SPY/QQQ Plan Your Trade 8-5 : The Shot Across The Bow.
Watch this video.
I'm going to try to keep this short and sweet.
I've gotten a lot of comments about how my SPY Cycle Patterns have NOT been working out over the past 10+ days and I want to address that.
The SPY Cycle Patterns are built on Gann & Fibonacci price structures/patterns. They reflect "Normal market psychology" and attempt to provide a guide as to what to expect within normal market rotation/trends.
Nothing has been "normal" over the past 3+ weeks.
It all started when Biden dropped out of the race for POTUS. Then, the real shot across the bow was the Bank Of Japan warning the rest of the world "hey, you may need to start aggressively defending your currencies against devaluation risks".
If you really understand what that means, you'll understand the panic process that is playing out right now.
But, I urge all of you to think about "what changed over the past 3 weeks". That is the question I keep asking myself.
What changed is uncertainty (the Kamala-Crush) and the BOJ signaling foreign markets to prepare to defend the value of your currency against the US-Dollar.
And I believe the panic-mode will subside very quickly as global asset prices drop. Falling prices mean stocks move into undervalued price territory. That also means smart traders BUY INTO this weakness for the longer-term ROI potential.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
I'm going to try to keep this short and sweet.
I've gotten a lot of comments about how my SPY Cycle Patterns have NOT been working out over the past 10+ days and I want to address that.
The SPY Cycle Patterns are built on Gann & Fibonacci price structures/patterns. They reflect "Normal market psychology" and attempt to provide a guide as to what to expect within normal market rotation/trends.
Nothing has been "normal" over the past 3+ weeks.
It all started when Biden dropped out of the race for POTUS. Then, the real shot across the bow was the Bank Of Japan warning the rest of the world "hey, you may need to start aggressively defending your currencies against devaluation risks".
If you really understand what that means, you'll understand the panic process that is playing out right now.
But, I urge all of you to think about "what changed over the past 3 weeks". That is the question I keep asking myself.
What changed is uncertainty (the Kamala-Crush) and the BOJ signaling foreign markets to prepare to defend the value of your currency against the US-Dollar.
And I believe the panic-mode will subside very quickly as global asset prices drop. Falling prices mean stocks move into undervalued price territory. That also means smart traders BUY INTO this weakness for the longer-term ROI potential.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Get More Great Research & Tools
-- Special TradingView Tools
-- Automated Trading Systems
-- Proprietary Algos/Signals
-- More..
Join Ment.Com Expert Growth Today
Visit ment.com To Get Started
-- Special TradingView Tools
-- Automated Trading Systems
-- Proprietary Algos/Signals
-- More..
Join Ment.Com Expert Growth Today
Visit ment.com To Get Started
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.