SPY/QQQ Plan Your Trade for 12-11: Flat Down PatternToday's pattern suggests the markets will slide downward after the CPI data came in as expected.
I believe the markets are going to roll into an Excess Phase Peak pattern over the next 5+ days - setting up a big potential downward price swing (the Anomaly Event) before the end of 2024.
Gold is moving into a CRUSH pattern today. We may see a very big price move (I suspect higher) today as traders move to hedge weakness and market concerns globally.
Bitcoin recently set a new lower low, showing us that the dominant trend is Bearish.
Bitcoin set up another potential Excess Phase Peak pattern, totaling four current Excess Phase Peak patterns in this broad sideways consolidation range.
The breakout, either to the upside or downside, in Bitcoin could be very explosive.
Remember, we continue to trade into a low liquidity price trend throughout the end of 2024. So stay cautious and stay aware of the risks for the Anomaly Event.
Get some.
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QQQ
2024-12-10 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well.
nasdaq e-mini futures
comment: Beautiful bear channel and you should trade it until it’s clearly broken. We are going down but it’s weak selling. Bears barely get lower prices, even on increased volume. Means that there is also much scaling into longs for probably another big leg up.
current market cycle: Bull trend - very late and we are in the very last stage of it
key levels : 21000 - 21700
bull case: Bulls are keeping the market two sided, since the channel is shallow. Market closed only 80 points lower than yesterday. As long as bulls have strong pull backs in between, they are fine and they can scale into longs and make money. Bears have to take profits at new lows in fear of another big pull back higher. That is why we are mostly moving sideways, despite making lower lows and highs.
Invalidation is a daily close below 21000.
bear case: Bears are trying on increased volume but they are not doing enough damage to the bulls, to make more cover or prevent them from buying new lows. Bears can’t sell 21400 because we can easily test back up to the top of the channel. If bears are strong, they will keep it below 20500 tomorrow but I highly doubt that. I do think the high 21606 will hold. Trade the channel.
Invalidation is above 22000.
short term: Bullish for 21500ish. Maybe 21530. I favor one or two more legs down before Friday’s close. As of now with the structure we have, I can only imagine that we will see another full melt up from next week into year end. Maybe 22000. If this closes 2024 below 21000, consider me surprised big time.
medium-long term: Will update this over the weekend. 22000 is a possibility but a bit far for now. Daily close above 20500 would bring it in play. First target for Q1 2025 is 19000.
current swing trade: Nope
trade of the day: Selling near 21600 was perfect. Bears showed strength in that area and once we broke below 21540, market never looked back.
SPY/QQQ Plan Your Trade For 12-10: Bearish ExhaustionToday's pattern suggests the SPY & QQQ will attempt to trend downward in early trading (trying to find support), then roll into a congestion period finding a Bearish Exhaustion pattern.
As you will see in my charts, I expect the SPY/QQQ to stall over the next 3-5 trading days and then move into a correction period - trending downward before the end of 2024.
Gold and Silver are moving higher as economic data continues to suggest the strong US economy/inflation trends are putting pressure on global markets. This translates into FEAR.
The next big move in Gold/Silver may come before the end of 2024 as well - sending Gold above $2900 and sending Silver above $35.50.
Bitcoin is probably the most interesting chart - setting up a Triple Excess Phase Peak pattern in a broad consolidation range. Currently, the dominant pattern is suggesting a downward price move is very likely. Although, a break above 102k (resistance) could send Bitcoin rallying much higher.
Get ready for some big moves.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
#EURUSDEUR/USD Update, The pair continues its upward trajectory, driven by improving Eurozone sentiment and USD softness. Bulls are eyeing a key breakout above , potentially targeting . Support holds firm near , offering a solid risk-reward setup. Keep an eye on macro data for further momentum. #EURUSD #ForexAnalysis #Trading
GOLD 1HR CHART XAUUSD Gold is displaying strong indications of upward momentum, driven by favorable market conditions and a renewed interest in safe-haven assets. With global economic uncertainties, a weaker dollar, and ongoing geopolitical concerns, gold continues to attract investors seeking stability. Technical analysis suggests a bullish trajectory, with key resistance levels potentially being tested in the coming sessions. If these levels are breached, the upward trend could accelerate further, paving the way for significant price gains. However, traders should remain cautious and monitor macroeconomic developments that could influence market sentiment...
UPDATE for the Markets and Active H5 TradesUPDATE for the Markets and Active H5 Trades
🎂 Today is my oldest sons second birthday. We already celebrated this morning, had birthday donuts and opened gifts. Got my market time in and now...
I'm logging off for the day and going to be with him on his special day. Especially after the scary times we've been through with him the last two weeks.
Family First ♥️
See you all tomorrow!
Here's a last minute 🎁 from my son to you. Updates👇
QQQ | Pullback Opportunity with Continued Growth PotentialWelcome back! Let me know your thoughts in the comments!
** QQQ Analysis - Listen to video!
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SPY/QQQ Plan Your Trade For 12-9: Nothing PatternI'm visiting family most of this week and will be disrupted from my normal schedule for another 3+ days.
Please be aware I may not be as available for questions/comments as I usually am.
Please watch how the markets are extremely overbought at this moment and will likely fall into a pullback mode.
