WEEKLY FOREX FORECAST SEPT 7-11th: SP500, NASDAQ, DOW JONESThe 3 Indices are in position to move higher. I am looking for long setups only, as my bias is bullish. My targets are the PWHs, and potentially ATHs.
My bias changes with a break below the Weekly FVGs.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
NQ
SPY/QQQ Plan Your Trade For 10-9 : Breakaway In Counter TrendToday's video goes over why I believe today will be somewhat quiet in terms of trending and expectations. As I suggested in the video, today is a good day to trade with only 20-30% position sizes - or to take a day off and go golfing.
I don't expect any big moves today - even though today's pattern is a Breakaway in Counter-trend mode.
I believe the markets will pause today - seeking support/resistance and trying to establish a range for a bigger move on Thursday/Friday.
I hope you guys are learning how to use the Excess Phase Peak patterns more efficiently. They are not easy to learn - especially now that I'm showing both the Ying & Yang side of these patterns.
They happen everywhere and can be very important when making decisions.
Remember, price only does two things: Trends or Flags.
That's it. There is no other type of price action you have to prepare for.
Get Some.
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Gold Washout Low/Excess Phase Peak #3 Setup - Get ReadyThis short video highlights why I believe Gold is building a base near $2640 for a big rally move up to $2760++.
Yes, I highlight some concerns in this video.
I expected Gold to move more aggressively to the upside over the last 36 hours, but this is trading. Everything doesn't work out perfectly in all instances.
If you are trading Gold, this video should help you understand what is happening on the price chart and why it is so important for Gold to build a base and move higher from these lows.
If Gold breaks below $2620, all bets are off, and we may see a broader breakdown. But I don't think that is likely to happen with this move.
I still see the $2780 level as the upper target.
Get some.
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Analyzing BTCUSD Using Excess Phase Peak PatternsI've been getting lots of emails and comments about the Excess Phase Peak patterns I use on my charts.
They are really quite simple to understand once you learn their structure/process.
But, the hardest part of using them is they work as a YING/YANG type of price structure. While the bullish Excess Phase Peak patterns are operating, the other side of price action, the bearish Excess Phase Peak patterns, are also operating in price.
So, you have to be able to see what's in front of you from both sides.
In this example with BTCUSD, I try to highlight both the bullish and bearish Excess Phase Peak patterns for traders to learn to use them more efficiently.
Get some.
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SPY/QQQ Plan Your Trade For 10-8 : Gap Breakaway PatternToday's Gap Breakaway pattern suggests the SPY/QQQ will gap up and rally higher - moving away from yesterday's base/bottom.
Remember, we had two basing and bottoming patterns over the weekend. Although I don't really count weekend patterns as drivers of price trends, I view them as psychological patterns. In other words, they reflect expectations headed into the following week of trading.
So, the basing/bottoming patterns last weekend will likely resolve into a melt up type of trend this week and the gapping/breakaway patterns this week will, as a result, present a strong opportunity to the upside for traders.
Recently, I started drawing the "Roadmap" trade signals on the charts for traders. This is an attempt to make things easier for all of you. Allowing you to see where the opportunities are for Options or Share trades more clearly.
Ideally, if this works for all of us, then I'll be able to map out 4 to 7+ days of price rotation in clear trade triggers for all of us to use.
Now, something interesting I wanted to point out is the SPY has just moved into a #3 phase of an Excess Phase Peak pattern. It is a very small pullback off a high - but it is still a valid Excess Phase Peak pattern.
If price rallies today, as I expect, this rally will invalidate the Excess Phase Peak pattern and put us into a strong rally phase targeting $605 on the SPY.
Gold is getting ready to move into a basing/support zone over the next 18+ hours - then really start to rally higher.
BTCUSD has rolled downward - just as I expected moving into the #3 phase of it's Excess Phase Peak pattern.
Again, if you are not paying attention - I'm picking apart all of these charts very cleanly and the information I present should be helping you see and identify better trade opportunities.
Tell me how I'm doing.
Get Some.
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NQ Could Potentially Purge Tuesdays's Lows?
