Today's pattern suggests a morning GAP will take place and price will continue to break away from yesterday's body range.
Given the fact that the markets are already almost 0.8-0.9% lower than yesterday's closing price level, this suggests the markets will continue to trend downward today.
Is this it? Is this the breakdown for May 2-5, seeking the Major Bottom I've talked about for the past 3+ weeks?
We'll find out over the next 5-10+ days.
Ultimately, the EPP patterns have aligned across multiple instruments/symbols to present a very clear opportunity to the downside. Now, we need to watch and wait as the markets should be moving into the early FLAGGING stage of the downward EPP pattern.
After the FLAGGING pattern, we should get the breakdown into consolidation, which is where I believe big profits can be made. That breakdown into the consolidation phase is usually very aggressive and can often be after the FLAGGING range.
Gold and Silver are making a move higher. I suggested this would be the case over the past 5-10+ days - but, boy, was it frustrating to watch Gold and Silver consolidate over the past few weeks.
At this point, I'm looking for Gold to rally above $3500 and for Silver to attempt to rally above $34.00.
Bitcoin seems to be leading the SPY/QQQ (again) and appears to be about 2-3 days ahead of the major US indexes, attempting to move into a downward FLAGGING formation.
This could be very interesting if BTCUSD continues to lead the SPY/QQQ. Meaning, we may be able to rely on the structures/setups in BTCUSD as a 2-3 day early window of that the SPY/QQQ may be doing (for a while). I'm sure it won't continue to align at some point in the future.
Again, I'm getting great comments from followers and subscribers. Thank you.
I'm doing my best to deliver the best research I can within these 15 to 20-min videos.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
Given the fact that the markets are already almost 0.8-0.9% lower than yesterday's closing price level, this suggests the markets will continue to trend downward today.
Is this it? Is this the breakdown for May 2-5, seeking the Major Bottom I've talked about for the past 3+ weeks?
We'll find out over the next 5-10+ days.
Ultimately, the EPP patterns have aligned across multiple instruments/symbols to present a very clear opportunity to the downside. Now, we need to watch and wait as the markets should be moving into the early FLAGGING stage of the downward EPP pattern.
After the FLAGGING pattern, we should get the breakdown into consolidation, which is where I believe big profits can be made. That breakdown into the consolidation phase is usually very aggressive and can often be after the FLAGGING range.
Gold and Silver are making a move higher. I suggested this would be the case over the past 5-10+ days - but, boy, was it frustrating to watch Gold and Silver consolidate over the past few weeks.
At this point, I'm looking for Gold to rally above $3500 and for Silver to attempt to rally above $34.00.
Bitcoin seems to be leading the SPY/QQQ (again) and appears to be about 2-3 days ahead of the major US indexes, attempting to move into a downward FLAGGING formation.
This could be very interesting if BTCUSD continues to lead the SPY/QQQ. Meaning, we may be able to rely on the structures/setups in BTCUSD as a 2-3 day early window of that the SPY/QQQ may be doing (for a while). I'm sure it won't continue to align at some point in the future.
Again, I'm getting great comments from followers and subscribers. Thank you.
I'm doing my best to deliver the best research I can within these 15 to 20-min videos.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
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