SPY/QQQ Cycle Pattern Update - Balancing Expectations & Risks

17 lugAs part of my Plan Your Trade video series, I wanted to share some additional information on how I balance my expectations for price swings/moves with what's changing in the current market environment.

Initially, I draw my expectations based on what I see on the chart and how I interpret the SPY Cycle Patterns. From there, I watch the custom index charts I use to measure the underlying market strengths/weaknesses (behind the scenes).

Over the past 3+ days, I've been highlighting the huge moves in RSP and IYT. Traders need to understand that this strong bullish move suggests that the US market is actively relating to the end of 2024 and beyond.

However, the Exhaustion Breakdown pattern tomorrow (July 17) is very likely to represent a downward price move many traders have already positioned for. Although I expect the downward price move to stay under 2.0-2.25% from today's close, it will still be strong enough to catch some attention.

Please watch this video and pay attention to the first 10 minutes and the last 3 minutes. I want to know what all of you think of my SPY Cycle Patterns and if these videos are helping you out.

I believe the next 5+ years will be the biggest opportunity of our lives regarding how the US and global markets trend. In my attempt to help as many traders as I can, I need to hear from you. Are these videos helping you or confusing you? What could I do to improve them?

Get ready for tomorrow, and remember the next big opportunity starts on July 22 (or so).

Get Some.

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