Price looks like it's heading towards Tuesday's Low. We don't have any major news today so I'm not expecting huge movement but, from what price has shown me, it looks like the next draw on liquidity is Tuesday's low.
After price entered and respected the Weekly Imbalance, it displaced lower with energy and retraced back to the 4-hour order block that was responsible for that displacement leg. The first 4-hour order block was respected and price, again, pushed lower creating another 4-hour order block.
Now, it looks like price is drawing towards that second 4-hour order block and if it respects that level, then I would like to see price run lower and take out Tuesday's Low.
I am not a financial advisor. Trade at your own risk. I am only sharing my ideas and predictions of what price could do and I could be 100% wrong. Stay safe!
SPY/QQQ Plan Your Trade 10-7 Roadmap UpdateThis short video updates traders related to the SPY & GOLD Cycle Patterns and how I see price playing out over the next 48+ hours.
I also highlight the resistance level setting up in BTCUSD.
Should be interesting to see how this plays out over the next 4+ days.
Get some.
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SPY/QQQ Plan Your Trade for 10-7 - SPY Cycle Patterns RoadmapThis week, I'm trying something I started over the last week or two - a "Roadmap" of what I expect to see price do going forward 7-10+ days.
Now, this is something most people won't do because it presents a "live or die" outcome. Either I'm going to be right (or somewhat right) about price action and can live with my expectations - or, I'm going to be completely wrong about all of my expectations and it will prove to be a failed exercise in the use of my SPY Cycle Patterns.
So, at this point - you know I'm hoping price does exactly what I expect it to do.
I started doing this about 2 weeks ago. I just started calling it the "Roadmap" for traders (tieing into the Plan Your Trade concept).
What I'm trying to do is to show you how I use my SPY Cycle Patterns (and other analysis techniques) to try to stay ahead of market trends. And you can learn to do this as well.
It just takes time, practice, and knowledge.
So, as we start the week out in early October - let's see how this plays out and if we get any surprises with price action.
I spend quite a bit of time going over BTCUSD today - pay attention.
Get some.
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$SPY OVERIVEW ON THE MONTHLY TIME FRAMEAn overview of AMEX:SPY from a technical standpoint. This does not include any fundamental / economical consideration.
AMEX:SPY has been in this rising channel since 2020.
Each wave / rejection from the trendline / channel caused a 10 - 12 month directional move 100pts +.
AMEX:SPY is at the top trendline / channel again. Could see an upward continuation of price in an attempt to hit $600. Failure to break through $600 could start the retracement / correction / pullback over the next 10 - 12 months back to the bottom of the channel / trendline.
This would put AMEX:SPY at around $500, give or take 20 - 40 pts. This would be in alignment with what some of the more well-known analyst / economist has been stating about 15/20% correction.
Reason for the margin of error is the last two waves moved an avg of 140 pts. $500 is a key level psychologically and from an algorithmic point of view.
$600 is also a key psychological / algorithmic level as well. If there is a break of this level, market could see another 20 - 40 pts topside move before consolidation and then possible retracement / correction / pullback.
This is NOT financial advice but merely an opinion.
SPY/QQQ Plan Your Trade 10-4 End Of Week Wrap-upWhat a great week overall! My SPY Cycle patterns worked fairly well to target buy/sell zones 4-7+ days in advance and really provided some much-needed guidance for traders this week.
I've been getting emails and messages from many traders telling me how my research and SPY Cycle Patterns have changed their lives.
It sure makes things easier when you have this level of information about the future of price trends/ranges, right?
As we head into the weekend - let's take some time to help those around us that need our assistance. After the recent Hurricane, I'm sure people within your reach need a little assistance.
Remember, this is when we, as Americans, need to stand up and help fellow Americans.
Be safe, and see you on Monday.
Get some.
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Understanding Excess Phase Peak Patterns In More DetailThis video helps traders identify and understand Excess Phase Peak patterns in more detail, particularly in relation to current market trends.
Remember, these patterns are the constructs of all price action/activity. So, if you can learn to see, understand, and trade these patterns, you should be able to pick apart any chart - on any interval.
What's most important is for you to build your knowledge and understanding of price data. Price is the ultimate indicator.
