SPY/QQQ Plan Your Trade For 10-23 : Gap/Breakaway Pattern

לפני 3 ימים

Today's Pattern suggests the SPY will attempt to move higher in a potential Gap/Breakaway mode.

I read this as a potential for an opening price gap (likely higher) and trending upward throughout most of today.

I will point out that I believe the QQQ will not follow this same pattern. The expectation I drew earlier with my SPY Cycle Patterns suggests the QQQ will attempt to consolidate today - possibly moving slightly downward.

This can, and often does, happen when we get a divergence between the SPY & QQQ.

Gold & Silver appear to be moving into my expected Rally phase over the next 4+ trading days. I believe Gold and Silver will attempt to rally about 2.5% to 3.5% higher before reaching a peak near 10-29~10-30.

Bitcoin is consolidating in the Phase #4 Excess Phase peak pattern - just as I suggested. Watch for support to form near 65,600 or slightly higher. I believe this congestion phase will last until after November 2-4 - be aware.

Get some.

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