SPY/QQQ Plan Your Trade for 7-19 : Bearish Exhaustion (Bullish)

19 de jul.Good morning,

Today's pattern is a Bearish Exhaustion in Trend mode.

This pattern suggests the selling pressure is abating/stalling and price may attempt to revert back up to the $560-561 level over the next few trading days.

I believe price is entering a new FLAGGING formation that will resolve sometime near July 24-25 (as my SPY Cycle Patterns have predicted for over 3+ weeks now).

I continue to receive many comments from readers, and I appreciate all the love and support you've shown me.

Now, as we move into this flagging formation, we will see how the SPY Cycle Patterns can help us scale back out allocation levels (trade sizes) while we wait for the next big trending phase to start.

Remember, the SPY/QQQ will likely continue to consolidate into a tighter FLAG type of formation over the next 3+ days before we start to see a moderate bullish price breakout near July 23-24-25.

I hope you guys are enjoying all of these videos. It has been a lot of fun creating them for you. The feedback I've received has been incredible.

Happy Friday. Get Some today.

#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold