SPY/QQQ Plan Your Trade For 2-26-25 : Rally In Counter Trend
Today's Rally in counter-trend mode aligns with the current breakdown as a strong possibility of a Rally (Upward) type of trend.
After yesterday's deep low and moderate recovery near the end of the day, I suspect the SPY is setting up another Excess Phase Peak base - transitioning into the upward Flagging formation.
Because of this, I suspect today's Rally pattern will result in a moderate Melt-Up type of price action in the SPY/QQQ.
It may also prompt metals to rally off yesterday's lows as the Panic selling mode ends.
BTCUSD I still seeking a new low and trying to find the consolidation phase. I believe BTCUSD could fall further before finding support.
This is going to be a very interesting ROLL of price related to the SPY/QQQ, Gold and Silver, while Bitcoin continues to try to identify lower support.
Almost like a "disconnect" is taking place.
Ultimately, I think we'll see a peak between March 5-12 in the SPY/QQQ - rolling downward into the March 21-24 Major Bottom.
Get some today.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
After yesterday's deep low and moderate recovery near the end of the day, I suspect the SPY is setting up another Excess Phase Peak base - transitioning into the upward Flagging formation.
Because of this, I suspect today's Rally pattern will result in a moderate Melt-Up type of price action in the SPY/QQQ.
It may also prompt metals to rally off yesterday's lows as the Panic selling mode ends.
BTCUSD I still seeking a new low and trying to find the consolidation phase. I believe BTCUSD could fall further before finding support.
This is going to be a very interesting ROLL of price related to the SPY/QQQ, Gold and Silver, while Bitcoin continues to try to identify lower support.
Almost like a "disconnect" is taking place.
Ultimately, I think we'll see a peak between March 5-12 in the SPY/QQQ - rolling downward into the March 21-24 Major Bottom.
Get some today.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.