Indicators and other systems are great to help you see and understand what price is doing - but PRICE is the real RAW SOURCE of all data. So, learning to understand better what price is doing is critical to improving your skills and trading abilities.
Hope this video helps.
Get some.
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SPY/QQQ Plan Your Trade For 10-4 :Up-Down-Up Pattern (Counter)Today's pattern is an Up-Down-Up in Counter Trend mode. Thus, I expect to see and Dn-Up-Dn pattern today.
This pattern reflects today and the previous two days - as Down - Up - Down in range.
Overall, I expect today to be rather muted in terms of total range. Price should stay muted, sideways and drift downward overall.
Additionally, I believe the markets will be attempting to settle into support headed into dual base/bottom/momentum rally patterns setting up this weekend. I believe these patterns reflect a momentum shift that will launch the markets upward next week.
Gold and Silver will melt-upward today - likely attempt to settle the week near weekly highs.
BTCUSD is struggling to start forming a base near the 59k-20k levels. It will likely take 4-5 days for BTCUSD to actually build enough momentum to roll out of this basing pattern.
So, today is a day to prepare for the weekend and for next week's trading activity.
Sit back and take it easy today as price settles into the weekend's shifting momentum.
Get some.
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ES Setting Up Excess Phase Peak Pattern - Stay Cautious Today.This price volatility has setup some very interesting price patterns on the chart. Particularly multiple Excess Phase Peak patterns on the ES chart.
My analysis suggests the ES must attempt to find support above the 5738 level, otherwise the ES (and NQ) will likely attempt to move downward into the #3, #4 and #5 stages of the Excess Phase Peak pattern.
This short video highlights how to use the Excess Phase Peak Patterns for your trading.
Stay cautious today. Price is very volatile and it is likely that we are seeing capital react to external news (again).
Get some.
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SPY/QQQ Plan Your Trade For 10-3 : Reversal Rally DayOver the past few days, I've posted 4-5+ videos highlighting my SPY Cycle Patterns and how these help traders plan and prepare for future price action/trades.
Today's Reversal Rally pattern should prompt a moderately strong upward price move in the SPY/QQQ. I'm expecting the SPY to attempt to rally up into the 572-573 range today - maybe a bit higher. The QQQ may attempt to rally up into the 487-489 range today.
Gold and Silver are working through a Temporary Bottom pattern today. This pattern usually starts with a moderate downward price move (setting up a base) and then rolls upward. So, I expect Gold to attempt to move back up to the 2680-2685 level today, and I expect Silver to rally up to the 32.12-32.25 level today.
BTCUSD is stuck in the Excess Phase Peak setup's downward (rolling base) pattern. This rolling base will likely take more than 2-4 days to resolve before we'll start to see BTCUSD move into the FLAGGING stage of the Excess Phase Peak pattern.
This suggests BTCUSD will struggle over the next 4 to 7 days before resolving into a moderate uptrend (the FLAGGING stage) - leading to a make-or-break price move sometime near October 15-19 or so. That make-or-break move could be huge depending on how BTCUSD resolves the end of the FLAGGING phase.
Get Some.
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SPY/QQQ Plan Your Trade 10-2 End Of Day Review.For those of you following my research and SPY Cycle Patterns, this video helps to understand where we are within the SPY Cycle Patterns (and also the GOLD Cycle Patterns) while providing context and information related to future trends.
I suspect the price will follow my "Buy Here" and "Sell Here" levels very closely, as this week's price rotation seems very clear.
Most traders should have no problem trying to understand where opportunities exist after the recent Harami and CRUSH patterns collided into one bigger downward sweep of price. Over the last few days, the Israeli/Lebanon conflict became a focal point, and prices reacted to this news.
Now that the issue seems to have passed (a bit), the markets will return to doing what they do.
Watch this video and post any questions you may have.
The rest of this week should be a great opportunity for skilled traders.
Get some.
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SPY/QQQ Plan Your Trade 10-2 CRUSH Pattern UpdateThe SPY is searching and seeking support early in trading today.
I believe this attempt to find support will fail, and the price will continue downward, attempting to find lower support.
