SPY/QQQ Plan Your Trade For 9-6 : Blended Top/Flat-Down

9월 6일

Happy Friday.

I believe today's pattern is a blend of yesterday's Top-Resistance and today's Flat-Down pattern.

Because of this belief, I think we will see a moderate rally in early trading leading to a peak in price, then followed by a moderate flat-down type of price trend.

This week has proven to be a bit more volatile than I expected, but it has not changed my expectations much in terms of where I believe the markets are headed over the next 90+ days.

Price is dynamic and reflects not only fundamental economic expectations but also future performance expectations.

This pullback in price is somewhat healthy (closing the gap) on the SPY chart to clear the way for further upward trending.

Let's see how things play out today.

Get some.

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