This is an end-of-day recap of the Flat/Down SPY Cycle Pattern - which played out perfectly.
As I warned, this type of pattern suggests the SPY will stay in a consolidated range and attempt to drift downward throughout the day. This type of pattern presents a very difficult day for day traders.
Tomorrow's POP pattern should be very exciting. I'm reading the POP pattern as a Carryover of trending.
Because of this, I'm suggesting tomorrow's POP pattern may present a strong rally trend - possibly attempting to move above $554-555 on the SPY.
If my research is accurate, tomorrow should be a great day for day traders and present some real opportunities for profits.
Hope you are all enjoying my work. Let me know what you think.
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