SPY/QQQ Plan Your Trade For 2-20 : Rotation Pattern

Sorry for my delay this morning. Everything is fine over here - just a bit hectic this morning, and I had to drive my son to his work at 530am - which interrupted my plans.

OK, so here we go.

This video helps to organize my analysis/thinking into more clearly presented data for my followers. I use the Fibonacci Price Theory as a basis for all my analysis. On top of that, I use other techniques (anchor bars, my SPY Cycle Patterns, and my custom indexes) to help identify when and where opportunities exist for the best trades.

I've been getting comments related to my labeling these videos as Bullish or Bearish which may go against the primary trend direction presented on the charts. So, now I've added a TEXT LABEL that tells you what every chart is doing on a Short, Intermediate, and Long-term basis.

This will help all of you follow my analysis/thinking going forward (I hope).

Today's Rotation Pattern suggests the markets will slide into a sideways price rotation phase.

This rotation could be a stalling pattern after the recent rally to new ATHs.

I'm still very cautious of a breakdown/pullback in trend after this move higher. As I keep saying, I don't believe the markets have sufficient momentum to continue a massive rally phase. And I really believe this new ATH level is a BULL TRAP - setting up longs to jump into this rally mode before a bigger pullback/breakdown takes place.

Gold and Silver are struggling to move higher with a fairly broad rotating range - but they are still pushing higher.

I believe Gold and Silver will make a big move higher over the next 30+ days. So, be prepared for volatility - but stick with long trades for metals as I believe Gold will rally to levels above $3100 very quickly.

Bitcoin could be shifting into a new Excess Phase Peak pattern off recent lows. The FPT trends for Bitcoin are still BEARISH, but we are starting to see a base setup that may become a new Excess Phase Peak low.

Watch this video and please comment if you have any questions.

Again, sorry for my delay this morning.

Get some..

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