SPY/QQQ Plan Your Trade Update Update For 4-2 : Consolidation

This quick update shows why I believe the SPY/QQQ will struggle to make any big move as long as we stay within the 382-618 "Battle Zone".

The SPY continues to rally up into this zone and stall out. If the SPY stays within this zone, I believe the markets will simply roll around in a tight range and go nowhere today.

Thus, I published this article to warn traders not to expect any big trends until we breakout - away from this Fibonacci "Battle Zone".

You can't kick the markets to make it go anywhere. And, unless you are trading very short-term swings in price - you are probably better off sitting on the sidelines waiting for a broad market trend to establish.

This is a warning. As long as we stay in the Fibonacci "Battle Zone", price will struggle to build any major trend.

So, play your trades accordingly - or just take a break from trading while you wait for the markets to roll out of the "Battle Zone".

Get some.

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