I don't expect this to be a big pullback - but big enough that you should consider locking in profits before the move plays out.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Nobody Appreciated it!! XAU/USD has finally hit the precise target I predicted with confidence just yesterday, and while I shared my analysis and insight in advance, it seems like no one took the time to acknowledge or appreciate the effort that went into this forecast. It's disappointing to feel overlooked, but in the end, the results are undeniable, and the accuracy of my prediction speaks volumes. Success like this reminds me that consistency and skill are more valuable than recognition, and I’ll continue to trust my work, whether or not it’s celebrated by others.
Stock Market Weekly Preview: Dec. 9th📊Stock Market Weekly Preview: NASDAQ:QQQ AMEX:SPY AMEX:IWM
In this video, we’re diving into:
🔹Stock Market & Economic News
🔹Market Direction
🔹My H5 Tools & Strategies
🔹New & Current Trades
Let’s dive in and uncover the insights you need to stay informed and strategic! 👇
Views Of Gold New Weeks ☄️Overview of the new week's gold market☄️
➡️Currently, the gold price is still in the side ways area in the large frame H1 and H4. They will break the 2700 area and return to the 2644 - 2641 area, we will Buy.
➡️And if we break the 2580 area and return to the 2620 area, we will sell
➡️Next week we will Buy and Sell in the area 2661 - 2615 until there is a price breakout and we will apply the above prices.
✨Wishing you a happy and happy weekend with your family✨
QQQ The Target Is DOWN! SELL!
My dear subscribers,
QQQ looks like it will make a good move, and here are the details:
The market is trading on 526.54 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 515.69
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
———————————
WISH YOU ALL LUCK
SPY/QQQ Plan Your Trade For 12-05 : Harami-Inside DayToday's pattern suggests the SPY/QQQ will stay rather flat and likely close within yesterday's body range.
I'm not expecting a lot of price action today - although we could see a high/low range outside of yesterday's body range.
Gold and Silver are struggling to find support and rally from recent lows. The US Dollar's move back below 106 is positive for metals. But I urge traders to stay very cautious until they see a clear bullish breakaway pattern in metals.
I've been trying to tell everyone for 3+ weeks that the markets typically go a bit WONKY after a big election process. This year, Trump's victory was a big surprise for many, and I'm confident traders are attempting to avoid risks by staying away from making big moves before the end of the year.
Bitcoin fell back below $100k again and I believe BTCUSD could be setting up a very large Excess Phase Peak pattern. If I'm correct, we may see Bitcoin fall to GETTEX:82K (possibly $72k) as the EPP pattern continues.
It is very early in this EPP price structure, but ultimately, the EPP either continues to play out or invalidates. So, one way or another, we will either see a move down to GETTEX:82K (or below) or a rally move breaking above the $103k highs.
Again, I expect a very flat day for the SPY/QQQ. Stay safe.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Red Flag in Tech: SMH vs. QQQ Breakdown Signals Potential Introduction:
Despite the bullish seasonality currently supporting the market, a concerning signal is emerging from a key driver of this stock market rally: the ratio between semiconductors NASDAQ:SMH and the Nasdaq 100 NASDAQ:QQQ . This ratio serves as a critical gauge of tech sector health, as the major tech and AI players fueling this bull market rely heavily on semiconductor innovation.
Analysis:
Tech Sector Health: The SMH-to-QQQ ratio has historically been a strong indicator of tech sector momentum. When semiconductors outperform, it signals strength and optimism in the broader tech sector. Conversely, underperformance by chip stocks raises concerns about the sustainability of tech-driven rallies.
Emerging Concern: Currently, this ratio appears to be breaking down from a rounding top formation—a bearish signal. If this trend persists, it could lead to increased market volatility, potentially as early as year-end or into early 2025.
Market Implications: For the bull market to maintain its momentum, this ratio needs to reverse course soon. Semiconductors are not just another tech subsector—they are foundational to the AI and big tech themes driving this rally. A continued breakdown could dampen market sentiment, impacting broader indices.
Conclusion:
The SMH-to-QQQ ratio is flashing a warning signal, with a potential breakdown that could lead to increased volatility in the near term. However, chip stocks still have time to recover and restore market confidence. This ratio will be a crucial indicator to watch as we approach the end of the year. Will chip stocks regain their footing, or are we headed for a turbulent 2025? Share your insights below!
Charts: (Include relevant charts showing the SMH-to-QQQ ratio, the rounding top formation, and support and resistance levels)
Tags: #Semiconductors #Nasdaq #TechSector #SMH #QQQ #MarketTrends #TechnicalAnalysis
The Anomaly Price Event May Hit Before December 31Just before the US Presidential Elections, I published a detailed research report suggesting the markets may move into a low-liquidity event that could be very dangerous for traders.
My Adaptive Dynamic Learning (AI) predictive modeling system highlighted a range of price volatility just after the election showing a very real downward price event. If this event takes place, we may see the SPY/QQQ fall more than 5.5% while other sectors may fall more than 10.5%.
What is interesting is the post-election rally pushed some SPDR sectors above the upper ADL predicted price range. This means price is now very overbought in terms of expected levels.
Any reversion could prompt a very solid downward price move and catch many traders by surprise.
I'm watching my Crash Index and the XLF & XLRE sectors for any signs of a breakdown.
I suggest all of you move to protect capital as we move into the end of 2024 and prepare for what may become a very violent and volatile Anomaly Price Event.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold