SPY/QQQ Plan Your Trade Review & Pre 4th ExpectationsThank you for all your comments, likes, and Boosts recently.
It's lovely to see my research helping so many traders.
I know some of you have recently been caught on the wrong side of market trends—this happens to the best of us. I've learned to wait out market activity I don't like and try to trade the bigger price swings, like the RALLY patterns yesterday and today.
You can't try to stand in front of the markets and force them to move in the direction you want. You have to stand back and catch moves that are opportunistic and present clear success opportunities.
This video reviews the past 8+ trading days, my SPY Cycle Pattern predictions, and what will likely happen over the next 7+ trading days.
In short, I expect the markets to slide into the July 4th holiday with a moderate melt-up trend and then move into a strong short squeeze on Friday (7/5).
This leads us to next week (8-12), where we'll get early Q2:2024 earnings data. I believe next week will continue the upward price trend - pushing the SPY above $560+.
The following week (15-19) is exciting. There is a very real potential for a moderately strong price correction on Wednesday/Thursday of this week, which could be a huge opportunity for skilled traders.
So, thank you again for commenting, liking, and Boosting these videos. I'll probably keep them going for a few weeks to help more traders.
Remember - focus on the facts/data and avoid the emotional side of trading. The markets always want to take your money. Find out how to wait for the markets to give you profit opportunities.
NQ
7/2 iDEA AND LAYOUT POWELL SPEAKING AT 930GREATTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT MORNING YALLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL!!!!!<
😏 😏 😏
07/02/2024
**News** ON THE BLOCK TODAY!!!!
***Jerome Powell Speaks*** WATCH OUT HIS WORDS WILL WHIP SAW THIS LIKE NO OTHER
9:30 AM ET
***JOLTS***
10:00 AM ET
***Midnight*** **CONSENTRATED CONSOLIDATION **
*#ES 5521.75*
*#NQ 19982.50*
💰 **BUYSIDE**💰
***#ES 5541.25***.--->Above this level we look for --->....
🟢 5552.75
🟢 5564.50
🟢 5580
🟢 5604
🟢 5616.75
🟢 5639.50
🟢 5653.25
🟢 5676.85
***#NQ 20017.75***...---> Above this level we look for-->
🟢 20022.75
🟢 20089.50
🟢 20113.25
🟢 20151.50
🟢 20201.50
🟢 20246.00
🟢 20292.25
🟢 20332.50
💰 **SELLSIDE**💰
***#ES 5500***--- Below this level and we look for
🔴 5489.25
🔴 5468.7
🔴 5436.50
🔴 5406
***#NQ 19908.25***---> Below this level and we look for
🔴 19880.25
🔴 19812.50
🔴 19775.25
🔴 19749.50
🔴 19693.25
🔴 19647.75
Plan Your Trade July 2 - The Big Rally Day Is Here.This continued series highlighting my SPY Cycle Patterns continues this week.
Today, the Rally pattern is in Trend mode. This usually suggests a powerful potential for a moderately large upward price bar on the SPY chart.
Although, this morning, we are seeing a moderately high pre-market price below yesterday's closing price. Does this negate the Rally pattern?
Nope. The pattern is fixed. It will either become successful or fail.
Remember, these SPY Cycle Patterns have a (roughly) 70% to 80% success rate. Thus, we can rely on them for guidance, but we must always prepare for potential failure (just like when making trading decisions).
I'm sticking to the SPY Cycle Patterns today. I'm not worried about the deep, lower opening price right now. However, this profoundly lower pre-market price could prompt a substantial"wash-out" event for the shorts when the market shifts to the regular session.
It seems that today is going to be a "make or break" day. Watch this video to see how I will play today's price action.
Go get some.
Plan Your Trade 7-1-24 - Get Ready For A Rally.This continuation of my Plan Your Trade video series highlights the potential price rotation we'll see today with the big CRUSH pattern. Next week, I believe, will result in a substantial rally phase throughout the week of July 4th.
Today's counter-trend rally pattern will likely result in an early trading rotation, leading to an upward price trend that will build momentum throughout the week. Remember, we have a holiday on Thursday that may pause the rally a bit late Wednesday.
This new swing into a Rally-Rally-Rally phase with the SPY Cycle Patterns is fantastic for day traders and intraday swing trading.
