SPY/QQQ Plan Your Trade 2-5-25 Update : Rally Pattern
Right now, the markets continue to struggle to move higher. We are seeing a solid upward price trend, but I'm watching the MNQ and metals for any signs of weakness.
At this stage of the market's price action, I'm cautiously waiting for the ROLLOVER to setup.
My patterns suggest we move into a Counter-Trend Rally phase tomorrow (which would be a downward trending bar).
I believe the end of the trading day may see a very solid Long-Squeeze (trending downward) today.
And, as of right now - I'm just sitting on my trades, waiting for the Rollover to happen.
I would not suggest taking any big long trades right now unless you are prepared for the risks.
Sometimes, this is what trading is all about.
Looks like things are going to get very exciting over the next 3-5+ days.
GET SOME.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
At this stage of the market's price action, I'm cautiously waiting for the ROLLOVER to setup.
My patterns suggest we move into a Counter-Trend Rally phase tomorrow (which would be a downward trending bar).
I believe the end of the trading day may see a very solid Long-Squeeze (trending downward) today.
And, as of right now - I'm just sitting on my trades, waiting for the Rollover to happen.
I would not suggest taking any big long trades right now unless you are prepared for the risks.
Sometimes, this is what trading is all about.
Looks like things are going to get very exciting over the next 3-5+ days.
GET SOME.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
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