SPY/QQQ Plan Your Trade For 5-1 : Bottom-104

Today's Bottom pattern suggests the markets will attempt to move downward - trying to find support.

Even though it may appear my May 2-5 Major Bottom pattern will not happen as I expect - this is a very good lesson for traders.

I'm not 100% accurate all the time. Sometimes, the markets do things that are not aligned with my research/patterns and sometimes the markets can be far more irrational than traders expect.

For example, I believe this current rally is more of a speculative rally in the SPY/QQQ/BTCUSD. There is nothing I'm seeing in the Crash Index (or TRAN) to support this upward price move other than traders attempting to "buy the dip".

Ultimately, I believe the current contraction in the global economy based on policies, tariffs and economic disruptions will continue to drive a consolidation, basing type of price trend, traders are buying into this dip and attempting to drive price upward on expectations of a growing global economy.

Time will tell how things play out - but my longer-term modeling systems are still Bearish.

I will be on the road with my father today - so I'm not going to be as available to answer questions.

Watch this video twice if you need to. It will be interesting to see how the next 5+ days in the markets play out.

As I stated, I'm not 100% accurate all the time. I do my best to try to help guide all of you through these market trends with my research and cycle patterns - but, that is not enough to guarantee 100% accuracy on any trade.

That's just how it is in the world. No one is 100% perfect at predicting market moves.

Get some.

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