SPY/QQQ Plan Your trade 7/12 - Carryover PatternToday's Carryover pattern should be very interesting. Do we carry over the deep selling pressure from yesterday or do we reject the downward price trend and revert back to the previous bullish trending.
I expect a reversion back to the bullish trending setting up today. If the overnight price action were to continue downward today, the emotional selling pressure from yesterday would have been more evident.
I believe the price will attempt to find support today and could move into a short squeeze later today - setting up a possible recovery rally above $565 on the SPY today.
Of course, it is almost impossible to accurately predict future price trends, so I'm doing my best as we see this massive volatility hit.
Remember, I'm trying to help you learn to become a better trader by watching prices, learning the techniques I try to teach, and applying the best techniques possible to keep you on the right side of the price trend.
Of course, if we do see a rejection of this downward price move, it will become evident before Noon ET. If not, we may be in for an even deeper downward trend.
This is why I clearly suggested traders learn to allocate funds properly. Learning to reduce trade sizes while volatility increases is critically important—unless you like blowing up your account.
So, buckle up.
Es!1
SPY/QQQ Plan Your Trade 7/11 EOD FollowupWhat can I say about today? It was also an emotional response to the CPI data falling in line with expectations.
How did this happen? The way I interpret this data, traders were literally gutted that the CPI number didn't come in hot. They wanted a hot number so the Fed may be pressured into making a move on rates.
I guess traders don't understand that we need the US economy to continue being the 900-lb gorilla compared to global economies. In fact, I want the US economy to continue to dominate global economies for the next 5+ years to grow our GDP and real wages and create an environment more similar to the 1990s—2010s US economy.
Far too many people simply don't understand how important it is for the US economy to continue to outperform global markets.
So, as you watch this video, please don't lose perspective of what is really taking place right now.
A. The US economy is strong.
B. The CPI data came in AS EXPECTED.
C. Nothing has really changed from yesterday to today.
D. Gold and Silver are moving higher as FEAR elevates (and demand for physical metals increases).
E. The US markets will start to fall back into line (Bullish) as earnings continue to report.
I urge you to stay cautious related to these big data days and understand emotions take control for many traders on days like today. Logic is thrown out the window when traders try to chase these types of trends.
Moves like this can be big winners - or massive losers. So, I always urge traders to PLAY SMART. Trade only 1/3 to 1/2 positions on big news days.
The trick to being a great trader is to never act in a manner that could blow up your account in 3 hours. If you want to do that, go to a casino and bet on RED or BLACK.
If you want to be a skilled trader, then learn to position your trades relative to your risk exposure and remember - tomorrow is another day full of opportunities.
At the end of the day today, the SPY Cycle Pattern nailed the move today. I did not nail the move with my expectations. Remember, I'm not 100% accurate all the time.
Still, I've called 14 of the last 15 days very accurately. Not bad - huh?
And if you think that is easy to do - give it a try yourself.
SPY/QQQ Plan Your Trade 7/11 - Watch The Price ChannelsHere is an update to my Plan Your Trade content for today. Watch the price channels.
Price will become very aggressive in the Breaking pattern today.
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SPY/QQQ Plan Your Trade 7/10 - EOD Followup AnalysisWell, what a crazy day.
Did you guys see that momentum rally carry into today's Gap Up/High pattern? Boy, sure would have hated trying to short this market trend and watching my account collapse.
This video shows you why I believe the momentum behind this move may carry into and through the big data hitting tomorrow. We may see a very strong rally tomorrow after the data hits that could push the SPY price up into the $565~568+ level.
For those of you capable of executing quick shorts, I think you may have an early morning opportunity with price volatility tomorrow - but I would be cautious of getting too aggressive in shorting until closer to the 15th (Monday).
Thank you for all your great comments and boosts. Remember, I do this to help traders become better skilled at executing their own trades.
Now, we've still got 10+ more days of my predictions to work through. So, we get to see if my research/analysis is worth anything compared to the others out there.
I firmly believe most of the people pushing out research are simply pushing out click-bait. Me, I'm a little different.
