SPY/QQQ Plan Your Trade For 12-27-24: Momentum Rally Pattern
The last Friday of the year (2024) should show up as a moderate Momentum Rally in the SPY/QQQ - possibly seeing the SPY target 603 or higher by the end of the day.
Gold and Silver are consolidating into a FLAGGING formation.
Bitcoin is trapped in a consolidation range (right shoulder) pattern that should break downward over the next 5+ days.
This is the time to position your trades for the beginning of 2025 and prepare for moderate volatility as the markets struggle for direction.
The Momentum Rally pattern, today, should present a very clean opportunity for skilled day traders.
I believe a deeper low is likely to setup between January 15 and January 25, 2025. So, be prepared for another roll to the downside after we get past the New Year.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Gold and Silver are consolidating into a FLAGGING formation.
Bitcoin is trapped in a consolidation range (right shoulder) pattern that should break downward over the next 5+ days.
This is the time to position your trades for the beginning of 2025 and prepare for moderate volatility as the markets struggle for direction.
The Momentum Rally pattern, today, should present a very clean opportunity for skilled day traders.
I believe a deeper low is likely to setup between January 15 and January 25, 2025. So, be prepared for another roll to the downside after we get past the New Year.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
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