Watch the video today and prepare for the big moves this week. Overall, nothing has changed. Price is rotating into a rally phase ahead of Q2:2024 earnings.
Learn how my SPY Cycle Patterns can help you plan and prepare for market direction and trends.
Do you know anyone who can accurately predict price setups/trends 2 to 4 weeks into the future? Well, you are watching me do it right now.
Let me know what you think in the comments.
Go make some money today.
Lean and Prep for WEEK 7.1.24I am a discretionary trader. This means there are some weeks in the year when I wait and watch what’s going on. From here, there are 3 potentials -
1-We keep ranging here and the stocks keep choppy. In this case, it is waste of premiums.
2-We drop. In this case it is better to wait for lower levels to find attractive setups.
3-We rally. If this happens, I am pretty sure something nice and attractive will show up on my radar which I will share.
Stay Frosty!
SPY Launching To $600+ - Then $730+. Get Ready.Have you been following my research?
Do you remember when I called a major base/bottom on 12-28-2022?
Do you remember when I stated, "The capitulation bottom will surprise traders" on 3-20-23?
Do you remember when I called for a "Tech-Bump" rally on 3-25-23?
Do you remember when I updated that peak potential to $425 on 4-26-23?
Do you remember when I stated, "The capital shift intensifies" on 6-25-23?
Do you remember when I warned of a China Credit Event/Crisis happening in 2024 on 8-20-23?
Do you remember when I warned, "US Markets May Double By 2029-30" on 4-21-24?
Now, almost 15+ months after all of these updates/warnings/videos, I ask you to take a look at what's happened in the markets and prepare for the biggest opportunity of your life.
Yes, I see the US indexes (SPY, Nasdaq, Dow Jones, and possibly the Russell 2000) potentially doubling (or more) before 2030-31.
Yes, I see the SPY rallying to levels above $730 in 2025, then stalling into a WAVE-B correction.
Are you ready for something different - factual data reported honestly and with a proven track record? Not hype. Not doom-n-gloom (CRASH posters).
My research is designed to help guide you through the next 10+ years of your life - protecting your assets, learning to become a more skilled trader/investor, and learning to rely on proven technology/concepts.
Are you ready for what's next? Maybe you need to try something different?
6/28 New Day New Idea..... Will the bulls save it GREATTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT MORNING YALLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL!!!!!
😏 😏 😏
06/28/2024
**News** ON THE BLOCK TODAY!!!!
***Personal Income and Outlays*** ⚠️ **RED FOLDER** ⚠️
8:30 AM ET
***Chicago PMI***
9:45 AM ET
***Consumer Sentiment***
10:00 AM ET
@everyone
***Midnight*** **CONSENTRATED CONSOLIDATION **
*#ES 5560.50*
*#NQ 20131.50*
💰 **BUYSIDE**💰
***#ES 5588.25***.--->Above this level we look for --->....
🟢 5604
🟢 5616.75
🟢 5639.50
🟢 5653.25
🟢 5676.85
***#NQ 20141.50***...---> Above this level we look for-->
🟢 20151.50
🟢 20201.50
🟢 20246.00
🟢 20292.25
🟢 20332.50
💰 **SELLSIDE**💰
***#ES 5552.50***--- Below this level and we look for
🔴 5537.50
🔴 5509
🔴 5489.25
🔴 5468.75
🔴 5436.50
🔴 5406
***#NQ 20092***---> Below this level and we look for
🔴 20052.25
🔴 20012.50
🔴 19956.5
🔴 19904.00
🔴 19880.25
🔴 19812.50
🔴 19775.25
🔴 19749.50
🔴 19693.25
🔴 19647.75
Plan Your Trade 6-28 - Today Is The Big CRUSH DayThis continuation of my Plan Your Trade video series highlights the potential price rotation we'll see today with the big CRUSH pattern. Next week, I believe, will result in a substantial rally phase throughout the week of July 4th.
Today's big CRUSH pattern will likely result in a fairly deep downward price move in early trading, followed by a period of basing/stalling before we may see a fairly strong rally phase/squeeze into the end of trading today.
These types of price swings are fantastic for day traders and intraday swing trading.
Watch the video today and prepare for next week. Overall, nothing has changed. Price is rotating into a rally phase ahead of Q2:2024 earnings.
Learn how my SPY Cycle Patterns can help you plan and prepare for market direction and trends.
