SPY/QQQ Plan Your Trade - Building Solutions For Better TradersTo help as many traders as possible, I took on the task of trying to build a Daytrading Pressure monitoring system to identify better trends, pullbacks, and swing trade setups.
This example video was created after only about 5 hours of work on the script (debugging/testing), and I still have about 6+ more days of development before this script may be ready for public use, but...
Look at the results I've been able to achieve so far.
My work trying to recreate my Fibonacci Price Theory concepts is proving very valuable. I've created three unique FPT constructs (Standout, Unique, Ultimate), and I believe teaching this concept will greatly improve trading results for many people.
Next, I will work on my Pressure Indicator (near the bottom). Right now, it only reflects 3-bar rotations in pressure. I want it to be adaptive and dynamic, so I have some work cut out for me over the next 6+ days.
Ultimately, this tool (and others) could help thousands of traders better understand FPT and the scope of price moves at various intervals.
I aim to create a PineScript tool/utility to significantly improve traders' overall results.
I welcome any feedback you may have at this stage of development.
Get Some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPX (S&P 500 Index)
SPY/QQQ Plan Your Trade 7-19 EOD WrapUp - Learning A vs. BWhat an incredible week for all of us! The big price swings early in the week banked some big success with my SPY Cycle Patterns. Today, the bearish exhaustion pattern was much tougher to read/play for some—and that could have been my fault.
I want to review something I try to clarify in my videos - the A (Success) vs. B (Failure) concept.
I learned this from a Prop trader in the North East a long time ago. He called it "Failure To Succeed vs. Failure To Fail". It is much easier to call it Success or Failure (IMO).
My research/content is based on a simple A vs B structure.
Either my expectations will be correct (A), or they will fail (B).
I want you to be able to make skilled decisions based on the content, pattern, directions, and expectations I deliver in my videos.
As I tell many clients, "I do the research - you make the decisions."
This video will highlight WHY I never took a trade today. My expectations continued to FAIL all day long. Sometimes that happens.
There are more trading opportunities next week - right? No worries.
If you have time, please review some of my recent videos to identify the A vs B content/structures I present. I want all of you to gain success using my tools/research. Part of that is learning how I view the markets/trends.
The A vs. B structure is very important to learn - because all of my research is based on this simple technique (and a lot of Fibonacci Price Theory, which is also included in this video).
Stay safe this weekend.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade For 7-19 - Bearish Exhaustion??Where's the Bearish Price Exhaustion pattern I predicted? Why is price waffling downward? I thought we would see a bigger upward price reversion setup.
Yea - I know. I thought we would see a bigger upward price reversion in early trading, too.
This is how things go with the markets. You can't force them to do anything. You have to be prepared to make the best of whatever the situation is right now.
I was asked recently if I thought buying a few Call options near today's lows was a good idea (related to next week's potential rally setups). Although I won't tell anyone what to do with their trading account - statistically, starting a small "anchor position" relative to price expectations 5 to 15+ days out is not a bad idea.
I do that with my swing trades often. If I think something is going to move, but I don't have confirmation of any future price moves on my charts, I may start by buying 5~10 shares as an "Anchor Position" to remind me to keep an eye on it in the future.
I created this video to help you understand what I'm thinking and why I'm not too excited about what I see in the SPY.
Buckle up. Things may get a little crazy later today with a squeeze.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade for 7-19 : Bearish Exhaustion (Bullish)Good morning,
Today's pattern is a Bearish Exhaustion in Trend mode.
This pattern suggests the selling pressure is abating/stalling and price may attempt to revert back up to the $560-561 level over the next few trading days.
I believe price is entering a new FLAGGING formation that will resolve sometime near July 24-25 (as my SPY Cycle Patterns have predicted for over 3+ weeks now).
I continue to receive many comments from readers, and I appreciate all the love and support you've shown me.
Now, as we move into this flagging formation, we will see how the SPY Cycle Patterns can help us scale back out allocation levels (trade sizes) while we wait for the next big trending phase to start.
