SPY/QQQ Plan Your Trade For 1-21 : GAP Breakaway Pattern

232
After a long weekend, Trump's Inauguration, dozens of Presidential EOs being signed, and the markets searching for direction while nearing my cycle top/peak date (1-20) - I suspect the markets will move into a moderate sideways/topping type of price action over the next 3-4+ days.

It makes sense to me, after watching BTCUSD attempt to rally above the 108k level and fail, that we are moving into a post-Inauguration "reality" phase for the markets.

Yes, the US markets and economy are still clicking right along. We've seen an incredible rally from the 2022 lows, and I believe the markets may stall into a sideways (megaphone) type of pattern in early 2025.

If my research is correct, the process of stabilizing the US economy around Trump's policies and plans will take about 3-4+ months to actually materialize.

Yet, at the same time, the US economy is clicking along quite well, and I expect Q1 & Q2 2025 to be well within expectations - unless something massive breaks.

So, we are moving into my TOPPING pattern area right now. I strongly suggest traders prepare for a moderate pullback in price starting possibly near 1-23 to 1-24. Until then, I believe the markets will be "seeking a top" - that means trying to rally into resistance.

BTCUSD has already reached a peak and is moving into a new EPP pattern.

Gold and Silver should attempt to hedge risks and that means metals should attempt to break away from the current FLAGGING formation.

Things are about to get very interesting.

Get some.

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

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.