Do you know anyone who can accurately predict price setups/trends 2 to 4 weeks into the future? Well, you are watching me do it right now.
Let me know what you think in the comments.
Go make some money today.
$msft could trigger nq bearish cascadeNASDAQ:MSFT and $appl both look very similar to me, with a potential swing top forming.
NASDAQ:MSFT has been held up with the rate inflation narrative that pump the mag 7 and now it's connection with OpenAI. The market has signaled a broadening over the last 6 months or so, with most of the remaining opportunity centered around value stocks. If this isn't the swing top for msft, it's very close. once appl and msft go, it will likely signal the swing tops across the market.
Plan Your Trade - 6-27-24 : SPY & QQQ ExpectationsThis continuation of my Plan Your Trade video series highlights the potential price rotation we'll see over the next two days, leading to what I believe will be a substantial rally phase throughout the week of July 4th.
The next two days will likely represent some huge price swings - first upward, then downward on Friday.
These types of price swings are fantastic for day traders and intraday swing trading.
Learn how my SPY Cycle Patterns can help you plan and prepare for market direction and trends.
Do you know anyone who can accurately predict price setups/trends 2 to 4 weeks into the future? Well, you are watching me do it right now.
Let me know what you think in the comments.
Go make some money today.
Correction: Counter Trend Break Away Pattern on 6-26This is a correction video representing the Counter-Trend mode of today's BreakAway pattern.
I created the first video thinking this was a Trending pattern.
Counter-trend patterns tend to reflect a reversal of price direction related to the last 3~5 days price trend.
In this video, I go over how I view Counter-Trend patterns vs. Trend/Carryover patterns.
Look for initial weakness in price followed by what I believe will be a strong rally phase this afternoon.
Here we go...
Plan Your Trade 6-26 - SPY BreakAway PatternGood Morning.
This continued video series highlighting my Proprietary SPY Cycle Patterns is designed to help you understand how to prepare for, and trade expected market trends.
The SPY Cycle Patterns are predictive. They represent shapes/trends of future price bars on the SPY that can help traders understand where opportunities may exist for trading. They can also help you stay away from consolidation/congestion periods.
In today's video, I highlight how the current BreakAway pattern in Trending mode suggests the SPY will rally a bit today. I expect the SPY to close above 545.50-546.50 as the bullish base/support level holds today.
There is a bit of downward pressure on the SPY this morning. It will be interesting to see if my expectations are accurate or not.
Remember, the SPY Cycle Patterns are not 100% accurate all the time. They are only about 80-85% accurate in most cases. Big news events or outside factors can drive prices in ways that do not align with my SPY Cycle Patterns.
However, these SPY Cycle Patterns are generally very accurate in terms of how to plan/prepare for trading opportunities 3 to 10+ days into the future.
I hope you enjoy it. Please leave a comment and tell me if you see value in these videos or what you think.
US100 ( NASDAQ ) Outlook ICT Concepts💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on US100, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
📊 Let's Discuss NASDAQ
Let's discuss my favorite asset, NASDAQ. The first thing we need to consider is the Smart Money Technique (SMT) which appeared on the ES (S&P500) chart yesterday, and now reflects on the NASDAQ chart. This technique is currently positioned below the chart.
📈 Anticipating Price Expansion
We can anticipate the price to expand higher into the Daily Fair Value Gap (FVG) resting above the current price, potentially reacting to the Optimal Trade Entry (OTE) levels.
🔍 Key Levels to Watch
In our key level area, we have the Midnight Open Price (00:00 NY Time) at 19691.5. Currently, the price is above this midnight open level, indicating a deep premium level, which supports our short scenario.
🔑 Liquidity Levels
At the start of the Daily Fair Value Gap (FVG) we have both the 4-hour previous high, which is a buy-side liquidity (BSL), and a 4-hour Fair Value Gap (FVG). These are the key liquidity levels to watch.
📉 Long Position Scenarios
For any long position scenarios, we need the sell-side liquidity to be taken out, which is quite far from the current price. We can look for lower time frame low resistance liquidity or the 50% retracement of the current range, resting at 19633.
🙏 Thank you for joining us!
Exploring US100 today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
6/25 Let The day Rip GREATTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT MORNING YALLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL!!!!!
