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SPY Cycle Patterns For Thanksgiving Week - Sideways Melt-UpHere you go. This week I expect the markets to melt upward with a couple of bottom/momentum bottom patterns as well as holiday trading liquidity. This week may see some volatile price swings, but overall I believe the US markets will continue to melt upward. As we near the end of the year, I expect some traders to try to pull out of positions (anchoring in tax losses) and repositioning early in 2023. Enjoy your holidays with family/friends. Follow my research if you are looking for more detailed analysis of the US/Global markets.
AMEX:SPYLong
by BradMatheny
1
SPY Cycle Patterns For Nov 14~20, 2022 - Rally Week ContinuesThe incredible rally last week as traders flooded into US & Foreign market assets. The US Dollar rolled downward. Cryptos blew up and continued to tank. Traders are assuming inflation data will continue to trend downward and are viewing many foreign assets as "undervalued". You have to attempt to understand the psychology of the markets/humans and the seasonal cycles at play. On top of all of that, we have to consider the fact that the US economy is still much stronger than almost all other foreign economies right now. As I keep saying, this is a Foreign Market Crisis (credit/debt related to the 2008-09 GFC crisis) and the low-interest US Fed Policy. Easy money policies created a massive speculative bubble phase throughout much of the rest of the world. The global economy was rolling. Real Estate prices rose - causing a perceived wealth growth that was heavily leveraged. This creates a massive deflationary/revaluation process to unwind in the near future. We have not seen the end of the unwinding, but we have seen the foreign markets move far enough downward to attempt to begin to form a base. The US markets, with the current CPI data showing weakening inflation and US Real Estate data showing a strong collapse in demand/sales, will likely attempt to MELT UPWARD over the next 90+ days. But I still want to warn everyone we do NOT have any confirmed uptrend using my MRM Rotational Modeling system Bullish Trend Trigger on the Daily chart. This means, no matter how much we want to chase this rally phase, we should only be deploying a very small amount of capital into any trading activity. RISKS are still very high right now. If the MRM system changes to bullish on the Daily chart, then I will address allocation levels and the potential volatility risks. 11-13: Bottom 11-14: N/A 11-15: N/A 11-16: InsideBreakaway 11-17: BreakAway 11-18: WeekendGap/Flat 11-19: Gap Up-Higher 11-20: Consolidation 11-21: CRUSH Looks like we are going to have a fairly good week with higher trending.
AMEX:SPYLong
by BradMatheny
SPY RALLY WEEK - Are you ready for it?I continue to post these SPY Cycle Patterns as a way to help educate and explore my research/results. The interesting part of this research is these patterns originate at an anchor point nearly 5 years ago and continue to produce valuable predictive results for each week going forward - all the way out to 2028 and beyond. Why are they so important? Because they can help you understand how cycles, price patterns, and psychology play a role in future price activity. Of course, they are not 100% accurate as news items, the US Fed, and other (govt) actions may disrupt the cycle pattern trends. Ultimately, these are some of the best predictive solutions I've seen related to preparing for future trends/expectations in a long while. Elliot wave is a great tool, but it adapts to future price movement. Therefore, what you see and believe is going to happen right now may not be valid in 2 to 5 days. Fibonacci is probably the most valuable solution for attempting to develop any type of predictive modeling - besides my Cycle Patterns. Well, this is all just conjecture related to what I believe. Here we go - RALLY WEEK. Let's see what happens. Most of November 2022 is looking quite bullish. So we may see a fairly strong start to a Christmas Rally setting up this week. 11-6: CRUSH - I expect this pattern to push into Monday, driving a fairly strong upward trend. 11-7: Flat-Down - this pattern may transition into early Tuesday, but quickly move towards the BreakAway trend. 11-8: BreakAway - This pattern should carry through most of Tuesday/Wednesday. 11-9: Rally - Off we go. 11-10: Rally - Continued rally (short squeeze) 11-11: Rally - possibly a stalling rally phase headed into the weekend. 11-12: Carryover - the weekend will setup as a pause, rotation, bottom for early next week. 11-13: Bottom Follow my research..
