SPY/QQQ Plan Your Trade For 7-30 : Bullish POP Pattern

30 de jul. de 2024

Today's POP Pattern in Carryover mode suggests the SPY will attempt to move above $550-551 on moderate bullish trending.

I believe the way the patterns are set up, the price will attempt a moderate rally with the POP pattern. Then, move into mild consolidation (downward trending) on tomorrow's Counter-trend Bottom-Rally Start. Then, move into a moderately explosive upward/bullish phase on Thursday/Friday with the BaseRally301 and Breakaway patterns.

Overall, I see the SPY/QQQ moving into the new Vortex Rally Phase over the next 30 to 90+ days, which will present incredible opportunities for skilled traders.

I'm only trying to predict one week at a time. The last time I did this, I tried to predict three weeks into the future. The more time I include (further out into the future), the more likely my predictions will be incorrect regarding price location/range.

So, we will keep this simple - going one week at a time.

I hope you guys are benefiting from all my hard work. It took me over 20 years to learn enough to figure out these SPY Cycle Patterns. You guys are getting a taste of them for Free on TradingView.

What do you think so far?

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