SPY/QQQ Plan Your Trade For 1-7-25 : Counter Trend Breakaway

3 days ago

Today's pattern suggests the markets will move upward (counter-trend) in an attempt to move into the RALLY, RALLY, RALLY phase closing out this week's price action.

I suggest traders prepare for what may become a fairly explosive upward trend over the next few days - but stay fairly cautious as unexpected news may derail price trends a bit.

We are still moving into the early 2025 liquidity flood - where traders who pulled capital away from risks in late 2024 are starting to move back into the markets. We are also moving into Q4:2024 earnings data (in about a week or so). So there are still lots of opportunities for big trends.

I'm watching to see if the markets attempt to move to new All-Time Highs again - which I believe is a highly probable outcome.

If my research is correct, we are going to move into that RALLY, RALLY, RALLY phase very cleanly today and tomorrow.

Gold and Silver are moving higher again - which is great to see. Today is a RALLY day on my Gold Cycle Patterns. Could be a great opportunity for skilled traders in Metals this week.

Bitcoin has reached that DUAL FLAGGING zone. In other words, stay cautious at this point.

Volatility will likely increase for Bitcoin and I believe the most likely outcome will be to attempt to move back downward after reaching this dual flagging zone. We'll see what happens next.

Remember, we are just starting 2025, so you have lots of time to try to identify opportunities throughout the year. Your goal as a trader is to find the best opportunities to BOOK PROFITS. The more you are able to BOOK PROFITS, the more likely you are to GROW YOUR ACCOUNT.

Get some.

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