AMEX:SPYLong
by BradMatheny
Cycle Patterns for Nov-2022 - Enjoy the November RallyThank you to all of you who have been curious and asking questions. This past week I've been busy taking care of family issues and coding. I'm still deep into researching cycles, frequencies, and cycle trends. Often, I take drives to clear my head and think about things. Just last Wednesday, I came up with the idea that multiple cycles may be operating on different levels within a price chart (almost like the Multiverse) - but slightly different. My thinking is these cycle structures are PAUSED when a primary cycle trend is active. So, there may be 5+ various cycles operating on a chart, but only ONE (the primary) is active at one time with a secondary cycle structure possibly driving shorter-term price structures. I'm going to dig into this to see what I can find out. Here are all of the November Cycle Patterns: 11-1: Bottom 11-2: UP/Down/Up 11-3: Base/Rally 11-4: BreakAway 11-5: Carryover 11-6: CRUSH 11-7: Flat-Down 11-8: BreakAway 11-9: Rally 11-10: Rally 11-11: Rally 11-12: Carryover 11-13: Bottom 11-14: N/A 11-15: N/A 11-16: InsideBreakaway 11-17: BreakAway 11-18: WeekendGap/Flat 11-19: Gap Up-Higher 11-20: Consolidation 11-21: CRUSH 11-22: FlatDown 11-23: BreakAway 11-24: Carryover 11-25: Temp Bottom 11-26: Gap Reversal 11-27: Breakdown 11-28: Momentum Rally 11-29: Gap Up-Lower 11-30: TOP Let's keep the chat going.... Have you found these cycle patterns useful? Have you checked out any of my other research/charts? What would you like my research to focus on? How can I help you improve your trading? Remember, these cycle patterns are mapped out into 2028~2029. They don't change AT ALL. I can tell you what will happen on any specific date based on my research. Are you ready for a fairly big rally in November? It sure looks like the US markets are in for a bit of a momentum rally phase.
AMEX:SPYLong
by BradMatheny
4
Custom Cycle Patterns Update - Christmas Rally Setup 2022It appears I'm getting a few people that are following my Cycle Pattern research - love it. For those of you that have not been following my research, here is a short history. Many years ago I started researching cycles, Fibonacci, Gann, and other advanced techniques. I try to deliver all of my advanced research to those that are interested in what I'm doing. Ultimately, I hope to unlock a few secrets related to how I see price action and attempt to better understand how cycles, patterns, frequency, amplitude, and shifting cycle phases really work in price cycles. If I'm able to do this, I should be able to accurately predict when and how markets will shift into different phases and how to trade them more efficiently. Much of my research is now dedicated to understanding global market dynamics (the world market trends and what comes next). I have to say I've been quite accurate in my predictions over the past few years - but predicting the future is now something I can do accurately or easily. Yet, I continue to try to provide valuable information for everyone interested. I warned of a market top setting up in July/Aug 2021 and warned everyone to start protecting trades and pulling profits as the US markets continued to peak. I warned of a 3 to 5 wave correction taking place (a wave 4 downtrend) before a new Wave 5 (uptrend) was likely to potentially setup a Christmas Rally in 2022. I've been actively suggesting the US markets were bottoming over the past 60+ days as long as certain support levels held up. I believe Gold and Silver will start a very strong price rally once the US Dollar shifts into a sideways/downward slide (which may be happening right now). I also believe foreign market ETFs & Technology shares will be the HOT TRIGGERS over the next 6+ months as investors attempt to buy deeply undervalued stocks. What this means is we are going to go through a bit of a SHIFT in how capital is deployed and where to find opportunities over the next 6~12+ months. But it also means traders/investors still need to be cautious. This is not an easy market to trade - and you should not start loading up on ETFs/Tech until we know the bottom is