06/25/2024
**News** ON THE BLOCK TODAY!!!!
Chicago Fed National Activity Index
8:30 AM ET
Case-Shiller Home Price Index GREEN FOLDER
9:00 AM ET
FHFA House Price Index
9:00 AM ET
Consumer Confidence RED FOLDER
10:00 AM ET
Richmond Fed Manufacturing Index
10:00 AM ET
FED SPEAKER Lisa Cook
12:00 PM ET
FED SPEAKER Michelle Bowman
2:15 PM ET
***Midnight***
*#ES 5523*
*#NQ 19792.75*
💰 **BUYSIDE**💰
***#ES 5534.25***.--->Above this level we look for --->....
🟢 5552.75
🟢 5564.50
🟢 5580
🟢 5604
🟢 5616.75
🟢 5639.50
🟢 5653.25
🟢 5676.85
***#NQ 19855***...---> Above this level we look for-->
🟢 19880.25
🟢 19904.00
🟢 19941.75
🟢 20022.75
🟢 20089.50
🟢 20113.25
🟢 20151.50
🟢 20201.50
🟢 20246.00
🟢 20292.25
🟢 20332.50
💰 **SELLSIDE**💰
***#ES 5511.50***--- Below this level and we look for
🔴 5509
🔴 5489.25
🔴 5468.75
🔴 5436.50
🔴 5406
***#NQ 19726.25***---> Below this level and we look for
🔴 19693.25
🔴 19647.75
***Expected Moves For Today***
*SPX-ES Difference*--> **67.75**
*Spy Expected Move* **1.84**
Upside Range **544.59**
Downside Range **540.91**
*SPX Expected Move* ***19.60***
Upside Range **5475.6**
Downside Range **5436.4**
⚠️ ***Sweet Spot contracts for SPX would be*** ⚠️
🔴 5440p and the 5430p(MOMENTUM TRADE)
🟢 5470c and the 5485c(MOMENTUM TRADE)
Plan Your Trade 6-25-24 - Base Rally DayThis video continues my series on planning your trade around my SPY Cycle Patterns. Today is a Base Rally pattern. I suspect the price will attempt to climb above $544 and may attempt to rally above $550 over the next few days.
This is an excellent opportunity for traders to swing for the fences with long trades.
Time your entry. If the price fails to rally above $544 in early trading, we may see a strong rally later this afternoon.
Tomorrow is a Breakaway pattern in counter-trend mode. I suspect we'll see a bit of a downward price swing tomorrow after today's strong rally. Then, another push to try to rally above $550 on Thursday.
Plan your trade. Learn how I can help you stay ahead of these bigger price swings.
Plan Your Trade 6/24/24 - Prepare For Rolling Price ActionThis continued video series focused on my SPY Cycle Patterns teaches you how to plan for future price swings and bigger trending days.
Today, I expect the SPY to stay relatively muted in trend—possibly moving downward overall. The Up-Down-Up (countertrend) pattern suggests that the price will want to move downward today, perhaps setting up support near $541.50 to $542.50.
I don't expect anything big to happen today as today's pattern is followed by three days of an upward price trend. That upward trend is your opportunity for profits.
Tuesday, Wednesday, & Thursday look like a bigger opportunity for long trades than Monday or Friday.
Friday's CRUSH pattern suggests a fairly strong downward price trend. I would be cautious of taking long positions on Friday until possibly the last 60-120 min of the day (if we see a short squeeze setup).
Please use this information efficiently. I'm trying to show you how to use my SPY Cycle Patterns to plan your trading and find the best opportunities.
I will have more info tomorrow as I continue this video series.
Intraday NQ setupI’d like to see if we can sweep some Buy Side Liquidity before trying to move lower today. We are currently at some strong Demand zones that we have already tested and are becoming WEAKER. If we can sweep those equal highs and reject the 15m Supply we might be in for a strong move lower today. Until I see a strong setup through demand or the setup I mentioned, I will not take any shorts.
No setup = no trade
Plan Your Trade 6/21 - SPY Cycle PatternsPlan your trade to prepare for future price moves using my proprietary SPY Cycle Patterns.
This is a continuing video series related to my proprietary SPY Cycle Patterns. These unique patterns highlight potential price moves/trends weeks and months in advance.
I wanted to highlight the next 15+ trading days on the charts and track these potential setups to see how closely my expectations translated into price moves.
About 3+ days into this experiment, we should see a Top/Resistance price trend today. This is usually where the price attempts to rally upward to a peak, then rolls downward, seeking a new base/bottom.
