SPY/QQQ Plan Your Trade For Nov 1: CRUSH Pattern
Today's CRUSH pattern suggests the markets may experience a very large and violent price move - likely downward.
My experience with CRUSH patterns is they are often related to the dominant trend on the Daily chart and seeing as though we are in the midst of a fairly solid rally phase (recent higher highs on almost all charts), I believe this CRUSH pattern will resolve to the downside.
Many of you know I've been predicting a very strong pullback leading into the US elections, and yesterday, we saw what may have been the start of that pullback.
Today's CRUSH pattern could carry us into very strong market selling into the end of trading today and I believe traders should have already moved assets away from the current risks in the markets.
It seems as though almost every market I review has moved into an Excess Phase Peak pattern over the past 2-3+ days.
Today, I'm looking for Gold & Silver to attempt a breakdown away from the Phase #3 consolidation of the Excess Phase Peak pattern. BTCUSD is set up almost exactly the same - looking for a breakdown.
The SPY/QQQ are moving into that consolidation phase and looking for that breakdown in price.
It's almost as if the markets are reacting to some pending event that drives uncertainty.. THE ELECTION.
Smart traders (skilled intraday traders) should be able to pull off some really great trades throughout the day. Smart Swing traders are waiting for the base/bottom (Ultimate low) and are looking to move into CALL OPTION trades as a hedge related to a post-election rally phase.
If you missed all of this over the past few weeks, today is nothing more than a panic reaction to risks. The markets will settle after the election and will likely move back into a solid bullish price trend after Nov10th or so.
Buckle up - this could be a wild day.
Get Some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
My experience with CRUSH patterns is they are often related to the dominant trend on the Daily chart and seeing as though we are in the midst of a fairly solid rally phase (recent higher highs on almost all charts), I believe this CRUSH pattern will resolve to the downside.
Many of you know I've been predicting a very strong pullback leading into the US elections, and yesterday, we saw what may have been the start of that pullback.
Today's CRUSH pattern could carry us into very strong market selling into the end of trading today and I believe traders should have already moved assets away from the current risks in the markets.
It seems as though almost every market I review has moved into an Excess Phase Peak pattern over the past 2-3+ days.
Today, I'm looking for Gold & Silver to attempt a breakdown away from the Phase #3 consolidation of the Excess Phase Peak pattern. BTCUSD is set up almost exactly the same - looking for a breakdown.
The SPY/QQQ are moving into that consolidation phase and looking for that breakdown in price.
It's almost as if the markets are reacting to some pending event that drives uncertainty.. THE ELECTION.
Smart traders (skilled intraday traders) should be able to pull off some really great trades throughout the day. Smart Swing traders are waiting for the base/bottom (Ultimate low) and are looking to move into CALL OPTION trades as a hedge related to a post-election rally phase.
If you missed all of this over the past few weeks, today is nothing more than a panic reaction to risks. The markets will settle after the election and will likely move back into a solid bullish price trend after Nov10th or so.
Buckle up - this could be a wild day.
Get Some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
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