SPY/QQQ Plan Your Trade for 5-30 : CRUSH Pattern

Today's CRUSH pattern should result in a continued downward price trend in my analysis is accurate. I have seen CRUSH pattern trend upward sometimes. So, please understand I'm reading the chart and pattern as a rolling top type of pattern leading to a CRUSH (downward) price trend today.

I highlight the potential for a FAILED CRUSH (downward) price bar - whereas a reversion back to the upside is a potential. But, I estimate that potential at only 20-25% at this time.

My analysis suggests the breakdown in price will likely continue, and we'll likely see the SPY/QQQ/Bitcoin continue to try to trend downward.

Gold and Silver are moving into a fairly solid Gap-Stall-Revert-Flush pattern that may see Gold attempt to rally back above $3400 today. Silver is currently trading very close to a STDDEV Reversion level, so Silver may not see a big move today (like Gold).

I'm hopeful we start to see a big breakaway move in Gold/Silver today and carry into next week.

My TTScanner algos generated new BUY triggers for GDX, GDXJ, and NUGT yesterday. That's a very good sign we are getting into a BUY/BULLISH mode in metals again.

I got up late today. Somehow, my alarms got turned off.

Happy Friday.

Get some.

#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver