.
What I see is a consolidated flagging formation across many markets. As I suggested early on Monday - this week may be the week to go golfing or find something fun to do as it appears the SPY/QQQ and other are simply trading sideways (flagging).
We'll see how things play out today.
I would not be surprized to be saying the same thing tomorrow morning.
As we close out the week, get ready for a bigger price move into late August/early-September.
Get some.
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SPY/QQQ Plan Your Trade Update 8-21 : Markets Top & StallAs I suggested in Monday's video, the SPY Cycle Patterns predicted today's TOP more than six months ago. Tomorrow's inside/harami pattern suggests the markets will stall out the rest of this week.
I urged traders to prepare to wait out this week and sit on the sidelines. When the markets stall like this, it is best to avoid trying to trade in tight ranges. Wait it out and maybe pick out a few great swing trades for next week's rally phase.
This update shows you why Bitcoin, Gold, and the SPY/QQQ will continue to stall and stay in a sideways price trend.
Get some.
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SPY/QQQ Plan Your Trade For 8-21 : Top Pattern Today.I expect the SPY to move into a moderate bullish price phase, attempting to peak somewhere below 561-563, then roll into a moderate downward price trend - possibly ending the day near 553-556.
Why do I expect the SPY to roll to the downside after peaking today? My SPY Cycle Pattern shows a TOP pattern today.
Top patterns usually start with a moderate uptrend, leading to a peak in price, followed by a moderately sustained pullback/downtrend.
The 553-556 level is the nearest moderate support level.
The 561-563 level is just above yesterday's high and well into the SPY upper GAP window, which will likely act as resistance.
Buckle up because we are moving into at least 2~3 days of trending sideways before transitioning back into the rally phase.
Gold may attempt to move above $2570 today.
Bitcoin needs to find support, otherwise a breakdown in price in likely over the next 3+ days.
It should be fun to see how things play out this week.
How to measure a true range in any asset!Hello to everyone familiar with ICT concepts!
If you already understand breakers, order blocks, and the principles of price premiums and discounts, you're in the right place.
I’m excited to share some insights with you, using the FOREXCOM:EURUSD
chart from August 20th, 2024.
One challenge I've always faced is accurately measuring the true range. It often feels like price moves towards balance, finding equilibrium before moving away again. ICT's teachings on this topic can sometimes be a bit vague, especially when it comes to the details of whether to measure wicks or focus solely on candlestick bodies. However, I’ve recently made a breakthrough and discovered the key to accurately measuring a true range!
This knowledge aligns with the idea of balances, but it’s crucial to understand that when one algorithm meets another, neither has the power to deviate far from the current price. But that's not what we need to focus on.
What truly matters is identifying when the price is moving away from its current state. This method works exceptionally well during trending markets, like we’ve seen recently with #EURUSD, #GBPUSD, and other forex pairs. It’s also effective in commodities like Gold, indices such as #NQ, #YM, #ES, and even in the crypto markets!
Take yesterday's trend in EURUSD, for example. We saw a significant 5-15 minute trend where the price perfectly retraced to its 50% level. But how did I know where to start measuring?
This time, I used a breaker from a different structure on the 15-minute chart to identify the key level. The answer lies in understanding breakers, order blocks, and supporting structures.
If this topic resonates with you, I’d love to hear your thoughts! Let’s dive deeper together—there’s so much more to explore. Feel free to share your insights or reach out if you’re curious about how to apply these concepts more effectively
EURUSD 21.08.2024 10:11
SPY/QQQ Plan Your Trade 8-20 Update : No Bozu YetPrice needs to make a move if we are going to see a Bozu Trending bar today.
The levels I drew in the morning video were perfect (so far). We have seen the SPY do nothing most of the day and that means price is likely shifting away from trending - into Flagging.
My expectations are for price to attempt to setup a high/low range over the next 2~3 trading days, then move into a consolidated/sideways flagging formation.
This is a great time to prepare for the next big move (next week) and to try to plan your trades around this Flag/Base type of formation before the Vortex Rally sends the SPY higher.
This video covers SPY, Gold, BTCUSD.
Get some..
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SPY/QQQ Plan Your Trade For 8-20 : BozuTrending Counter-TrendToday's Bozu Trending bar in counter-trend mode could be very exciting.