Watch this video as price attempts to identify direction and trend.
Get Some.
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SPY/QQQ Plan Your Trade For 10-2 : CRUSH Pattern TodayPlease take a minute to watch this video related to my SPY Cycle Patterns and today's CRUSH pattern.
Although I expect the markets to find support over the next 2-3 days and resume the rally higher, today's CRUSH pattern will likely prompt the markets to sell downward, looking for support.
I've clearly laid out the rotations I expect for the SPY/QQQ, and Gold/Silver in this video.
I've also shown why I believe BTCUSD will struggle to move away from the $57k to $61k level over the next 10 to 15+ days. It is likely trapped in a rolling base/bottom pattern, moving into the Flagging stage of the Excess Phase Peak pattern.
The markets are struggling for direction right now, but I believe the outcome for the SPY/QQQ is still bullish and I believe Gold and Silver will make a very big move higher into the end of this year.
Bitcoin is another story. It is searching for support and may break downward if this Excess Phase Peak pattern unfolds correctly.
Get some.
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SPY/QQQ Plan Your Trade For 10-1 : Amazing Harami PatternI wanted to create a video highlighting some of the success my SPY Cycle Patterns have had over the past few weeks and months for all of you.
Many of you don't comment on my videos but follow my research intently. I see my videos getting 250 to 400+ views daily - so I know many of you are seeing my content. And that makes me happy because I'm doing this to help you become a better, more skilled trader.
Yet, after the last few days of price rotation, and particularly today's big news day, I'm absolutely amazed that if the SPY closes above 750.45, we may end up with a true Harami-Inside price pattern.
I want all of you to consider something for just a few minutes. My SPY Cycle Patterns are built on Fibonacci and GANN technology, which attempts to map out price patterns in a matrix. From this matrix, I can develop complex lookup engines (an inference engine) that attempt to map the current price pattern with known data from the matrix.
By doing this, I can map out any construct or type of price action/pattern that happens within price—now, in the past, or in the future. And, with my complex inference engine, I can map the Fibonacci/GANN structures nearly forever into the future.
For example, here are the SPY Price Patterns for the first two weeks in November 2036...
11/1/2036 Top/Resistance
11/2/2036 GAP Potential
11/3/2036 GAP-Reversal
11/4/2036 GAP/BreakAway
11/5/2036 Break-Away
11/6/2036 Carryover
11/7/2036 Inside-Breakaway
11/8/2036 Break-Away
11/9/2036 WeekendGap/WeekdayFlat
11/10/2036 GapUp-Lower
11/11/2036 GAP/BreakAway
11/12/2036 Harami-Inside
11/13/2036 CRUSH
11/14/2036 GAP Potential
11/15/2036 Top/Resistance21
What amazes me is that these patterns are predicted more than 3 to 5+ years before the actual price moves.
Like today's Harami pattern, I'm amazed that my SPY Cycle patterns could attempt to accurately predict a Harami-Inside price pattern 3+ years in advance of it happening.
I don't know anyone on the planet who can do this research and attempt to accurately map out future price trends/moves/setups like this.
Watch this video and see why learning to use my SPY Cycle Patterns is absolutely incredible.
I'm going to work on a QQQ version next.
Let's go get some profits together.
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SPY/QQQ Plan Your Trade For 10-1 : Harami-Inside PatternToday's video spends quite a bit of time going over the next 8+ trading days and why I expect the markets to continue to move upward - with the SPY targeting 595-605.
What is important to understand is that outside new events can disrupt my SPY Cycle Patterns. So, this new move by Israel to encroach into Lebanon may present some real disruptions in price activity.
But, ignoring that potential news suggests my price patterns will show price ultimately wants to melt upward.
My own personal opinion is the world has already discounted The continuing conflicts between Israel and these terrorist groups. I believe the world already knows Israel will do what is necessary to prevent further rocket/other attacks from these groups. And that's that.
So, I don't see it being a big distraction for the markets.
In fact, I see it as the natural order of how things must play out to reach a conclusion.
And I see the world's global markets moving higher as a result of these conflicts and the pending US elections.
Follow my research and ...
Get Some.
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