SPY/QQQ Plan Your Trade For 10-29 : Gap Defender Pattern

vor 3 Tagen

Today's SPY Cycle Pattern is a Gap Defender in Counter Trend mode.

Even though I forgot to show you the pattern page in this video, today's video suggests the SPY will attempt to protect and defend yesterday's opening gap price range - possibly attempting to move a bit higher as I predicted.

With Bitcoin rallying away from the consolidation range, I see this as a "move to hedge against fear". I believe Gold and Silver could make a strong move higher as this hedging moves across all fear-base hedge assets.

Additionally, both presidential candidates support renewed legislation for Bitcoin & Cryptos in the US - so either way I believe the digital currency world is ready for US involvement.

Right now, I see the markets as trying to make a "last gasp effort" at a rally into Wednesday. Then, I believe the markets will roll into a broad contraction phase setting up just before the election as liquidity vanishes from the markets.

Price volatility should be EXTREME between Nov 1 and Nov 6.

Play the next 2 weeks very smart. Otherwise, your lumps could be painful.

Get some.

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