Bozu trending bars are typically relatively large and represent a strong price trend.
As we move closer to the upper GAP window, we may see the SPY rally through that window today—or we may see the SPY pull downward, away from that GAP, and attempt to retest support near 552.
Please watch today's video because the Counter-Trend mode of the Bozu pattern suggests we may see a downward price bar today.
I've highlighted two key price areas we need to watch regarding which direction the SPY will attempt to trend today. If we stay within those two price levels - price will stay muted today.
Otherwise, I expect the markets to BIAS to the upside but counter-trend to the downside.
It should be an interesting day for trading.
Gold is RIPPING and Bitcoin appears ready for a ripper rally.
Get some.
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Bulls Say "Can't Stop Won't Stop" - S&P 1% from All-Time HighsIt's as if the markets couldn't wait to open on Monday and continue what they've been doing for 9 of 11 trading days - push higher.
S&P +.96%
Nasdaq +1.31%
Dow +.58%
Russell 1.22%
For a Monday, it was a pretty directional day.
Wed-Fri is when the US news hits (FOMC Minutes, PMI, Jackson Hole, Powell Speech) so let's see if the party bus continues to rock until something forces a pause.
S&P is a mere 1% off of the all-time highs. All of these comebacks are mighty impressive considering it's the bears that usually accelerate the direction - these bulls are highly motivated.
SPY/QQQ Plan Your Trade For 8-19 : Gap Potential (Consolidation)This short video shows you why I believe the US markets will move into a consolidation phase over the next 5-7 days. This phase will likely represent moderate volatility with a Bozu Trending bar on Tuesday (8-20).
That Bozu Trending bar may be very explosive in price range.
Sit back, wait for the lows to setup over the next 5+ days and position your trades for the bigger Vortex rally phase setting up in about 7+ days.
If my research is correct, by 8-26 or so, we should be moving back into the Vortex Rally phase again.
Gold, Bitcoin, Silver, SPY, QQQ and others will likely consolidate this week unless there is big news.
Get some.
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8.18.2024 Weekly Pre-Market Analysis S&PThis is my Weekly Pre-Market Analysis on the S&P>
Right now we are going to wait for market structure to form.
We saw lower highs and higher lows form on Friday after the last bullish move up. So we do not have a clear direction as to which way if may head.
We have a plan for a SHORT position as well as a plan for a LONG position.
We just need to watch the LOWS & HIGHS form on the 15 minute chart, before we even think of getting into a trade.
Markets Love the Bulls!!! Close to All-Time HighsS&P pulled back 78% of the fall
Nasdaq pulled back 61% of the fall
Dow pulled back 78% of the fall
IWM pulled back 50% of the fall
Impressive rips for 2 weeks of trading for the "buy the dip" community. This week's direction was steady in futures, and gaps higher in indexes from opening to closing bell. I'm keeping the charts as clean and simple as possible. September and October are rarely good months for the markets so perhaps all-time highs are a bit of a stretch, but we're much closer now than we were August 5th when everyone was freaking out.
Upcoming news for next week:
FOMC Minutes
US PMI
Jackson Hole (with Powell Speech)
My defensive plays are focused through August and September expirations, but I'll likely continue to add hedges if appropriate.
Have a great weekend and back at it next week!!!
SPY/QQQ Plan Your Trade Update For 8-16 : Inside BreakawayThe move in the SPY today is very consistent with my Inside Breakaway SPY Cycle Pattern.
Additionally, the move in Gold is exactly what I predicted would happen over two weeks ago. A dual-leg rally up to $2550.
Now, we'll watch Gold rally above $2600 as this second leg appears to have considerable momentum.
As we close out the week, I do suspect the SPY will attempt to create a right-shoulder for an inverted Head-n-Shoulder pattern next week. So, be prepared for the SPY to possibly consolidate and move downward a bit before attempting another rally phase.
My SPY Cycle Patterns tend to agree with this changing cycle phase in the SPY - so there is some consistency related to a right-shoulder setup.
Overall, this has been a tremendous week for traders.
My research has continued to deliver great results for my followers and the big move in Gold has been incredible.
Next week, we'll do it again.
Get some.
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SPY/QQQ Plan Your Trade 8-16 : Gold Rips - Stocks StallThis video highlights why I believe today's Inside Breakaway may come with some surprises.