set. Here is the complete Cycle Pattern for all of October and early November: 10-1: Consolidation 10-2: Temporary Bottom 10-3: Gap Reversal 10-4: Breakdown 10-5: BreakAway 10-6: Rally 10-7: Carryover 10-8: Bottom 10-9: N/A 10-10: N/A 10-11: Inside/Breakaway 10-12: Harami/Inside 10-13: CRUSH 10-14: Gap Potential 10-15: Gap Reversal 10-16: Breakdown 10-17: BreakAway 10-18: Carryover 10-19: Temporary Bottom 10-20: Top/Reisistance 10-21: Consolidation 10-22: CRUSH 10-23: Gap Potential 10-24: Gap22 Potential 10-25: N/A 10-26: Breakdown 10-27: Harami/Inside 10-28: CRUSH 10-29: GAP Potential 10-30: Top/Resistance 10-31: Consolidation 11-1: Bottom 11-2: UP/Down/Up 11-3: Base/Rally 11-4: BreakAway 11-5: Carryover Remember, CRUSH patterns are BIG TRENDING BARS. They can be UP or DOWN, but generally, they tend to be downward bars (about 65% of the time). Take a look at the end of October and early November.. It looks like a BOTTOM/BASE is going to setup in early November. Can you say "Christmas Rally"? It looks like we may see a shift in the US Fed attempting to make sure they don't break assets over the next few months. Follow my research. This is going to be a great opportunity for the right trades/investments. Watch GOLD & SILVER. I believe these assets will move strongly higher over the next 12+ months.
AMEX:SPYLong
by BradMatheny
15
A little Elliot Wave Fun - are you ready for what's next?If you are like me, thinking the US markets will act as a safe haven for global capital, then you should clearly see the upside potential if these recent lows hold. If not, then you are seeing the downside risks as more likely - and will want to understand the price structure in place that may prompt some consolidation. IMO, we are amid a Wave 4 correction. Any Wave 4 correction MAY turn into a new price wave structure (ending an ABC wave and starting a new price wave). So, the reality of the current global market trend is... If my analysis is correct, we must rally to new all-time highs. For this to happen, a broad shift in investor sentiment needs to take place. If my analysis is incorrect (related to this being a bottom for the US markets, then we would be anticipating a broad global crisis event related to debts/inflation and other emergencies. I think the US Fed will move to a more moderate rate adjustment schedule while the global central banks deal with credit/debt issues. It does no good to crash the markets to stop inflation. Just like in the 70s & 80s, inflation will weaken as rates stay elevated. It is just a matter of TIME and POLICY. Capital WILL seek out the best investment vehicle in the future. I believe that will be the USD and US ASSETS. What are your thoughts?
FX:SPX500Long
by BradMatheny
6
CPI/JOBS Blow a Hole in support - CRUSHED? Cycle Pattern UpdateIf you were watching the markets this morning or were caught unprepared for the huge CPI numbers (which lag), you were probably sweating bullets watching the NQ fall 400+ points in just a few minutes. These reactionary types of price swings can be very dangerous for some traders - especially right now. But, I want to alert you that the NQ has rallied nearly 200+ points off the morning lows and may turn positive by the close of trading on Friday. Do any of you remember my Cycle Patterns? Take a look at 10-13 (CRUSH). 10-10: N/A 10-11: Inside/Breakaway 10-12: Harami/Inside 10-13: CRUSH 10-14: Gap Potential I think the Gap Potential for tomorrow may reflect an upward price gap and may surprise traders if this support level holds. Next week looks very interesting... 10-17: BreakAway 10-18: Carryover 10-19: Temporary Bottom 10-20: Top/Reisistance 10-21: Consolidation I see quite a bit of volatility over the next 10+ days while Earnings and the Fed play central roles in driving price trends. I'm still cautiously optimistic that we'll transition into a Christmas Rally phase throughout most of October. Watch for the US markets to try to setup a base/bottom over the next 4+ weeks. If the market recovers from this morning's lows - lookout. That should be a fairly clear sign the US markets are defending this support level with a vengeance. Damn the Fed!
