SPY/QQQ Plan Your Trade For 10-25: Rally111 Pattern

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Happy Friday,

Today is potentially the start of a moderate rally phase in the SPY/QQQ headed toward my predicted peak level near October 30-31.

Although this week has had lots of rotation, we've seen the markets hold up pretty well. Tesla surprised with earnings recently after Boeing and other issues prompted a bit of panic selling.

My research suggests the SPY/QQQ will attempt to move a bit higher over the next 3-4 days - attempting to setup a peak just before the election. The 3-4 days prior to the election are likely to be very volatile as liquidity dries up.

Traders need to stay keenly aware of risks over the next 15+ days - even after the election day.

Whatever happens on election day, we are likely to see some moderate level of unrest and challenges related to who won. I believe the current election will be the most watched and validated election in US history. Everyone is watching for errors and shenanigans this time.

As traders, our #1 job is to protect capital. That is why I suggested traders more to 80-85% CASH over the past 2+ weeks.

There is no reason to be engaged in this market at full allocation levels when I expect the markets to become extremely volatile (and potentially prompt a flash-crash type of event).

Remember, lack of liquidity means extreme price volatility.

Gold and Silver are moving into another rally phase. Get ready to see Gold above $2800.

Bitcoin is still consolidating - just as I expected.

This is the time to play it smart. Trade smaller allocation levels and prepare to hedge against risk factors over the next 2-3 weeks.

Get some.

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