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.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
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.
#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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Disclaimer
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