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SPY/QQQ Plan Your Trade 8-23 Update: Gold Rips - SPY Stalls
SPDR S&P 500 ETF TRUST
Long
SPY/QQQ Plan Your Trade 8-23 Update: Gold Rips - SPY Stalls
By BradMatheny
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Aug 23
3
Aug 23
Here is a quick update related to the post-Powell expectations.
I still believe the SPY will consolidate through most of today and move into a broader rally phase next week and into early September.
Gold is RIPPING higher after Powell's comments. I expect Gold to try to break above $2600 next week.
Bitcoin is still struggling to break above the 63k level. It may make a move next week. Time will tell.
Follow my research.
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#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
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