As Gold rips higher (check out my recent Gold videos) and the SPY really broke higher yesterday with a huge upward GAP and rally, I believe the SPY will stall a bit today and attempt to move higher near the end of the trading day today.
I don't believe the markets go straight up or straight down.
This big Deep-V recovery has run into resistance and I believe an inverted Head-n-Shoulders is likely to setup.
You'll see what I'm talking about in today's video.
What this means for SPY traders is to stay cautious today. Short - Quick trades will be the key to success.
Don't get married to any bigger, longer-term swings in price today.
It is all about getting in and out quickly and efficiently.
Gold, on the other hand, could rally to $2620 or higher over the next 5+ trading days.
Watch the US Dollar and BTCUSD as the Hedge Trade appears to be very active right now.
Get some.
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2 Weeks of Recovery - But Seasonality Lurks in Sep/OctMonday - UP
Tuesday - UP
Wednesday - UP
Thursday - UP
SPY has put together 2 weeks with 20+ points from low to high eclipsing the averaging 14/15 point average true range for the week - it really is wild stuff!!!
I try to make some sense of everything today with an inverse cup & handle pattern on the SPY/SPX/ES levels. I dive into September/October seasonality and upcoming news for the US. PMI next week and Jackson Hole. More employment news and PCE before the month ends with NVDA earnings.
CME Fed Watch Tool showing a 76% probability the FED will cut 25 bps September 18 and we will still see more news on employment and inflation come in before the official FOMC meeting.
Actively trading, cautiously bullish, a bit surprised by how motivated this market is to recover. If there's any hesitation, it would make sense technically. I'm not interesting in calling tops/bottoms, I'm just interested in good levels to trade.
Thanks for watching!!!
SPY/QQQ Plan Your Trade 8-15 : Where's The Counter-Trend MoveIn this video, I explain how news or data-driven events can substantially obscure the SPY Cycle Pattern price trends.
My SPY Cycle Patterns are predictions based on Fibonacci & Gann cycles. They attempt to predict typical market price characteristics and trends.
When some outside news, data, or other event hits that changes market dynamics enough to drive price in a stronger upward or downward trend, the SPY Cycle Patterns may invalidate or get skewed behind the momentum of the "event" trend.
With today's price bar, I believe the closing of the European markets (near Noon in NY) and the end of lunch in NY have a much better chance of seeing prices fall back into the counter-trend Carryover pattern I predicted for today.
That means, this afternoon, we may see price roll downward and attempt to move back towards support - just like I would typically expect to see with a counter-trend Carryover pattern.
Let's see what happens.
Get some.
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SPY/QQQ Plan Your Trade For 8-15 : Huge Bullish Gap On DataPlease take a minute to watch this video and try to understand why this big bullish price gap is data-related.
Today, the data suggests Retail and Manufacturing are still clicking right along.
We are not seeing any big decline in the US economy, and that means the US Fed will not consider dropping rates as inflation levels seem to be elevated.
This is also part of why I believe the US economy will "decouple" from many global economies over the next 12 to 24+ months.
If you remember, I suggested a VORTEX RALLY would start near the end of July 2024.
Well, guess what is happening now?
The US markets are setting up a BASE for the Vortex Rally. We are not in lift-off mode yet. We still need to be cautious of any potential news event (political or otherwise) ahead of the US POTUS election.
Once we approach or pass the US 2024 election, I think we'll be able to be more aggressive about continuing the Vortex Rally phase.
FYI, I will be flipping to BULLISH tomorrow.
Get some.
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SPY/QQQ Plan Your Trade For 8-15 : Counter-Trend CarryoverA Counter-Trend Carryover pattern is a "coasting" of price in an opposite trend direction.
So, for today, I expect the price to stay somewhat within yesterday's range while trending downward.
I don't expect yesterday's lows to be broken/breached - although it could happen.
I believe today will be more like a pause in price before attempting another move higher.
Today's pause may be very mellow in structure/size.
I believe the SPY/QQQ are biased to the upside, so I expect this price pause to stay above recent support levels.
Watch this video to see why I believe the recent upper range of the Gap will act as firm support for an upward price move into next week.
We have to wait for the markets to return to Trending mode.
60% of trading is WAITING for the opportune setups.
Get some.
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