SPY/QQQ Plan Your Trade For 12-12: Breakaway Pattern

3 ngày trước

Today's video goes into detail related to the general SPY/QQQ trending and the continued potential for a price Anomaly Event.

It is likely that the markets continue a Santa Rally phase - attempting to push higher throughout the end of 2024 and into 2025.

I want everyone to understand that the anomaly event I keep suggesting may happen is an outlier event. It would be driven by some news, political, financial or other type of market event.

If that event does not happen, then the markets will likely continue to push higher and higher.

So, remember, the markets want to push higher into the typical Santa Rally. My Anomaly event would be a potential outlier event - driving a moderate pullback in price.

Gold and Silver should move into a moderate topping pattern today - possibly pulling downward a big. This would be a goo setup for the next rally phase higher. That rally may come tomorrow or into early next week.

Bitcoin is trapped within a consolidation range. The rally yesterday was nice to see, but right now we are seeing Bitcoin struggle below resistance. So, we still need to be cautious about rolling downward. Yet, the general trend for Bitcoin right now is upward.

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