Remember, the SPY/QQQ will likely continue to consolidate into a tighter FLAG type of formation over the next 3+ days before we start to see a moderate bullish price breakout near July 23-24-25.
I hope you guys are enjoying all of these videos. It has been a lot of fun creating them for you. The feedback I've received has been incredible.
Happy Friday. Get Some today.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
S&P 500 Analysis: Reached the Breakout ZoneS&P 500 Analysis: Reached the Breakout Zone
The price has dropped and reached the breakout zone between 5550 and 5525. To confirm the direction, a 4-hour candle should close above or below this range.
Bullish Scenario:
The bullish trend will be activated by stabilizing above 5550, targeting 5580. Further stability above 5585 will aim for 5620.
Bearish Scenario:
For a downtrend, the price should touch 5525 and stabilize below this level, potentially falling to 5491.
Key Levels:
- Pivot Line: 5550
- Resistance Levels: 5580, 5620, 5640
- Support Levels: 5525, 5491, 5460
Today's Expected Trading Range:
The expected trading range is between the resistance at 5585 and the support at 5460.
previous idea:
High for 2024 5554/5631 focus 5591 wave 3 TOP wave 4 decline set The relationships from the peak 0f 3391 2020 to the low 2191 and 4818 and 3491 all have a clear fib relationship . I can now feel that the relationship if it was to continue as I think into Oct panic low which is about 4690 4710 area to mark wave 4 of super cycle diagonal . I have the 5 th wave target at 6088/6181 as the end of the bull market low march 9th 2009 best of trades WAVETIMER !
S&P is strong; however, some immediate uncertainty loomsLast week was marked by a very slow start and a chaotic finish. On Monday and Tuesday, prices bracketed in a very narrow range with neither side willing to take action. On Wednesday, the bulls gathered some momentum for a rally only to be countered by the bears the next day. While the bears’ attack appeared fearsome, it lacked real conviction (as I pointed out in my report), and it eventually faded. On Friday, the bulls took the initiative, erasing all the bears’ achievements.
From a technical perspective, we have the following disposition:
1. Price is in an uptrend on all major timeframes. Last week closed quite strong.
2. All major S&P sectors are supporting the upward movement (see Market Inner Strength Index)
3. RSI is highly overbought on the daily timeframe and slightly overbought on the weekly timeframe. Although this doesn’t mean much in strong uptrends, we should still pay attention to it.
4. On the hourly chart, there is some unclear bracketing with an extending range. We have both a poor high and a poor low.
The bulls clearly have the upper hand on all major timeframes, making the most likely scenario a continuation of the uptrend. Fundamentals are also on the buyers’ side: inflation is decreasing, and the first bank reports were quite positive.
However, it is also possible that we’ll see more bracketing in the short term due to political uncertainty, which deprives the market of the conviction needed for prolonged movements. We can see signs of traders’ hesitation on the hourly chart: breakouts without follow-through and reluctance to carry positions over the weekend. Coupled with price overextension (remember the RSI), there are enough arguments to support the need for short-term consolidation and the collection of additional information before moving higher (if nothing changes fundamentally).
Disclaimer
I don't give trading or investing advice, just sharing my thoughts.
SPY/QQQ Plan Your trade For 7-18 - Mjr. CRUSH Counter Trend DayGood morning everyone,
Today's big Major CRUSH pattern in a counter-trend mode should be very exciting.
I'm expecting the price to attempt to rally upward to fill yesterday's big opening price gap. But stay cautious of potential volatility related to today's open.
Yesterday's big price rotation (and GAP) showed us that Volatility has been here all the time—maybe just slightly muted. It is not uncommon for prices to move into periods of lower or higher volatility throughout the year.
I believe today's Major CRUSH pattern will resolve to the upside (at least attempting to fill yesterday's big GAP). But I urge my followers to be very cautious of the first 2~3 hours of trading today as we may see an initial move to the downside - shaking out some longs and attempting a bit of a carryover of yesterday's selling pressure.
So, be aware that the volatility and the large range price rotation we are seeing with this exhaustion top/peak/rotation, in combination with today's Major CRUSH pattern, will likely setup the FLAG formation highs/lows I've been suggesting. From here, we should move into 2~4 days of tight price rotation before we reach the FLAG APEX.
