SPY/QQQ Plan Your Trade Major CRUSH Pattern Update
Please be very cautious with today's Major CRUSH pattern. These are usually very big-range price bars, and they can be very dangerous if you are caught on the wrong side of a trend.
I suggest trading with only 25~50% of your normal capital if you are unsure how you want to trade. This CRUSH pattern will likely result in a larger open~close range than yesterday.
We are trying to see if price will hold above the $554~$555 support level. If so, we may see the counter-trend Major CRUSH pattern play out as a rally bar later today. If not, be prepared for a further breakdown in price.
We must see that the $554~555 level acts as support, and we must see the price REJECT near that level to prompt any type of price reversal.
This is going to be a "Buckle-Up" kind of day.
Don't say I didn't warn you about how big CRUSH patterns can be.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
I suggest trading with only 25~50% of your normal capital if you are unsure how you want to trade. This CRUSH pattern will likely result in a larger open~close range than yesterday.
We are trying to see if price will hold above the $554~$555 support level. If so, we may see the counter-trend Major CRUSH pattern play out as a rally bar later today. If not, be prepared for a further breakdown in price.
We must see that the $554~555 level acts as support, and we must see the price REJECT near that level to prompt any type of price reversal.
This is going to be a "Buckle-Up" kind of day.
Don't say I didn't warn you about how big CRUSH patterns can be.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
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