FX:SPX500Long
by BradMatheny
Elliott Wave View: Dips in Dow Futures (YM) Might Find SupportDow Futures (YM) shows incomplete bearish sequence from 1.5.2022 high favoring further downside. The decline from 8.16.2022 high is in progress as a double three Elliott Wave structure. Down from 8.16.2022 high, wave A ended at 30975 and rally in wave B ended at 32789. Index extends lower again wave C towards 28635 which completed wave (W). Rally in wave (X) is currently in progress as a zigzag structure as the 60 minutes chart below shows. Up from wave (W), wave ((i)) ended at 28974 and dips in wave ((ii)) ended at 28772. Index extends higher in wave ((iii)) towards 30399, and pullback in wave ((iv)) ended at 29933. Final leg higher wave ((v)) ended at 30513 which completed wave A. Wave B pullback is in play to correct cycle from 10.3.2022 low before the rally resumes. As far as pivot at 28646 low stays intact, expect dips to find support in 3, 7, or 11 swing for 1 more push higher to end wave C of (X). Afterwards, Index should resume the decline lower in wave (Y). Potential target lower is 100% – 161.8% Fibonacci extension from 1.5.2022 high at 22560 – 27022.
CBOT_MINI:YM1!
by Elliottwave-Forecast
Cycle Patterns Seem To Dominate Predictive TrendsI find it very interesting that my Cycle Patterns predicted the following more than 2 years in advance of this move.. 9-26: Breakdown 9-27: Harami/Inside 9-28: CRUSH 9-29: GAP Potential 9-30: Top Resistance 10-1: Consolidation 10-2: Temporary Bottom 10-3: Gap Reversal 10-4: Breakdown 10-5: BreakAway 10-6: Rally 10-7: Carryover 10-8: Bottom 10-9: N/A 10-10: N/A Given what we saw with the SPY price over the past few weeks, could you have identified the Consolidation, Temp Bottom, Gap Reversal, Breakaway, Rally phases this week after everyone else seemed uber-bearish? I know they are not perfect yet, but I'm impressed that these cycle patterns seem to be 60% to 70% accurate within a 48~72 hour window. If they continue to perform well, we should be looking at a MELT UP over the next 10+ days that may start a new Christmas Rally phase. Follow my research.
AMEX:SPYLong
by BradMatheny
2
New SPY Cycle Patterns for next weekHere are the new cycle patterns for next week and beyond. Let's see how the market react to the Excess Phase Peak Phase 3 support (June lows). Failure of this pattern at this point could prompt a big move higher. 9-23: Momentum Rally 9-24: Rare – Major Reversal 9-25: N/A 9-26: Breakdown 9-27: Harami/Inside 9-28: CRUSH 9-29: GAP Potential 9-30: Top Resistance 10-1: Consolidation 10-2: Temporary Bottom 10-3: Gap Reversal 10-4: Breakdown 10-5: BreakAway 10-6: Rally 10-7: Carryover 10-8: Bottom 10-9: N/A 10-10: N/A 10-11: Inside/Breakaway 10-12: Harami/Inside 10-13: CRUSH 10-14: Gap Potential 10-15: Gap Reversal 10-16: Breakdown 10-17: BreakAway 10-18: Carryover 10-19: Temporary Bottom 10-20: Top/Reisistance 10-21: Consolidation 10-22: CRUSH 10-23: Gap Potential 10-24: Gap22 Potential 10-25: N/A 10-26: Breakdown 10-27: Harami/Inside 10-28: CRUSH 10-29: GAP Potential 10-30: Top/Resistance 10-31: Consolidation 11-1: Bottom 11-2: UP/Down/Up 11-3: Base/Rally 11-4: BreakAway 11-5: Carryover WARNING: There are TWO warning signals on the Short-Term cycle modeling system we need to pay attention to. These may become bigger issues for traders if they compound with other factors. 9-1-2022: TOP (Potential Price PEAK) 9-4-2022: Temporary Bottom10 9-10-2022: Rally11 (Bullish) 9-13-2022: TOP (Potential Price PEAK) 9-23-2022: Momentum Rally As I stated earlier, I see the easiest path for the US markets to take as staying within one of the THREE Pennant/Flag patterns I highlighted in the charts (above). This means we are likely to see a moderate Christmas rally phase which may trend more sideways than upward. Last week’s major cycle research trigger: My cycle research suggests the following is HIGHLY LIKELY. _ 1999 : Major Top ( Start of DOT COM event ) _ 2003 : Bottom/Disruption _ 2006.3 : Peak/Top/Extended Rally Phase ( Start of GFC event ) _ 2010 : Major Bottom _ 2013.7 : Strengthening Price Trends _ 2019.5 : Disruption ( COVID ) _ 2022.5 : Peak/Top/Extended Rally Phase ( ?? Crisis Event: Perfect Storm Phase 1 ) _ 2027 : Peak/Top/Extended Rally Phase ( ?? Crisis Event: Perfect Storm Phase 2 ) There will be some great opportunities for 3% to 5%+ swings in the markets going forward – but I don’t see many great opportunities to get involved in any new long-term positions yet. Stay very liquid at the moment (mostly in CASH). We’ll see how things progress towards the holidays and into early 2023.
