SPY/QQQ Plan Your Trade For 4-2 : GAP Reversal Counter TrendToday's pattern suggests price may attempt to move downward in early trading, trying to find support near recent lows, then potentially roll a bit higher.
I do expect price to move into a downward price trend - attempting to break below the 549 price level and targeting the 535-545 target Fib level this week.
Today, Thursday, and Friday are all GAP/Breakaway types of patterns. So we should be entering an expansion of price trend and I believe that trend will be to the downside.
Gold and Silver are nearing a Flag Apex level. Very exciting for a potential breakout rally driving Gold up above $3250 and Silver up above $36.
I personally believe there is nothing stopping Gold and Silver in this rally phase until Gold reaches levels above $4500. GET SOME.
BTCUSD had a very interesting spike low. I still believe BTCUSD will roll downward - targeting the $76-78k level, then break downward towards the $60k level. Time will tell.
The rest of this week should be very exciting with the Breakaway and GAP patterns.
Get some.
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