Understanding Technical Indicators - Avoid FaultsI received a question from a member today related to Divergence on RSI or Stochastics.
I've been lucky to actually sit down with the creator of Stochastics, George C. Lane, to discuss his indicator and how he used it to trade.
I've also been luck to be able to attend multiple industry conferences over the past 20+ years where I've been able to watch and listen to dozens of the best technicians and analysts explain their techniques.
Boy, those were the days - right?
This video is going to help you understand most technical indicators are designed based on a RANGE of bars (usually 14 or so). This means they are measuring price trend/direction/strength/other over the past 14 bars - not longer.
And because of that you need to understand any trend lasting more than 14+ bars could result in FAILURE of the technical indicator.
Watch this video. I hope it helps.
Get some.
SPQ/QQQ Plan Your Trade For 7/10 - Gap Up/Higher PatternToday's Gap Up/Higher pattern in Trend mode may provide a strong price rally attempt after yesterday's somewhat non-existent Momentum Rally pattern.
I believe the lack of price movement yesterday resulted from markets waiting for Powell's comments and not wanting to get too far ahead of themselves.
Today, I believe the markets will resume trending to support the continued bullish price move and possibly make up for some of the missing price trends from yesterday.
We'll see - one way or another.
We need to see a solid upward opening price gap today - leading to a moderate melt-upward type of trend. Today's price trend may be explosive - even though we have limited data/news.
Remember, if you like my research, content, and info, share, boost, like, and visit my website to learn more.
Get some.
SPY/QQQ Plan Your Trade July 9 - End Of Day FollowupToday's Momentum Rally never really showed up.
Remember, I've been warning you these SPY cycle patterns are not 100% accurate all the time. They've done a fantastic job of calling the markets correctly over the past 17+ days. But, today, the Momentum Rally never really materialized.
As you'll see in this video, I believe the momentum for a bullish price move was muted today because of the Fed comments and lack of data.
In short, the Fed comments took the momentum away, and price struggled to find any real trend.
But the momentum for a bullish price move is still there. It is inherently biased toward price. So, I believe we could see a very big (explosive) move to the upside over the next 4+ trading days.
Stay patient. This is a great example of learning to wait for the best setups.
If my analysis is correct, this current setup could be a very big winner. The bullish price bias may explode to the upside over the next four to five days.
Get some.
SPY/QQQ Plan Your Trade - Momentum Rally Day Is HereToday's SPY Cycle Pattern is a Momentum Rally pattern in TREND mode.
This suggests price will rally today - possibly targeting $558-559 or higher.
The next 2-3 trading days should be very powerful for LONGS. My SPY Cycle Patterns have predicted the past 2+ weeks of price movement and continue to suggest upward price trending until July 15th or so.
Then, we move into an exhaustion peak price action - eventually rolling back downward to find support.
Get ready. The next big move will take place after July 23-24, setting up another great opportunity for skilled traders.
Get some today.
SPY/QQQ Plan Your Trade 7/8 Followup AnalysisI couldn't have predicted today's price trend any better. The SPY Cycle Pattern, Flat-Down pattern, worked out perfectly today. Although I expected a bit more downside price activity earlier in the trading day, the fact that today's price action in the SPY & QQQ is generally FLAT-DOWN is perfect.
Remember, this pattern was predicted more than 24 months ago. It warned us that today would likely be a narrow-range price bar, and tomorrow, Wednesday, and Thursday will be strong upward-trending bars.
Are you ready for the next big price move? How nice would it be to know 5+ days in advance what price is likely to do so you can plan your trades more efficiently? Learn to wait for the best setups, then go get them.
Watch this video. Now, we will see if the current price FLAG resolves to the upside, as I expect.
Why do I expect price to move higher into the close? Because tomorrow's pattern is a Momentum Rally in CARRYOVER mode.
Go Get Some.
SPY/QQQ Plan Your Trade For 7-8-24Back by popular demand - here is the Plan Your Trade video for July 8, 2024.
