SPY/QQQ Plan Your Trade For 10-10 : Carryover in Carryover Mode

10월 10일

Today's cycle pattern suggests the SPY/QQQ price action will be very similar to yesterday's price action. I believe the markets are starting to move away from the basing/bottoming phase and moving back into trending phase.

Thus, I believe the SPY & QQQ will begin a rally up to highs reached before October 20-21, then form a top, and toll downward just before the US elections.

Gold needs to find some support and move higher - away from the 2625 price level. It is critical that Gold stay above 2620 at this stage. if Gold falls below 2620 - there is a very strong chance Gold will move into deeper consolidation and fail to rally above the 2750++ level I expect.

BTCUSD has already reached my lower support zone. I do expect Bitcoin to consolidate a bit near this lower price channel, but the next move is to either revert higher, or breakdown even further. Currently, I suggest waiting 20 to 48 hours with Bitcoin to let price settle on a new trend.

Get some.

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