SPY/QQQ Plan Your Trade 8-2 : Breakaway In Carryover Mode

2 Ogo

As we have all experienced over the past 6+ days - outside news events can (and often do) disrupt my SPY Cycle Patterns.

I've talked about the Kamala-Crush event (just 10+ days ago) that disrupted market trends after Biden stepped down from running for POTUS in 2024.

I've talked about how capital would shift away from risks because of the sudden shift in expectations.

I've talked about how this shifting capital would likely benefit the US market and what I call (major global economies) - where capital may rush into areas considered safer than most of the rest of the globe.

Then, we saw a bloody attack on Israeli children turn the world upside down with the threat of an Israel/Iran conflict.

We are now seeing Japan really become an issue with the BOJ attempting to manage risk factors related to their economy.

In my opinion, the past 10+ days have been a series of minor crisis events (some a bit more major than minor) that have played out to disrupt the US/Global markets with huge volatility.

We don't normally see 2.5 to 5.5% price swings - EVER. These types of price swings are MASSIVE.

We are living through a disruption that may go down in history related to a global shift in expectations.

But, at the same time, we've only seen the US markets fall 3.5% from the recent highs. Certainly not a CRASH event (yet).

Honestly, I don't expect my SPY Cycle Pattern to play out very well today. I believe these outside factors are really driving price action and I've clearly tried to highlight that in this video.

If & when the markets settle and move back into more normal types of price trending (away from outside factors driving price trend) - the SPY Cycle Patterns will likely fall back into a better predictive mode.

As I stated, the SPY Cycle Patterns are not 100% accurate all the time. The past 10-15+ days have been very unusual (to say the least). We've seen a series of events that are really unprecedented (starting with the Kamale-Crush).

Buckle up. Today could be a very interesting day if support holds. We may see the SPY attempt to rally back above $552-554 at some point.

Get some.

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