SPDR S&P 500 ETF Trust

SPY/QQQ Plan Your Trade Update For 8-12: Vortex Base Building

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This is a quick update suggesting that the upward momentum in the US markets appears to be fairly strong. But I urge my followers to stay cautious.

The markets are not "cleared for lift-off" yet. We still have numerous Fibonacci resistance levels to break, and we could see the markets move into a broad sideways FLAG formation or break downward again to establish a deeper low.

Within this video, I share what I believe is essential for the markets to move into a confirmed "lift-off" mode.

Please be patient. If we stay patient and protect capital, there will be many opportunities for big swing trades.

Get some.

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