SPY/QQQ Plan Your Trade For 8-13 : Breakaway May Pause A Bit
This morning's video covers the SPY, QQQ, Gold, Bitcoin, IWM, and more.
I suspect today's Breakaway pattern will result in a moderate pause before the markets attempt to move higher.
I still believe the US markets are shifting (decoupling) from global markets a bit, and we are amid a mild "shakeout."
I believe the US markets must settle (establish a base) before the rally can continue.
Ultimately, what has changed over the past 90 days is nothing other than the fact that we have a new dynamic in US politics, and the BOJ has warned that the US Fed's rate decisions may put extreme pressure on foreign currencies.
Get ready for a bit of a sideways slide before the markets resume trending (I believe upward) again.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
I suspect today's Breakaway pattern will result in a moderate pause before the markets attempt to move higher.
I still believe the US markets are shifting (decoupling) from global markets a bit, and we are amid a mild "shakeout."
I believe the US markets must settle (establish a base) before the rally can continue.
Ultimately, what has changed over the past 90 days is nothing other than the fact that we have a new dynamic in US politics, and the BOJ has warned that the US Fed's rate decisions may put extreme pressure on foreign currencies.
Get ready for a bit of a sideways slide before the markets resume trending (I believe upward) again.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
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