AMEX:SPYLong
by BradMatheny
2
Current SPY low is < 1% from the June 2022 lows - Double Bottom?My cycle patterns suggest a rally phase is likely over the next 7+ trading days - but, the trend is very bearish today. It is almost as if the markets are flushing out stop levels - actively seeking a support level near the June 2022 lows. It will be very interesting to see how the market ends today. If we see a big recovery rally into the close, it may support my cycle patterns predictions of a rally phase leading to what may be a new support level near $365. If it continues to sell downward, then I will be forced to admit my cycle patterns FAILED today. That means I'll have to spend hours studying why this failed and if I can make any improvements to my cycle pattern qualifiers/code. I will state that my predictive modeling suggests a rally phase is still likely. So, we'll see what happens as the day progresses. Follow my research.
AMEX:SPYLong
by BradMatheny
1
Big Cycle Pattern Day - Momentum Rally DayThat means the SPY should find immediate support (after it appears a big GAP downward reflecting Europe's recession concerns). Here's a little hint: Bitcoin will likely rally along with the SPY/ES and others over the next 7+ days. The strength of the US economy/US Dollar may drive global investors into US assets and safe-havens throughout the end of 2022 - possibly setting up a very strong Christmas Rally phase. Remember, this was all predicted over 3 years ago by a major cycle event. I have every day mapped out all the way past 2026 and beyond. Next week should be very exciting. The potential for the markets to rally higher is high. There is a CRUSH day (9-28) that may represent some type of corrective price event, but other than that one day, the momentum appears to be to the upside. Hope you guys are enjoying these? Please comment or let me know if you find these valuable in any way/form? Follow my research...
AMEX:SPYLong
by BradMatheny
8
Cycle Pattern - Tomorrows Momentum Rally PatternIs it really that hard to believe that tomorrow could shift gears and move into a moderate momentum rally after the Fed raised rates 75bp? What I find incredibly interesting about these patterns is how they can paint a very clear picture of the opportunities and shifting market trends. Each day is clearly defined (except for the N/A days). Each day paints a picture of what to expect and potential trend. Reading all this data as a story or narrative provides us a very innovative way to address allocation levels, risks/opportunities and trends. Given the market volatility and trending, I would still suggest addressing any potential momentum rally with some caution. Trade smaller amounts and look to pull away from position before the close of trading on Friday. Follow my research.
