Weekly Recap video on last week's stock market price action. then we wrap up the video with our new price targets for next week (Sep 16 - 20) using Statistics and Data to drive a 70%+ historical accuracy. Topics: - Last week's Results - Next week's Targets Personally I use these targets in combination with ICT Concepts to trade. Nothing I say is Financial...
Please take a minute to watch this video, and possibly some of my earlier videos from this week, as we continue to see the SPY, QQQ, and Bitcoin continue to move through an Excess Phase Peak pattern. It is very important for traders to understand the eventual A/B outcome of the Excess Phase Peak pattern. For the SPY/QQQ, we are still flagging into what is very...
Getting through my morning with phone calls and coding - I took a break to check on the markets and what did I see? A huge breakout rally in GOLD. This huge move higher (+$40) is a massive win for those who followed my Plan You Trade Videos. I've been saying any price move above $2565-$2575 would be a gift and traders should attempt to BOOK PROFITS as Gold...
Much like yesterday's pattern, today is a Breakaway pattern for the SPY. I believe today's price move will be more muted than yesterday's big rally off the 540 lows. Combining the 830 jobs data with price expectations is difficult. I believe jobs data will be relatively soft, and traders will interpret that as the Fed may decrease rates before the end of this...
Today's pattern suggests the SPY will open within yesterday's price range and attempt to "break away" from yesterday's range. I still believe we are moving into a secondary Excess Phase Peak pattern (flagging higher), which will prompt the SPY to attempt to rally to near 560. Because of this, I'm expecting a continued upward push toward the 558-560 area before...
Today will likely be similar to yesterday - but slightly more consolidated overall. I belive the markets are struggling into a dual Excess Phase Peak Flag (Step #2) and the SPY/QQQ show this very clearly. This dual Excess Phase Peak pattern will result in either a breakdown in price (starting after Sept 20th or so) or a continued rally phase breaching the Unique...
This is the trade I took last night and I scaled in. Scaled out and have a runner on.
Pay special attention to this video and prepare for what I believe will be a type of Flash-Crash event starting near Sept 20-24. Now is the time to start moving more capital into CASH. Prepare for this potential downside price move of -9-14% by protecting your capital. Yes. There will be bigger opportunities near the bottom of this moderate Flash-crash...
Happy Friday. I believe today's pattern is a blend of yesterday's Top-Resistance and today's Flat-Down pattern. Because of this belief, I think we will see a moderate rally in early trading leading to a peak in price, then followed by a moderate flat-down type of price trend. This week has proven to be a bit more volatile than I expected, but it has not changed...
Today's Top Resistance pattern should reflect a moderate price rally, leading to a peak in price, then followed by a roll-over in price before the close of trading today. Follow my research. Remember we are using my SPY cycle patterns to help guide our future and current trades related to price action. These patterns are not 100% accurate all the time - but I...
Yesterday's price move was clearly a CRUSH pattern I expected on Monday. Because of the holiday trading schedule this week, I believe the CRUSH pattern blended into Tuesday's trading - resulting in today's pattern being a blend of the Rev-Rally pattern on Tuesday and the Up-Down-Up pattern for Wednesday. Overall, I believe the CRUSH pattern removed a lot of...
Today's SPY Cycle Pattern is a Reversal Rally. After yesterday's CRUSH pattern (on the Labor Day holiday), we should expect the indexes to persist in a moderate rally phase (or melt-up) today. I believe yesterday's CRUSH pattern played out very nicely on the ES. Today's Reversal Rally pattern should result in the ES attempt to move back to 5653-5660. For the...
Summer trading is officially done and the market will be news sensitive leading up to the big bad FOMC Rate Decision on September 18. August's monthly candle is a wild one with a massive wick to the south and the bulls pushed the SPY within a whisker of all-time highs, Dow to several all-time highs, Nasdaq into a nice bullish recovery posture, and Russell the...
This video highlights why I believe the US markets are ready to make a big move higher over the next 12 to 24+ months. Many people suggest the markets will crack or crash, or we will experience some black/grey swan event. I'm afraid I have to disagree with this belief. Yes, there is always a chance we will see some market event. However, to disrupt the US/global...
Today's SPY Cycle Pattern suggests the SPY will attempt to trend moderately strongly to the upside (if my research is correct). The counter-trend mode of the carryover pattern suggests the price trend will be opposite of the last 2-3 bars - so a potential upward price trend today. The carryover pattern suggests that price will behave very similarly to what...
Today's pattern should play out as a reversion to yesterday's selling pressure. I did not expect to see the markets sell downward as hard as they did yesterday, but my systems were able to catch the downward trend well. As a trader and a researcher, I try to base my expectations on what I believe to be the highest probable outcome. Yet, sometimes I'm...
This is a classic bull market—smooth and trendy. However, it has become a cautious bull, moving within a much wider range, similar to what we observed after March. Especially in July and August: For the Nasdaq, it was down by 17%, but it has since recovered within a two-month period. Is this good or bad? It really depends on how we've positioned ourselves. If...
The SPY continues to slide into a sideways melt-up type of trend. Today's Inside Breakaway pattern suggests the SPY will attempt to move away from this consolidation range. Although I don't expect a huge breakaway today, I do expect the SPY to attempt to move up into the 563+ area, setting up for a bigger move on Thursday and a pullback on Friday. Gold is...