SPY/QQQ Plan Your Trade For 11-13 : Consolidation Pattern

Nov 13

Today's SPY Cycle Pattern is a Consolidation pattern. I believe the SPY will continue to attempt to form a "rolling top" pattern over the next few days and attempt to move into my Anomaly event over the next 15+ days.

This Anomaly event is likely to prompt a fairly strong downward trend related to the recent post-election rally.

I believe Gold and Silver MAY HAVE found the ultimate low. It sure looks like Gold and Silver are attempting to base with a near-perfect Excess Phase Peak pattern Ultimate Low setup.

Time will tell. If gold and silver fall further, the rallying of the US dollar will likely be the cause.

I'm watching BTCUSD for a toping formation as I spent quite a bit of time going over the dual Excess Phase Peak pattern in BTCUSD. This is very interesting because it aligns with Fibonacci Price Theory very cleanly.

Today, it seems traders can kind of take a break from the markets. If my analysis is correct, today will be a fairly quiet Consolidation day - where price attempts to trade in a bit of a sideways price mode - searching for the next big move.

Pay attention to the BTCUSD chart where I highlight the 13:00 to 15:00 ET Flag Apex time. It appears BTCUSD may move into a volatile price phase near this time - possibly associated with some news or event.

Get some.

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