AMEX:SPYLong
by BradMatheny
5
SPY, Broad Markets & the FOMC PlaybookFOMC @ 2:00 PM EST reaction will see one of 3 Events: 1. 75BPS is priced - leading to a move higher to recent intra-week Highs. 2. 75BPS is priced - leading to a tighter range into Powell. 3. 100 - 125 BPS is not priced - leading to a breakdown and a VIXplosion to 31 and VIX Curve inversion. Powell's conviction @ 2:30 PM EST sets the Equity Complex in further motion of which there are 3 events: 1. Powell indicates the FED is making progress but needs to see further Data and intends to remain vigilant. 2. Powell indicates the FED sees further Risks to Inflation and needs to bring Fed Funds aggressively towards the Inflation Rate. 3. Powell indicates the FOMC's trend toward Higher Rates will need to remain consistent in order to maintain stability with November an important timeframe for the FED. ______________________________________________________________________ Nature abhors a Vacuum. As does the US Dollar - Any spike above 110 leads to 111.71s. Dot Plots, Terminal Rates... will all see an adjustment, one that has made higher velocity movements recently. The Yield Curve - with 1's over 4%, 2's approaching 4%, and a new Inversion dipping into prior lows and exceeding them @ - 0.487% - doubling the prior 2 most recent curve inversions. The Market Signals are quite clear - indicating the FED will raise 100BPS as a flood of Global Central Banks Rate decisions are set in motion this week and next. Competition is building among them. Powell will not be sanguine. That will not happen today IMHO. Powell will be direct in the extreme once again as the FED has no intention of back off until 8 months after their final rate increase. This is the history of Interest Rate Cycles - this one will be shorter and far more volatile than prior cycles. ______________________________________________________________________ Yes, we are at the lower end of the Risk Range, but nowhere near the lows. It is important to remember, RIsk compounds from elevated levels - which provides vacuous sucking sounds time and again. ______________________________________________________________________ Time favors the Spread, if you are using leverage, the October Monthly Expiry is the safer Trade into an October Straddle - direction neutrality the higher probability of profit. The tightest spread is preferred as the IV is elevated, should it come down, close the position as IV can move in either direction today, it is VIX Settlement. Lack of volatility - is the lowest probability providing the performance. The key to success is to close the position within a few days. I am taking ATH only. ______________________________________________________________________ Trade Safe & Good Luck.
AMEX:SPY
by HK_L61
12
SPY / ES / SPX - Market Structure & PostureWeekly Engulfing Charts are clearly not a preferred look for the Buy Side and those riding the Bullish Tilt-O-Whirl - Bodies are being flung everywhere. The Dollar is doing its thing, it ran to our PO at 107.65 with a 107.67 print and reversed yet again. it's been a pattern as the EuroDollar continues the ties that bind, Dollar shortages create demand until the Dollar is dethroned. Sell Side has lifted the CBOE P/C to (.82). Please note after the brutal June 17th 4X - we reversed very hard the following Monday. For Roll out the Options Curve - it's muted Frankly. Traders took their Bags, packed up, and headed off to parts unknown. That said... Bulls may have a chance to hold and to have... "may" - as horrific as it looks, Wall Street may surprise with a short Countertrend to shake off the Late chasers. Again it is "may" not will - It is, however, exactly what I would do. There simply isn't enough Capital to transfer in the leveraged deep end of the Pool. It seems there is another attraction elsewhere for now - unaware of any real contests outside of the Lounge, but the lizards are somewhere, for certain. Sentiment everywhere is pure doom, gloom, and kaboom. Understandably so after Teton Jerry and CPI - it's been a brutal month for Buyers. Wrecked and Raked at every turn. ______________________________________________________________________________ Here's O/I for SPY into Month End by Expiry: SPY 9/19 Exp - Very Low Participation SPY 9/21 Exp - Moderate Participation (FOMC) / VIX Roll/Settle Complete 4 PN EST on 9/20) SPY 9/23 Exp - 360 Participation @ ~70K SPY 9/26 Exp - Very Low Participation SPY 9/28 Exp - Very Low Participation SPY 9/30 Exp - Very High Participation @ 390 @ 102K / 385 @ 134K / 370 @ 143K / 350 @ 120K October Monthly Expiry needs those traveling to parts unknown, requiring some time to re-engage. It is