This update to my morning video was created to help you understand why a Harami pattern will likely prompt fairly large price rotation today. The Harami pattern is an indecision type of pattern. It suggests price is struggling to find direction and may attempt to test upper and lower boundaries. The purpose of the Harami pattern is to flush out weaker trading...
Today's SPY Cycle Pattern is a Harami/Inside. Because of the recent price volatility and the current price FLAG setup, I expect today's Harami pattern to include a fairly large high/low price range. That means we may see very solid price trending (up/down) throughout the day - whereas today's open/close range should stay within yesterday's open/close range. If...
Hi traders, I did short the rising wedge and now took profit. This can play out in a few scenarios in my opinion and its difficult to say. Scenario 1) We have our selling climax that go the AR and this could be looking for our ST test phase B as part of the accumulation structure OR Scenario 2) its creating a macro bear flag of some sort and we are saying here,...
Today's Flat/Down pattern played out perfectly. Now, as price nears support, we should be looking to position our trading for the next big move higher over the next 5+ trading days. If my research is accurate, the SPY/QQQ should begin to setup a base mid/late tomorrow and start to rally into Friday - carrying into early next week. Watch the video I created this...
This video highlights what I believe will be the best opportunities for the SPY/QQQ over the next 7+ trading days while highlighting how Gold is setup for a dual-leg rally phase (possibly moving up above $2550) over the next 7+ days. My continued efforts to deliver pertinent and actionable trade data to my followers are based on the concept that "I do the...
My research suggests the SPY/QQQ will stall into a sideways upward-sloping price channel over the next 1~2 day before attempting to rally further. Watch this video to learn more. The Top-Resistance Pattern today may prove very accurate if the SPY rolls downward after filling the GAP. Get ready; The Vortex Rally is just starting after this Deep-V...
This video highlights why I believe skilled traders are taking minimal, targeted trades in the current market environment. With the current market volatility as crazy as it is, I don't believe anyone should be swinging for the fences. If you learn anything from my videos over the past few weeks - know this. The #1 rule for trading is to protect capital (at all...
Today's BaseRally301 pattern is certainly giving us a run for our money. I expected a bit of a pullback in early trading today, but I didn't expect the SPY price to fall far enough to CLOSE THE GAP. This is a great example of staying agile and running with what price gives us. Now, as we have closed the GAP and still trying to find a base/support level to mount...
This video is to help you understand the continued initiation of the Vortex Rally phase and how today's BaseRally301 pattern will play out. Within this video, I cover the SPY, QQQ, Gold, & BTCUSD. This should really give you a solid primer as to what I expect the SPY to do today and why I'm waiting for the first 30 to 60+ minutes to play out before looking for...
Please watch this video to learn how the already big rally phase (starting the Vortex Rally) may intensify over the next 10+ days. By my analysis, the SPY could rally to levels above $565 before mid August. But, the SPY Cycle Patterns still show a moderate price pullback is in order before we move onto any extended rally phase. I've also made some big changes...
It looks like the POP pattern was suppressed by yesterday's Israel attack - pushing price downward and really creating a bullish launchpad type fo reversion move. The Nasdaq is up over 3% The SPY is up over 1.6% These are HUGE upward price moves. In my opinion, this is the POP pattern showing up a day late (disrupted by the Israel/Lebanon attacks...
This video highlights the morning Gap and what to expect before price settles and attempts to move above $553-555 today. I fully expect the Vortex Rally to move price higher over the next few weeks/months. But, today is going o be critical to see if Price can attempt to move above the recent resistance area near $554-555. If price moves up to that level and...
First, I got up a bit late this morning. Been pushing really hard over the last few weeks. I guess I needed the rest. Next, this video is very important for ALL TRADERS. I want all of you to learn the proper skills to manage your trading, risk controls, and emotional aspects of trading, and really learn the skills to MAKE YOUR OWN DECISIONS. I know you may...
Today's POP pattern, which I suggested would present a very solid Bullish trending opportunity, was disrupted by news of Israeli attacks in Lebanon. I truly believe today would have resulted in a very strong reversion rally had the markets no been disrupted by the new conflict. Still, we need to play the markets and not rely exclusively on my SPY Cycle...
Today's POP Pattern in Carryover mode suggests the SPY will attempt to move above $550-551 on moderate bullish trending. I believe the way the patterns are set up, the price will attempt a moderate rally with the POP pattern. Then, move into mild consolidation (downward trending) on tomorrow's Counter-trend Bottom-Rally Start. Then, move into a moderately...
This is an end-of-day recap of the Flat/Down SPY Cycle Pattern - which played out perfectly. As I warned, this type of pattern suggests the SPY will stay in a consolidated range and attempt to drift downward throughout the day. This type of pattern presents a very difficult day for day traders. Tomorrow's POP pattern should be very exciting. I'm reading the POP...
This mid-day update highlights the SPY Cycle Pattern prediction and how to trade short-price swings as price contests into a sideways channel. The Flat/Down pattern is usually a congesting type of price pattern. Price trends are smaller and traders need to learn to adjust to taking quick profits. These types of days are sometimes difficult for traders who are...
Prepare for a fairly mild day today with the Flat/Down SPY Cycle Pattern. This pattern suggests the SPY will struggle to find any real trend and will stay relatively flat overall with a moderate downward price trend. Watch this video. We are in the early stages of a broader Vortex Rally phase - but price will continue to roll higher and lower through cycles....