Follow my research and learn how to Plan Your Trades more efficiently.
Learning To Plan Your Trade With SPY Cycle PatternsDid you watch my SPY Cycle Pattern video this morning? Were you aware that today was designated a Harami-Inside type of price action? This type of pattern represents a very narrow, often trendless, trading day.
I warned all of you before the market opened that today would be a day to sit back and wait for the market to show us whether it wanted to trend or not. Obviously, there were some quick pullbacks and trends—but nothing very big. If you had stayed out of the market most of the day, you probably would have been happy avoiding the chop.
Tomorrow is a big CRUSH pattern. These patterns are usually fairly large price range bars that often move against the 3~5 bar trend - in this case, downward.
This video covers the next three weeks of trading in the SPY and shows how I read the SPY Cycle Patterns as "sentences" related to how prices will react and move (including trends and ranges) going forward.
Of course, nothing is 100% perfect when predicting future price trends. But I think you'll find real value in the SPY Cycle Patterns and how they can help everyone prepare for the type of price action to expect.
Plan your trade. Use all the tools required to help you make better decisions.
Remember, trade only when the market provides opportunity and efficient price trends.
I'll keep updating these videos for all of you over the next few weeks. Let's go make some money as the markets trend into Q2:2024 earnings.
Plan your trade for 6/18/24 - SPY researchHere is another video to help you prepare for the next 2+ weeks of trading in the US markets.
Using my specialized SPY Cycle Patterns and technical analysis, I still see the markets consolidating in a melt-up type of trending over the next 2+ weeks before moving into a strong rally phase near late June/early July.
You can see how my SPY cycle patterns help into understand opportunities and when to prepare for more aggressive trading.
Today is a Harami-Inside pattern - meaning I will be mostly sitting on the sidelines today. Maybe targeting one or two quick trades.
But tomorrow and the rest of this/next week look very solid for more moderate/aggressive trading in bigger price trends. And, I'm going to start preparing for the RALLY, RALLY, RALLY phase near July 1, 2024.
Learn how my specialized research can help you. Learn the Mechanics of Trading.
Let's go get'em.
2024-06-17 - a weekly price action market recap and outlook - nqGood Evening and I hope you are well.
Nasdaq. 20000. What else can you say. The AI bubble will be in the history books and Michael Lewis will write a book about the insanity that’s going on. I sincerely hope they bring the exact cast back from the big short. You can quote me on this one. Over the next months, you will read about companies cutting back on spending, especially on AI since it’s expensive af and not bringing in any money. Nvidia will probably be halved somewhere in 2025/2026 so stock should hit around 65ish. Monthly ema is at 60. I looked that up after I wrote the halving part.
comment: Let’s review this weekly painting, now that we finally reached 20000. All bullish targets are met, the upper bull channel is broken and I expect this to be a bull trap rather than a breakout above with follow through. If nq trades above 20100, I am obviously wrong. Last two times we reached new highs we sold off for a couple of weeks and this is what I expect this time as well. Market will most likely pull back from here and then retest the ath again before we trade back to the smaller bull channel around 18500 or lower.
current market cycle: 20000. Get a tattoo of that.
key levels: 18000 - 20000
bull case: Bulls outdid themselves on this one. One for the history books. Can they get higher? Sure but I doubt it. Have nothing for them in this section. Move on.
Invalidation is below 19000.
bear case: Let’s see if they appear tomorrow. We should see a decent pullback to at least 19500 over the next days, follow by a retest of the ath, which should fail. A bigger two-legged correction should get us down to 18500 over the next days/weeks. On the bigger time frame all my bullish targets are met and all wave series ended between 19000 and 20000. Got nothing for the bulls here.
Invalidation is above 20100.
short term: Who buy’s this above 20000? Let’s see tomorrow. If they actually do, no idea where it can go. I expect a pullback to 19500 and the daily 20ema.
medium-long term: This climactic blow off top was the grand finale of this bull trend. Perfect break above multiple patterns which I expect is a bull trap and we will test the various support lines next before the new bear trend will unfold over the next 3-9 months.
current swing trade: Short 20000 until bulls manage to break 20100 or big profits. I will take profits and add to this position along the way.
Chart update: This is my best guess on how the next 3-9 months will play out. Gave all the reasons above.