important to note the early & largest entry for October was 372 Puts. On to the Chart ______________________________________________________________________________ Charts are simple messy, mixed, and have the appearance of that "double bottom" in trade and quickly... which may be why it doesn't happen. The KEY Line in the Sand is not the Lows, it is the dip in below 3588 - that is a number so please commit it to memory, breaking it.. assure a return to far lower lows, but over time. We completed Day 21 of this downside Crush from Wall Street. The Financial Media has been abuzz about multiple contractions after spending weeks supporting "Pivot Chatter" and, surprise, "Multiple Expansion" - remarkable anyone listens. For "Time" we need a breather... soon. it's important to remember the ES defended the FHWB - all-time highs to lows @ 3849.50 @ 3853. Structurally - it looks bleak. I mean look at it... it's terrible. Longer Term, even worse - but that is for later, for now, it's interesting... and it is quite possible we get a larger counter-trend Squeeze developing this week. A very nasty one... quite possibly. RSI STO supports its development near term. Best to be agile and not be caught offsides, as fear is grinding lower - currently @ 36 as the September Vix settles on - Powell the 21st. Jerry's arrival Wednesday with 75BPS most likely, as 100BPS I was looking for may be split to the November FOMC as it appears to be 75BPS as well. The Ministry of Financial Truth was out early in the week touting100 only to hear JPM quash that with "The Fed isn't going to raise 100BPS, but 75BPS". We will see, I'm non-plussed with Forward Rates trading @ 4.5%. Yields have gone vertical... never a good thing, not ever. Institutions apparently now consider the 1 & 2-year pristine collateral. I had to laugh when Bloomberg touted - "Yes but the 30/90 Day are not inverted~!" Oh, Hooray for this - perhaps it's the fact Yellen curtailed issuance to non-existent and the Market for the very short end of the Curve... is not trading any real liquidity. Something is going to give - but in a most unusual way. Yes, valuations will be corrected further. Of this there is little doubt, it's how it occurs that traders seize. Wall Street enjoys a nice lift ahead of EPS Season... with Powell stuck squarely in the middle. ______________________________________________________________________________
AMEX:SPY
by HK_L61
14
For All Of You Following My Cycle Patterns - Here's Next Week.As you know, I have these setup 4+ years out into the future and continue to identify new RARE and UNIQUE patterns as time allows. I'm even up to 5~6 bar setups in some of them. Yet, next week shows a very interesting set of Cycle Patterns... 9-19: Inside/BreakAway 9-20: BreakAway 9-21: Carryover (Possible Reversion) 9-22: Inside/BreakAway 9-23: Momentum Rally *9-24: RARE - Major Reversal *9-25: N/A 9-26: Breakdown201 9-27: Harami/Inside 9-28: CRUSH (*Bearish) * = weekend I'm reading this as a very important and volatile week will follow the Fed rate decision. The US/Global markets may move into FULL CAPITULATION after the Fed next week. But, The RARE - Major Reversal pattern and the Momentum Rally pattern suggest the end of the week may see some type of "reversion" of the previous downward trend. The following week (early) - we move towards a CRUSH pattern (9-28). Those tend to be very strongly BEARISH. Stay protected. Follow my research and learn how I can help you navigate these incredible price swings. We may see a little support in the markets tomorrow, but it looks like traders are already anticipating a 75pb rate increase and selling ahead of the Fed decision.
AMEX:SPYLong
by BradMatheny
2
Today is a N/A Day (No cycle pattern) - what to expect...Today will likely be a carryover of yesterday, setting up tomorrow's TOP pattern. Because of this, I expect a bit of a rally phase today (rebounding off the lower support channel) and possibly attempting to move above 395 if there is substantial buying activity. Yes, the Fed decision is near, but traders are still using the US equities market as a hedge against foreign market risks because of the stronger US Dollar. Gold and Silver will likely setup another retest of recent support. The markets are shifting and we could see a big move next week with the Fed decision. Right now, I see the markets struggling to find support and attempting to hold above the Flag/Pennant lower channel. Crude oil is lower - suggesting the global economic demand for oil is weakening. Stay cautious. Follow my research. These cycle patterns are really incredible in how they predict days/weeks in advance.
AMEX:SPYLong
by BradMatheny
7