SPY/QQQ Plan Your Trade 7-25 : Temp-Bottom Update
Good afternoon everyone,
Today's Temp-Bottom pattern played out perfectly after what I'm calling the Kamala-Shakeout on 7/24.
The SPY price is struggling to find support near the 2x StdDev lower channel and appears to have bounced higher into a new short/intermediate-term Bullish price trend.
If you've been following my research, you already know how powerful and accurate my SPY Cycle Patterns are and how they do not take into account news, politics, or other outside crisis events. They are psychologically reflective of Fibonacci/Gann price cycles/structures—nothing else.
I believe the SPY will attempt to squeeze higher into the close today, setting up another bottom-reversal pattern tomorrow (a counter-trend Top Reversal). The Counter-trend type suggests the pattern will be inverted.
If my analysis is correct, we'll see the SPY move into a more solid Bullish price trend by tomorrow and then continue to try to break above the $560 level again.
Here we go...
Get some
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Today's Temp-Bottom pattern played out perfectly after what I'm calling the Kamala-Shakeout on 7/24.
The SPY price is struggling to find support near the 2x StdDev lower channel and appears to have bounced higher into a new short/intermediate-term Bullish price trend.
If you've been following my research, you already know how powerful and accurate my SPY Cycle Patterns are and how they do not take into account news, politics, or other outside crisis events. They are psychologically reflective of Fibonacci/Gann price cycles/structures—nothing else.
I believe the SPY will attempt to squeeze higher into the close today, setting up another bottom-reversal pattern tomorrow (a counter-trend Top Reversal). The Counter-trend type suggests the pattern will be inverted.
If my analysis is correct, we'll see the SPY move into a more solid Bullish price trend by tomorrow and then continue to try to break above the $560 level again.
Here we go...
Get some
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
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