SPY/QQQ Plan Your Trade Video for 6-24 : Flat-Down pattern

887
Today's pattern suggests the SPY/QQQ will move in a consolidated downward type of price trend.

Given the news that a ceasefire was initiated yesterday - and ENDED yesterday with Iran/Israel trading missile attacks and other conflicts, suggests the markets may react to extended FEAR today.

Gold and Silver are both moving downward. I see this as a PANIC move in metals.

When metals move into a Panic Selling phase, usually the SPY/QQQ also move into a panic selling phase.

Bitcoin bounced back above $105k. Could be very interesting to see how all these moves play out over the rest of this week.

Buckle up. Volatility is BACK.

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

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.