Today, I will highlight my expectations and warn you that no one is able to accurately predict future market trends 100% of the time. I will tell everyone that I can't accurately predict anything related to future price trends/moves. I can use my skills and technology to "estimate" what I believe is a likely outcome for future price.
I want to try to make this very clear. I'm not some special person who can see into the future. I am simply using my skills and my SPY Cycle Patterns to try to estimate what I believe could happen in the future.
Based on that information, here you go. I've highlighted 3+ weeks of market trends, showing you where I believe opportunities exist and where to avoid sideways market trends.
I see three very clear opportunities over the next three to four weeks. First, the continuation of the uptrend. Then, the pullback to support. Then, the renewed rally phase near July 23-24.
Let's get some this week and prepare for what comes next.
THE ONLY TRADES I'M TAKING - KEY LEVELSI went ahead and marked out a few key levels that I am interested in trading in the next 24 hours.
WE CAN ALSO FLIP THE RESISTANCE INTO SUPPORT. If that happens a would be interested in a long on the retest,
Let me know your thoughts below.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
SPY/QQQ Plan Your Trade July 7 thru July25 - 3 Weeks AheadThanks for all your comments and boosts.
Remember, it is almost impossible to predict price range/movement 3~4 weeks in advance accurately - as I'm trying to show you with this video.
What I see happening over the next 3+ weeks is a continued rally phase for about five days, then an exhaustion peak sets up (a Last Engulfing pattern), followed by a short (2~4 day) contraction in price, leading to a FLAGGING pattern (sideways), before price attempts to move higher again on July 24~25.
If my analysis is accurate, there are two or three very opportunistic trading moves over the next three weeks. Additionally, for day traders, we will see some considerable price volatility start to set up after July 15.
Many of you have asked how I'm able to do this accurately. The simple answer is that I've been training myself to use my SPY Cycle Patterns and research/TA skills to attempt to "see into the future" with some degree of accuracy. Of course, I'm not 100% accurate all the time, but I think I provide incredible value for skilled traders.
Knowing what to expect over the next two to three weeks can provide incredible insight into planning and trade decisions. That is what my SPY Cycle Patterns are all about.
Combine that with some skills related to TA and Fibonacci Price Theory, and I think anyone could attempt to do what I'm doing on this chart with some practice.
I will state this as clearly as I can... When my analysis aligns with YOUR analysis (regarding price trends/direction/range), I believe you can be more aggressive in your trading style. Otherwise, if I tell you, the price will be choppy and consolidated, cut your allocation levels to 25~50% and trade only for quick price objectives.
I fully believe in waiting for prices to develop the best opportunities and not trying to trade every day.
I'll be updating this outlook every morning with short videos.
Go get some.
SPY/QQQ Plan Your Trade Update - Markets Will Retrace 7/15-7/20Afternoon everyone,
As I continue to prepare more research for all of you going further into July, I wanted to share my belief that the SPY/QQQ will retrace shortly. I expect this retracement to happen near 7/15~7/20 and possibly last 1~3 weeks.
Price trends don't always go straight up or straight down. That's why you must learn to take advantage of my research on these types of trends.
When the markets hand you this type of opportunity, you must be ready to pounce on these easy moves.
I try to teach everyone the hardest thing to learn is patience. You have to wait for the markets to give you these opportunities.
Watch this video to learn what to expect next week and the potential for a parabolic price trend going into the end of 2024.
I'll return with a new Plan Your Trade video for Monday and beyond.
Have a safe holiday weekend. I know lots of people are already traveling and visiting family.
SPY/QQQ Plan Your Trade For July 5 - Gap Rally PossibleGood morning,
This continued Plan Your Trade video series will continue for a number of week further. I continue to receive wonderful comments from viewers suggesting these videos are really helping them develop better skills and profit from market trends.
Remember, these patterns, and my analysis, is not 100% accurate all the time (DISCLAIMER). I do my best to interpret the patterns and provide clear expectations - but I'm not always 100% perfect at predicting future price moves.
What I try to do is to interpret the patterns like reading a sentence. I try to imaging what price would be doing as I'm reading through the SPY Cycle Patterns related to current price setups/structures on the Daily chart.