Again, how do I know this is going to happen?
I use my SPY Cycle Patterns to attempt to identify the most realistic future price expectations and estimate where I believe price will be as it cycles through my patterns.
As you can see, even though I may be "off" a bit regarding price levels, my estimates are generally very close to what price will actually attempt to do in the future.
So, today should be a fairly volatile upward price move, setting up the upper range of the pending FLAG pattern. Then, we'll slide into the consolidated FLAG formation until Tuesday or Wednesday next week.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
S&P500 The correction is over. Bullish trend intact.The S&P500 (SPX) has been rising steadily since our June 17 bullish break-out signal (see chart below) and despite this week's pull-back, the upward pattern remains unchanged:
As long as it continues to be supported by the 1D MA50 (blue trend-line), we remain bullish with our Target intact at 5800, marginally below the 2.618 Fibonacci extension.
On a side-note, observe the uncanny symmetry between the RSI structures of the Bullish Legs. We are now on a similar pull-back recovery formation as on the January 31 2024 and June 26 2023 short-term Lows.
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S&P500 Is Approaching The Main TrendHey Traders, in today's trading session we are monitoring US500 for a buying opportunity around 5500 zone, S&P500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 5500 support and resistance area.
We would also like to consider the current bearish bias in DXY, due to the negative correlation SPX can continue pushing higher.
Trade safe, Joe.
SPY/QQQ Plan Your Trade For 7-17 - SPY Looking For SupportPlease watch this video as we see the markets move into a Counter-trend Major CRUSH tomorrow.
We may see a very large reversion in price (upward) tomorrow. I'm looking for price to reject recent lows and move higher. Then, I'm expecting price to reject recent highs (from 7-16) and move downward tomorrow.
After that big rotation, I believe the price will move into a downward consolidation phase, attempting to build a FLAG before starting a big upward move near July 22~24.
Please know the strong potential for huge price swings over 24 to 48 hours. Then, we move into a more consolidated/contracted price channel (FLAGGING).
I'll post more later. Watch for price to build support and attempt to move higher into the close.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade 7-17 Opening Price Update - BreakdownI created this short video to help you understand we are still cautious of a continued breakdown in price - retesting deeper support.
The breakdown pattern I suggested would happen based on my SPY Cycle Patterns played out perfectly this morning.
I expect a type of "V" shaped bottom/base to be set up, but I believe the SPY/QQQ may continue to push downward - attempting to WASH OUT longs and stress the markets before rolling higher into the close today and going much higher tomorrow.
Please pay attention to my research.
I have to say, the past few weeks of sharing my SPY Cycle Patterns on TV and trying to prove the validity of my technology have been very exciting. There is nothing like putting your neck on the chopping block by making bold predictions for price and watching to see what happens.
I was either going to find my patterns work - or find out they don't work.
Pay attention to this video because we may have more downward price trending before we find a bottom.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your trade For 7-17 - Possible Breakdown PatternI'm going to keep this short and simple this morning. Yesterday, I shared about 3~4 videos related to my SPY Cycle Patterns and how the markets were setting up for this Possible Breakdown (or as I called it, the Exhaustion Breakdown) pattern.
I even took some extra time to share a late video last night trying to prepare traders for what is/was about to unfold related to today's Possible Breakdown and tomorrow's Counter-Trend Major CRUSH pattern. You can watch that video yourselves to learn what I expect.
After rolling out of bed at 3:50 this morning (California time) and taking a look at my charts, all I can say is WOW! Nailed it!
I'm continually amazed at the accuracy and capability of my SPY Cycle Patterns as well as their ability to see into the future. I don't know of any other technology that is capable of doing what my SPY Cycle Patterns are doing. And I don't believe anyone has been able to crack the code (the secrets of the markets) like I have been able to do.
Now, these patterns are not always 100% accurate. I've warned everyone in the past (and now). There will be periods where they don't align with price very well. That happens.
Watch today's video while I sit back and watch my Puts print all morning.
