SPY/QQQ Plan Your trade For 7-18 - Mjr. CRUSH Counter Trend Day
Good 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
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
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