SPY/QQQ Plan Your Trade For 6-30-25 : Gap Potential PatternToday's pattern suggests the SPY will attempt to create a GAP at the open. It looks like the markets may attempt to move higher as the SPY is already nearly 0.35% higher as I type.
Last week was very exciting as we watched the QQQ and the SPY break into new All-Time Highs.
I suspect the markets will continue a bit of a rally into the early Q2 earnings season where retail traders attempt to prepare for the strong technology/innovation/AI earnings data (like last quarter).
I do believe this rally is due for a pullback. I've highlighted this many times in the past. Typically, price does not go straight up or straight down. There are usually multiple pullbacks in a trend.
So, at this point, the markets are BULLISH, but I still want to warn you to stay somewhat cautious of a pullback in the near future (maybe something news-related).
Gold and Silver should start to move higher over the next 5-10+ days, with gold trying to rally back above $3450. I see Gold in a solid FLAGGING formation that is moving closer to the APEX pattern.
Bitcoin is nearing a make-or-break volatility point. I see BTCUSD breaking downward, but it could break into a very volatile phase where it attempts to rally (with the QQQ through earnings), then collapse later in July. We'll see how things play out.
Remember, tomorrow morning I have a doctor's appointment. So I may or may not get a morning video done. FYI.
Get some today.