What a great day.
I may try to put on some Calls later today - but at this point, I'm calling this a BIG WIN.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
S&P 500 Analysis: Reversal from All-Time HighS&P 500 Analysis: Reversal from All-Time High
The S&P 500 recently reached an all-time high but has since reversed. Stability below 5620 indicates a continuation of the bearish trend, targeting 5584 and 5550. Earnings reports are expected to play a significant role, potentially moderating bullish momentum.
Bullish Scenario:
To maintain a bullish trend, the price should stabilize above 5639, aiming for 5672 and 5688. For a sustained uptrend, the price must stabilize above 5688, potentially reaching 5750.
Bearish Scenario:
For a downtrend, the price should stabilize below 5620, targeting 5584 and 5550, especially if a 4-hour candle closes below 5620.
Key Levels:
- Pivot Line: 5620
- Resistance Levels: 5639, 5672, 5688, 5750
- Support Levels: 5584, 5550, 5525
Today's Expected Trading Range:
The expected trading range is between the resistance at 5672 and the support at 5550.
previous idea:
SPX Will Go Down! Short!
Please, check our technical outlook for SPX.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 5,631.31.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 5,307.26 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
SPY/QQQ Cycle Pattern Update - Balancing Expectations & RisksAs part of my Plan Your Trade video series, I wanted to share some additional information on how I balance my expectations for price swings/moves with what's changing in the current market environment.
Initially, I draw my expectations based on what I see on the chart and how I interpret the SPY Cycle Patterns. From there, I watch the custom index charts I use to measure the underlying market strengths/weaknesses (behind the scenes).
Over the past 3+ days, I've been highlighting the huge moves in RSP and IYT. Traders need to understand that this strong bullish move suggests that the US market is actively relating to the end of 2024 and beyond.
However, the Exhaustion Breakdown pattern tomorrow (July 17) is very likely to represent a downward price move many traders have already positioned for. Although I expect the downward price move to stay under 2.0-2.25% from today's close, it will still be strong enough to catch some attention.
Please watch this video and pay attention to the first 10 minutes and the last 3 minutes. I want to know what all of you think of my SPY Cycle Patterns and if these videos are helping you out.
I believe the next 5+ years will be the biggest opportunity of our lives regarding how the US and global markets trend. In my attempt to help as many traders as I can, I need to hear from you. Are these videos helping you or confusing you? What could I do to improve them?
Get ready for tomorrow, and remember the next big opportunity starts on July 22 (or so).
Get Some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPY/QQQ Plan Your Trade 7-15 Mid-Day Update - Selling PressureGood afternoon everyone,
As I created this video, the SPY was stalling above $562, with lagging bullish price momentum.
In this video, I explain why the SPY & QQQ are not selling downward very hard (yet). I also explain why I believe the downward price trend (consolidation/correction) I believe will happen over the next 4+ trading days will only be a -0.75% to -2.0% downward price swing.
My analysis of how price will move relative to my SPY Cycle Patterns involves many factors. I rely on more than just the SPY Cycle Patterns; my research includes dozens of other metrics and custom indexes.
This video shows how strongly IYT and RSP are rallying right now. If you are going to daytrade any of the indexes, you need to pay attention to those symbols.
If IYT (the Transportation Index) is rallying while RSP (the Equal-weight S&P500 ETF) is rallying - guess what? You see forward solid expectations of a broad-sector US stock market rally. Yes, maybe 30 to 90+ days in the future, you may see ignored and undervalued symbols rally more than 30% because of what we see right now.
THAT is why I'm trying to share my research.
I want to help you become a better, more skilled trader. That includes learning to use technical analysis more efficiently and keeping track of many underlying key metrics to help balance your expectations.
Why would anyone want to swing hard for short trades when the IYT, RSP, and dozens of other metrics say, "the US stock market is REFLATING into a broad-sector rally phase"?
That is the question you need to ask yourself... Are you getting the best research/analysis to help you build skills you can keep for the rest of your life?
Follow my research. Take a minute to go back and watch some of my recent videos.
