SPY/QQQ Plan Your Trade For 1-14 : Harami/Inside Pattern
Today's pattern suggests the markets will stay somewhat flat/sideways related to building a base.
Yesterday, 1-13, my broad cycle patterns suggested the markets would establish a "base" - leading to a "peak" on 1-18 and a major top on 1-20. Because of this, I believe the markets will attempt to melt upward into a peaking pattern (with the SPY possibly reach 595-598) before stalling out ahead of the Inauguration event.
Gold and Silver may follow this trend after stalling a bit today. Overall, I believe Gold & Silver will move upward attempting to hedge against global risk factors playing out over the next 30+ days.
Bitcoin rejected the breakdown move yesterday - setting up another attempt at a THIRD sideways FLAG formation in an EPP pattern. This is very unusual - but given what the markets have been doing over the past 30 days - it is what it is.
More than likely, we'll see Bitcoin rally a bit higher (near 100k), then stall again and attempt another breakdown event.
Yesterday's new low suggests a breakdown is likely.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Yesterday, 1-13, my broad cycle patterns suggested the markets would establish a "base" - leading to a "peak" on 1-18 and a major top on 1-20. Because of this, I believe the markets will attempt to melt upward into a peaking pattern (with the SPY possibly reach 595-598) before stalling out ahead of the Inauguration event.
Gold and Silver may follow this trend after stalling a bit today. Overall, I believe Gold & Silver will move upward attempting to hedge against global risk factors playing out over the next 30+ days.
Bitcoin rejected the breakdown move yesterday - setting up another attempt at a THIRD sideways FLAG formation in an EPP pattern. This is very unusual - but given what the markets have been doing over the past 30 days - it is what it is.
More than likely, we'll see Bitcoin rally a bit higher (near 100k), then stall again and attempt another breakdown event.
Yesterday's new low suggests a breakdown is likely.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
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