SPY/QQQ Plan Your Trade For 10-15 : Gap Breakaway Pattern

vor 21 Stunden

Today's pattern suggests the SPY/QQQ will move into a Gap Breakaway type of price trend. I believe this means price will attempt to Gap higher at the open and attempt to move into a moderate rally phase throughout the day.

Remember, we are just starting to move into Q3 earnings data, which will last well into mid-November. On top of that, we have the US elections and other data (external) that may drive market trends.

Near the beginning of this video, I show you some of my ADL (Adaptive Dynamic Learning AI) predictive modeling system outcomes for various symbols on Daily charts. It is important to understand price is the ultimate indicator and we don't want to fight price. We just let price do what it wants to do and try to time the best trading opportunities on the charts.

Given what I believe it currently taking place, I suspect the SPY/QQQ will melt upward over the next 5-7+ trading days - attempting to reach a peak price level near October 24-25.

Metals appear to be in a consolidation channel (downward) and are struggling to break away from that channel. Move metals do break away from that channel - we are going to see an explosive move to the upside. I suspect that could happen later today or tomorrow.

Bitcoin is playing the Excess Phase Peak Pattern perfectly - moving into consolidation and now setting up the #4 (A or B) setup for traders. The next move is going to be explosive - either setting an ultimate high, or breaking downward and returning to recent lows.

Should be some exciting trends for all of us over the next 10+ days.

Get some.

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