If you want to learn how I can predict market trends 5 to 10+ days in advance, then all you have to do is pay attention to what I show you. I read the charts/data - and then formulate my expectations based on what my SPY Cycle Patterns show me. If something changes, I may adjust my expectations a bit. But, generally, my expectations don't change very much.
Let's get started and learn how to distinguish these markets. Watch this video and learn. Watch my other videos and learn.
The next 5+ years will be the greatest opportunity of your life. Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
NIKE INC. AMERICAN SHOOES LOOSING GLOSS, AHEAD OF U.S. RECESSIONNIKE Inc. or Nike is an American multinational company specializing in sportswear and footwear.
The company designs, develops, markets and sells athletic footwear, apparel, accessories, equipment and services.
The company was founded by William Jay Bowerman and Philip H. Knight more than 40 years ago, on January 25, 1964, and is headquartered in Beaverton, Oregon.
As of July 15, 2024, NIKE (NKE) shares were down more than 33 percent in 2024, making them a Top 5 Underperformer among all the S&P500 components.
Perhaps everything would have been "normal", and everything could be explained by the one only unsuccessful December quarter of 2023, when the Company’s revenue decreased by 2 percentage points to $12.6 billion, which turned out to be lower than analyst estimates.
But one circumstance makes everything like a "not just cuz".
This is all because among the Top Five S&P500 Outsiders, in addition to NIKE, we have also shares of another large shoe manufacturer - lululemon athletica (LULU), that losing over 44 percent in 2024.
Influence of macroeconomic factors
👉 The economic downturn hurts most merchandise retailers, but footwear companies face the greatest risk to loose profits, as higher fixed costs lead to larger profit declines when sales come under pressure.
👉 The Nasdaq US Benchmark Footwear Index has fallen more than 23 percent since the start of 2024 as consumer spending is threatened by continued rising home prices, banks' reluctance to lend, high lending rates, and high energy and energy costs. food products - weaken.
👉 In general, the above-mentioned Footwear Sub-Industry Index continues to decline for the 3rd year in a row, being at levels half as low as the maximum values of the fourth quarter of 2021.
Investment Domes worsen forecasts...
👉 In the first quarter of 2024, Goldman Sachs made adjustments to its forecast for Nike shares, lowering the target price to $120 from the previous $135, while maintaining a Buy recommendation. The company analyst cited ongoing challenges in Nike's near-term growth trajectory as the main reason for the adjustment, anticipating potential underperformance compared to market peers, noting that Nike's 2025 growth expectations have become "more conservative."
👉 Last Friday, Jefferies Financial Group cut its price target from $90.00 to $80.00, according to a report.
👉 Several other equity analysts also weighed in on NKE earlier in Q2 2024. In a research note on Friday, June 28, Barclays downgraded NIKE from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $109.00 to $80.00.
👉 BMO Capital Markets lowered their price target on NIKE from $118.00 to $100.00 and set an overweight rating on the stock in a research report on Friday, June 28th.
👉 Morgan Stanley reaffirmed an equal-weight rating and set a $79.00 price target (up from $114.00) on shares of NIKE in a research report on Friday, June 28th.
👉 Oppenheimer reiterated an outperform rating and set a $120.00 price target on shares of NIKE in a research report on Friday, June 28th.
👉 Finally, StockNews.com downgraded NIKE from a "buy" rating to a "hold" rating in a research report on Friday, June 21st.
...and it becomes a self-fulfilling prophecy
Perhaps everything would have been fine, and all the deterioration in forecasts could have been attributed to the stretching spring of price decline, if not for one circumstance - it is not the ratings that are declining due to the decline in share prices, but the shares themselves are being pushed lower and lower, as one after another depressing ones are released analytical forecasts from investment houses.
16 years ago. How it was
On January 15, 2008, shares of many shoe companies, including Nike Inc. (NKE) and Foot Locker Inc. (FL) fell after investment giant Goldman Sachs (GS) slashed its stock price targets, warning that the U.S. recession would drag down the companies' sales in 2008 as consumers spend more cautiously. "The recession will further increase the impact of the key headwind of a limited number of key commodity trends needed to fuel consumer interest in the sector," Goldman Sachs said in a note to clients.
