SPY/QQQ Plan Your Trade For 7-16 - Price Starting To FLAG OUTGood morning everyone,
Today's video should be an important warning to prepare for prices to move into a tight, consolidated, FLAGGING type of trend.
Remember, you'll hear me say price either FLAGS or TRENDS—that's it. If you understand these FLAGS are price constructs that present mechanical price structures, we can then use them to analyze future price structures. It all becomes clear that price moves in logical structures related to energy, vibration, amplitude, frequency, and cycles.
Without getting too deep into the abstract of price theory, let's focus on where to find opportunities...
Watch this video. Over the next 5+ trading days, you will find 35 very clear price swings, which I believe will provide ample opportunity for skilled traders. Beyond those 35 bigger swings, you should get ready to sit and wait (in CASH) for the bigger opportunities to set up between July 22 and 25 (for a rally to start).
Smart traders must understand you can't force the markets to move as you want. You must sit back and wait for the right opportunities for your trades (or you'll get chopped to pieces).
In this video, I've clearly laid out what I expect to see happen for the SPY/QQQ over the next 10+ days. There are still opportunities for skilled daytraders. My only warning is to START SMALL and build positions within your risk tolerance levels.
Don't swing for the fences in this market for the next 5+ days. Stay safe.
There will be more significant price swings starting on the 24th or 25th of July.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
QQQ
#DJIA to 40k!We are in a BULL MARKET so the risks are to the UPSIDE,
one of an explosive rally as fund managers who have badly gotten the market wrong
panic buy propelling the Stock market driven by #FOMO rather than reasoned analysis to far higher than people can imagine.
New bull market highs should arrive during summer 2023!
All whilst indecision reigns supreme on the likes of twitter in a perpetual waiting for a magic signal with the goal posts constantly drifting as those who failed to act when the knives were fast falling desperately cling onto hopes of the likes of #SPX 3600 and lower to buy
Even though if it ever happened they would once more be too fearful act just as they were the last time S&P traded down to S&P 3600 :)
My base case is we already had the recession, during the corrective moves of 2022.
Gold & Silver May Rally 65% to 120% Before End Of 2025This updated research video highlights why I believe Gold and Silver are about to launch higher over the next 90+ days - into the upper ranges of my BreakAway phase. This move would represent a 20~25% move for Gold and a 35~45% move for Silver.
But the BIG MOVE won't happen till after November 2024. That's when I expect to see Gold make a large upward move targeting $3500~3750+ and Silver making a move targeting $40~55+.
Why am I so confident metals will make this aggressive move higher?
It comes down to two things.
A. If the US economy continues to be the 900-lb Gorilla compared to other global economies, then metals will become the primary or secondary hedge asset for most of the world (the US dollar being the other).
B. The turmoil related to a new US President (new policies, plans, foreign relationships) could present a very real tipping point for certain aspects of the global economy. And it does not matter if Trump or Biden wins. The reality is the world will be shifting quickly into a transition phase as we move closer to 2030.
Part of the Generational Cycle process that many people fail to understand is human psychology paired with excessive central bank manipulation over the past 20+ years. This has led to a very interesting global central bank predatory mode, which is currently playing out quite aggressively related to global currencies.
The primary hedge instruments are US-Dollar-based assets and metals. That will probably continue - but at a more significant demand rate.
All of this plays out as an incredible opportunity for skilled traders.
Go get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
SPX & NDX to SHORT TVC:DJI NASDAQ:QQQ AMEX:IWM NASDAQ:NDX SP:SPX
Rising wedge pattern forming in S&P 500.....big banks price target forecast for fiscal year 2024 were $4800-$5600 ....eventually hitting all PT mid 2024......S&P500 fell last week and DJI rose last week with 4% percentage difference which means investors or big money booking profits from tech and large weighted stocks in S&P 500 and investing in small caps and value stocks because of low inflation and hoping rate cuts soon.
