SPY/QQQ Plan Your Trade For 10-30 : GapUp-Higher Pattern

avant-hier

Today's pattern suggests the markets will attempt to GAP higher at the open, then continue to trend upward throughout the day.

I go into great detail in this video trying to highlight the setups and constructs of price for my followers.

We are moving into a very volatile period for the markets with what I believe will be a low liquidity event taking place throughout the election. My thoughts are that liquidity will dry up later this week and early next week before the election day (we also have a Holiday on Monday).

So, if my analysis is correct, we are going to be looking for the US and global markets to clearly illustrate extreme anticipation/fear related to who the US will elect.

That should translate into extreme potential market volatility.

I urge traders to watch this video (and some of my more recent videos). Now is the time to prepare for this extreme market volatility and to learn to PULL AWAY from risks.

There is no reason to be trading like normal throughout this event. By late today or late tomorrow, you should really ask yourself "how much are you willing to risk throughout the election event and long weekend".

Get some.

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