So, in a way, I'm taking information I already know (the price chart) and trying to "fit" the puzzle pieces into place related to future price trends.
Today, I'm expecting an opening price Gap (higher) followed by a fairly strong bullish price trend. This trend may stall near Noon ET, but then will probably continue to strengthen into the close of trading today (short squeeze).
Remember, watch my other videos on TradingView to learn more about my analysis techniques.
Go get'em.
SPY/QQQ Plan Your Trade July 3 ReviewThank you for all the great comments and suggestions. I love the fact that I'm helping so many traders find success with my research.
This video is really a recap of this week while we head into the 4th of July holiday and Friday's big Momentum Rally day.
Please take some time to review the other videos I have posted on TradingView to learn better techniques and refine your skills. You'll see me use these techniques over and over again on my charts.
Have a safe and fun 4th. We'll go get some more profits on Friday and into next week.
SPY/QQQ Plan Your Trade For July 3 - Early ConsolidationGood morning,
This continued video series highlights my SPY Cycle Patterns and attempts to teach you how to read these patterns and the price charts to plan your trades throughout the day.
Remember, I'm only looking for the best opportunities for trading profits. I plan to avoid any CHOP or sideways price action as it is not my style to scalp in and out of trades every 10 minutes.
I expect the upward price trend to continue, but it will happen later in the trading day (after Noon ET).
I expect the SPY/QQQ to consolidate in the early portion of the trading day - moving sideways and possibly pulling downward after yesterday's strong rally.
I believe that the price must attempt to consolidate into the channels related to momentum; then, the price may try to resume another momentum move higher.
So, I'm going to be patiently waiting out the first 2.5 hours of the trading day, looking for opportunities to buy into lower prices near 11-12 Noon ET, and expecting the markets to move into a momentum trend higher.
What I do may be different from what you decide to do as a trader. I'm just trying to help you see and plan for opportunities throughout the day.
Remember, Friday should be a very large price range day with a Momentum Rally pattern. It is not uncommon for that pattern's momentum to bleed into the end of today's trading day.
It should be a good day for traders.
Get some.
SPY/QQQ Plan Your Trade Review & Pre 4th ExpectationsThank you for all your comments, likes, and Boosts recently.
It's lovely to see my research helping so many traders.
I know some of you have recently been caught on the wrong side of market trends—this happens to the best of us. I've learned to wait out market activity I don't like and try to trade the bigger price swings, like the RALLY patterns yesterday and today.
You can't try to stand in front of the markets and force them to move in the direction you want. You have to stand back and catch moves that are opportunistic and present clear success opportunities.
This video reviews the past 8+ trading days, my SPY Cycle Pattern predictions, and what will likely happen over the next 7+ trading days.
In short, I expect the markets to slide into the July 4th holiday with a moderate melt-up trend and then move into a strong short squeeze on Friday (7/5).
This leads us to next week (8-12), where we'll get early Q2:2024 earnings data. I believe next week will continue the upward price trend - pushing the SPY above $560+.
The following week (15-19) is exciting. There is a very real potential for a moderately strong price correction on Wednesday/Thursday of this week, which could be a huge opportunity for skilled traders.
So, thank you again for commenting, liking, and Boosting these videos. I'll probably keep them going for a few weeks to help more traders.
Remember - focus on the facts/data and avoid the emotional side of trading. The markets always want to take your money. Find out how to wait for the markets to give you profit opportunities.
Plan Your Trade July 2 - The Big Rally Day Is Here.This continued series highlighting my SPY Cycle Patterns continues this week.
Today, the Rally pattern is in Trend mode. This usually suggests a powerful potential for a moderately large upward price bar on the SPY chart.
Although, this morning, we are seeing a moderately high pre-market price below yesterday's closing price. Does this negate the Rally pattern?
Nope. The pattern is fixed. It will either become successful or fail.
Remember, these SPY Cycle Patterns have a (roughly) 70% to 80% success rate. Thus, we can rely on them for guidance, but we must always prepare for potential failure (just like when making trading decisions).