In early 2008, Goldman downgraded athletic shoe retailer Foot Locker to "sell" from "neutral" and cut its six-month share price target from $17 to $10, saying it expected U.S. sales margins to continue to decline in 2008 despite store closures.
The downgrade was a major blow to Foot Locker, which by early 2008 had already seen its shares fall 60 percent over the previous 12 months as it struggled with declining sales due to declining demand for athletic shoes at the mall and a lack of exciting fashion trends in the market. sports shoes.
Like now, at those times Goldman retained its recommendation rating to “buy” Nike Inc shares, based on general ideas about the Company’s increasing weight over the US market, topped off with theses about the Company’s international visibility, as well as robust demand ahead of the Beijing Olympics.
However Goldman lowered its target price for the shares from $73 to $67 ( from $18.25 to $16.75, meaning two 2:1 splits in Nike stock in December 2012 and December 2015).
Although Nike, at the time of the downturn in forecasts, in fact remained largely unscathed by the decline in demand for athletic footwear among US mall retailers, it reported strong second-quarter results in December 2007 (and even beating forecasts for strong demand for its footwear in the US and growth abroad) , Goldman Sachs' forecasts for Nike's revenue and earnings per share to decline were justified.
Later Nike' shares lost about 45 percent from their 2008 peaks, and 12 months later reached a low in the first quarter of 2009 near the $40 mark ($10 per share, taking into account two stock splits).
The decline in Foot Locker shares from the 2008 peaks 2009 lows was even about 80 percent, against the backdrop of the global recession and the banking crisis of 2007-09.
Will history repeat itself this time..!? Who knows..
However, the main technical graph says, everything is moving (yet) in this direction.
SPY/QQQ Plan Your Trade For 7-16 - Price Starting To FLAG OUTGood morning everyone,
Today's video should be an important warning to prepare for prices to move into a tight, consolidated, FLAGGING type of trend.
Remember, you'll hear me say price either FLAGS or TRENDS—that's it. If you understand these FLAGS are price constructs that present mechanical price structures, we can then use them to analyze future price structures. It all becomes clear that price moves in logical structures related to energy, vibration, amplitude, frequency, and cycles.
Without getting too deep into the abstract of price theory, let's focus on where to find opportunities...
Watch this video. Over the next 5+ trading days, you will find 35 very clear price swings, which I believe will provide ample opportunity for skilled traders. Beyond those 35 bigger swings, you should get ready to sit and wait (in CASH) for the bigger opportunities to set up between July 22 and 25 (for a rally to start).
Smart traders must understand you can't force the markets to move as you want. You must sit back and wait for the right opportunities for your trades (or you'll get chopped to pieces).
In this video, I've clearly laid out what I expect to see happen for the SPY/QQQ over the next 10+ days. There are still opportunities for skilled daytraders. My only warning is to START SMALL and build positions within your risk tolerance levels.
Don't swing for the fences in this market for the next 5+ days. Stay safe.
There will be more significant price swings starting on the 24th or 25th of July.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
#DJIA to 40k!We are in a BULL MARKET so the risks are to the UPSIDE,
one of an explosive rally as fund managers who have badly gotten the market wrong
panic buy propelling the Stock market driven by #FOMO rather than reasoned analysis to far higher than people can imagine.
New bull market highs should arrive during summer 2023!
All whilst indecision reigns supreme on the likes of twitter in a perpetual waiting for a magic signal with the goal posts constantly drifting as those who failed to act when the knives were fast falling desperately cling onto hopes of the likes of #SPX 3600 and lower to buy
Even though if it ever happened they would once more be too fearful act just as they were the last time S&P traded down to S&P 3600 :)
My base case is we already had the recession, during the corrective moves of 2022.
Hellena | SPX500 (4H): Long to 161.8% Fibo lvl 5684.2.Dear colleagues, I assume that the price will continue the upward movement. A small correction is possible, but the wave "1" of medium order should be completed.
I assume that it will end at 161.8% extension of Fibonacci level 5684.2.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!