NASDAQ100 just witnessed bearish engulfing candle on thursday 11th july 2024....engulfing previous 4 days candles.
Read:https://www.tradingview.com/news/benzinga:1590409c1094b:0-ai-super-bulls-pay-attention-to-the-biggest-divergence-since-2001-tsla-call-buyers-crushed/
US100 - NASDAQ Completing multi year patterns!!CAPITALCOM:US100 is in a window where we have multiple patterns completing. The major pattern from the covid low completed on time last week but with now reversal in sight yet we look at the price expectation of around 20500-20639.
The smaller pattern from the Oct 2022 low goes out to the end of July.
We are in the zone so we wait for a sign.
Enjoy the day.
SPY/QQQ Plan Your Trade July 15-19 - US Broad-Sector RallyHappy Sunday.
Last week, I updated my SPY Cycle Pattern predictions, highlighting what I expected to happen over the next 15+ trading days. Even though it is almost impossible to accurately predict future price trends, ranges, and Daily close levels, I think I've done a pretty good job setting accurate expectations over the past 15+ trading days with my SPY Cycle Patterns.
This weekend, as I was analyzing this week and beyond, something became visible that alerted me to a broad market capital shift taking place. For more than 90+ days, I've warned traders that capital will move away from high-flying tech and other symbols to identify undervalued, ignored, and depressed stocks that still have fairly solid fundamentals/earnings.
Last week, we saw several stocks, most commonly shown on RSP (the equal-weighted S&P 500 ETF), break away from a flagging formation and shoot upward - gapping as it rallied. This is an obvious function of capital actively seeking new opportunities in ignored, undervalued, and depressed stock symbols. This is capital moving more evenly across the US stock market, attempting to ride the next wave higher.
In my opinion, this new Broad-Sector rally phase may continue to push the SPY/QQQ much higher than everyone expects. As a result, it could change how the SPY Cycle Patterns reflect the pending rally, contraction, and continued rally throughout the next two weeks.
Watch this video to learn more.
If I had to make a new, fresh analysis of what I expect after this big capital shift in the markets, I would move my upper price targets a bit higher and expect price to continue a stronger melt-up over the next 10 to 20+ days (throughout Q2:2024).
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
$RUT FANTASTIC STRENGTH, $NDX is the opposite!WOW what a phenomenal day!
There was HUGE volume on the TVC:RUT AMEX:IWM & it closed near the highs of the day!!!
NASDAQ:NDX on the other hand had heavier than normal volume and closed near the lows of the day
Add to the misery, bearish engulfing was formed today. NASDAQ:QQQ
Did we just see the initiation of money rotation?
QQQ Nasdaq Drop Analysis July 11, 2024Everything that goes up must come down! Many people get scared on days like today when the NQ dropped around 10% out of nowhere, but if we expand the chart, we can see that since mid-April, the Nasdaq has only gone up and up! We call this a state of institutional liquidation.
Today, the CPI results were favorable, and there was no economic news that could have taken down the Nasdaq, so naturally, the market has to go down. The question is, for how many days? We really don't know, but if we average the last pullback, we can see that it will be at least 4 to 5 days.
Thank you.
IWM Rally Around the Corner?Bullish divergence is spotted on the IWM/QQQ chart, IWM is being dragged down because of Fed hawkish comments and KRE underperformance. This is a weekly chart so we need time for this to play out, I remain bullish on IWM for the remainder of the year, even just 1% of inflows from QQQ into IWM could make it go up 10%.
Short QQQ, Long IWM?The long tech trade seems to be coming to an end here. If we continue to reject this trendline, then I think the Mag 7 and Nasdaq trade could be over and you'll be better off longing "value" going forward.
On an individual stock basis, there's a number of names that look to be forming bottoms in the value space and a number of stocks (META, NFLX, NVDA, etc.) that all look to be forming tops.
Time to rebalance the portfolio around value?
The chart should be the guide should it reject and fall from here.