I'm sticking to the SPY Cycle Patterns today. I'm not worried about the deep, lower opening price right now. However, this profoundly lower pre-market price could prompt a substantial"wash-out" event for the shorts when the market shifts to the regular session.
It seems that today is going to be a "make or break" day. Watch this video to see how I will play today's price action.
Go get some.
Plan Your Trade 7-1-24 - Get Ready For A Rally.This continuation of my Plan Your Trade video series highlights the potential price rotation we'll see today with the big CRUSH pattern. Next week, I believe, will result in a substantial rally phase throughout the week of July 4th.
Today's counter-trend rally pattern will likely result in an early trading rotation, leading to an upward price trend that will build momentum throughout the week. Remember, we have a holiday on Thursday that may pause the rally a bit late Wednesday.
This new swing into a Rally-Rally-Rally phase with the SPY Cycle Patterns is fantastic for day traders and intraday swing trading.
Watch the video today and prepare for the big moves this week. Overall, nothing has changed. Price is rotating into a rally phase ahead of Q2:2024 earnings.
Learn how my SPY Cycle Patterns can help you plan and prepare for market direction and trends.
Do you know anyone who can accurately predict price setups/trends 2 to 4 weeks into the future? Well, you are watching me do it right now.
Let me know what you think in the comments.
Go make some money today.
Lean and Prep for WEEK 7.1.24I am a discretionary trader. This means there are some weeks in the year when I wait and watch what’s going on. From here, there are 3 potentials -
1-We keep ranging here and the stocks keep choppy. In this case, it is waste of premiums.
2-We drop. In this case it is better to wait for lower levels to find attractive setups.
3-We rally. If this happens, I am pretty sure something nice and attractive will show up on my radar which I will share.
Stay Frosty!
SPY Launching To $600+ - Then $730+. Get Ready.Have you been following my research?
Do you remember when I called a major base/bottom on 12-28-2022?
Do you remember when I stated, "The capitulation bottom will surprise traders" on 3-20-23?
Do you remember when I called for a "Tech-Bump" rally on 3-25-23?
Do you remember when I updated that peak potential to $425 on 4-26-23?
Do you remember when I stated, "The capital shift intensifies" on 6-25-23?
Do you remember when I warned of a China Credit Event/Crisis happening in 2024 on 8-20-23?
Do you remember when I warned, "US Markets May Double By 2029-30" on 4-21-24?
Now, almost 15+ months after all of these updates/warnings/videos, I ask you to take a look at what's happened in the markets and prepare for the biggest opportunity of your life.
Yes, I see the US indexes (SPY, Nasdaq, Dow Jones, and possibly the Russell 2000) potentially doubling (or more) before 2030-31.
Yes, I see the SPY rallying to levels above $730 in 2025, then stalling into a WAVE-B correction.
Are you ready for something different - factual data reported honestly and with a proven track record? Not hype. Not doom-n-gloom (CRASH posters).
My research is designed to help guide you through the next 10+ years of your life - protecting your assets, learning to become a more skilled trader/investor, and learning to rely on proven technology/concepts.
Are you ready for what's next? Maybe you need to try something different?
Plan Your Trade 6-28 - Today Is The Big CRUSH DayThis continuation of my Plan Your Trade video series highlights the potential price rotation we'll see today with the big CRUSH pattern. Next week, I believe, will result in a substantial rally phase throughout the week of July 4th.
Today's big CRUSH pattern will likely result in a fairly deep downward price move in early trading, followed by a period of basing/stalling before we may see a fairly strong rally phase/squeeze into the end of trading today.
These types of price swings are fantastic for day traders and intraday swing trading.
Watch the video today and prepare for next week. Overall, nothing has changed. Price is rotating into a rally phase ahead of Q2:2024 earnings.
Learn how my SPY Cycle Patterns can help you plan and prepare for market direction and trends.
Do you know anyone who can accurately predict price setups/trends 2 to 4 weeks into the future? Well, you are watching me do it right now.
Let me know what you think in the comments.
Go make some money today.