SPY/QQQ Plan Your Trade For 6-18 : GAP Potential Pattern

Today's GAP Potential pattern suggests the SPY/QQQ may GAP a bit higher at the open, then move into a melt-up phase, trying to identify resistance, then roll into a topping pattern and move downward.

I believe the recent "rollover" of the markets (initiating last Friday with the Israel/Iran conflict) is still dominating the markets and news related to the ongoing conflict could drive a moderate pullback in US assets.

Headed into the Juneteenth holiday (Thursday, June 19), I suggest traders prepare for the US markets to move into somewhat of a SETTLEMENT mode today - where traders don't want to hold too many open positions into Friday's trading.

Additionally, Gold and Silver could move into a very strong upward price move over the next 4-5+ days. So be prepared for metals to hedge risks when the US stock market is closed.

BTCUSD seems to be struggling into the FLAG APEX. I'm waiting to see if my FLAG count is correct and if we get the breakdown in BTCUSD as I expect.

Get some.

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