SPY/QQQ Plan Your Trade For 6-12: BaseRally In Trend Mode

Today's pattern suggests the markets may attempt to identify a base and move higher (rally) off that base level.

Given the overnight price activity, I suggest the process of identifying the base level could prompt a deeper early decline in price - possibly attempting to retest 595-597 lows before finding support and attempting to rally.

As I've been warning over the past few weeks/months, I'm still seeing the Excess Phase Peak pattern playing out as a Flag Termination - rolling into a downtrend and attempting to move back towards the $480 lows as a real possibility. I've been warning and watching for the breakdown in trend - but we've not seen it yet.

Thus, we are still BULLISH until we get a confirmation of a solid breakdown. That would be a move below the 580-585 level at this point. We need to see some type of solid breakdown in price, breaking away from the FLAG setup and moving downward, before I could confidently suggest the Flag Breakdown has happened.

Gold and Silver are making a big move higher. Gold is finally starting to move back above $3400 and I believe watching Silver, Gold, & Platinum rally suggests FEAR is elevating as we move into the end of June.

I still believe Gold has a chance to rally above $4k before the end of June. We'll see if it happens.

BTCUSD is moving into a DUAL-EPP pattern. This is very interesting. Watch the video as I highlight why this could prompt a dual-stage EPP breakdown in Bitcoin over the next 20 to 50+ days.

Get some.

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