SPY/QQQ Plan Your Trade For 11-15: GAP-Reversal Counter-Trend
Today's Pattern suggests the SPY will GAP downward at the open and attempt to identify a base/bottom throughout the day.
I belive this move may represent a pause in the downward trend, shifting into a FLAGGING pattern as part of a broader Excess Phase Peak pattern.
If I'm correct, we are going to move into a moderate BUYing opportunity for the SPY/QQQ lasting into Tuesday/Wednesday of next week.
Gold and Silver appear to be setting up a base/bottom off a very deep Phase #5 (Ultimate Low) of a current Excess Phase Peak pattern. This means, if we continue to get confirmation, that Gold and Silver will attempt to move higher and attempt to move into the Phase #3 of the Excess Phase Peak pattern (a move into a consolidation phase).
BTCUSD is current exhibiting a dual type of Excess Phase Peak pattern that suggests a broader breakdown is in the works. Possibly back down to 78-82k. This could be a very big contraction event for BTCUSD.
Buckle up.
Happy Friday.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
I belive this move may represent a pause in the downward trend, shifting into a FLAGGING pattern as part of a broader Excess Phase Peak pattern.
If I'm correct, we are going to move into a moderate BUYing opportunity for the SPY/QQQ lasting into Tuesday/Wednesday of next week.
Gold and Silver appear to be setting up a base/bottom off a very deep Phase #5 (Ultimate Low) of a current Excess Phase Peak pattern. This means, if we continue to get confirmation, that Gold and Silver will attempt to move higher and attempt to move into the Phase #3 of the Excess Phase Peak pattern (a move into a consolidation phase).
BTCUSD is current exhibiting a dual type of Excess Phase Peak pattern that suggests a broader breakdown is in the works. Possibly back down to 78-82k. This could be a very big contraction event for BTCUSD.
Buckle up.
Happy Friday.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
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