Today's pattern suggests the markets may stall into a sideways price range.
After the news of Israel targeting Iran in a preemptive strike late yesterday afternoon, the markets moved dramatically lower while Gold & Silver moved higher on the news.
I, personally, see this market trend as a shift in thinking ahead of a long Father's Day weekend.
I see traders trying to position their accounts/trades for uncertainty.
I believe we could see a bit of a shift today - particularly in Metals and the QQQ/NASDAQ/BTCUSD.
Overall, I strongly suggest traders prepare for extreme volatility this weekend as any further news of a counter-strike or further military action in the Middle East could roil the markets.
Happy Friday the 13th - everyone.
Going to be an interesting day to say the least.
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
After the news of Israel targeting Iran in a preemptive strike late yesterday afternoon, the markets moved dramatically lower while Gold & Silver moved higher on the news.
I, personally, see this market trend as a shift in thinking ahead of a long Father's Day weekend.
I see traders trying to position their accounts/trades for uncertainty.
I believe we could see a bit of a shift today - particularly in Metals and the QQQ/NASDAQ/BTCUSD.
Overall, I strongly suggest traders prepare for extreme volatility this weekend as any further news of a counter-strike or further military action in the Middle East could roil the markets.
Happy Friday the 13th - everyone.
Going to be an interesting day to say the least.
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
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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.