SPY/QQQ Plan Your Trade 8-16 : Gold Rips - Stocks Stall
This video highlights why I believe today's Inside Breakaway may come with some surprises.
As Gold rips higher (check out my recent Gold videos) and the SPY really broke higher yesterday with a huge upward GAP and rally, I believe the SPY will stall a bit today and attempt to move higher near the end of the trading day today.
I don't believe the markets go straight up or straight down.
This big Deep-V recovery has run into resistance and I believe an inverted Head-n-Shoulders is likely to setup.
You'll see what I'm talking about in today's video.
What this means for SPY traders is to stay cautious today. Short - Quick trades will be the key to success.
Don't get married to any bigger, longer-term swings in price today.
It is all about getting in and out quickly and efficiently.
Gold, on the other hand, could rally to $2620 or higher over the next 5+ trading days.
Watch the US Dollar and BTCUSD as the Hedge Trade appears to be very active right now.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
As Gold rips higher (check out my recent Gold videos) and the SPY really broke higher yesterday with a huge upward GAP and rally, I believe the SPY will stall a bit today and attempt to move higher near the end of the trading day today.
I don't believe the markets go straight up or straight down.
This big Deep-V recovery has run into resistance and I believe an inverted Head-n-Shoulders is likely to setup.
You'll see what I'm talking about in today's video.
What this means for SPY traders is to stay cautious today. Short - Quick trades will be the key to success.
Don't get married to any bigger, longer-term swings in price today.
It is all about getting in and out quickly and efficiently.
Gold, on the other hand, could rally to $2620 or higher over the next 5+ trading days.
Watch the US Dollar and BTCUSD as the Hedge Trade appears to be very active right now.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
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Join Ment.Com Expert Growth Today
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-- Special TradingView Tools
-- Automated Trading Systems
-- Proprietary Algos/Signals
-- More..
Join Ment.Com Expert Growth Today
Get Some.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.