SPDR S&P 500 ETF TRUST
Panjang

SPY/QQQ Plan Your Trade End Of Week Update For 7-4

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Happy 4th of July

I've been very busy with projects and new tools for traders, as well as the new book I'm working on, and thought I would deliver an End Of Week update for everyone.

In this video, I cover the past Cycle Patterns and how they played out for the SPY/QQQ, Gold/Silver, and Bitcoin, as well as add some of my own insight related to the market trends.

All of my systems are still LONG and have not changed. I still believe this market is extremely overbought, and I believe it could roll over at any moment into a pullback - but we need to wait to see if/when that may/does happen.

Gold made a big move higher this week, and I believe that move could continue throughout July.

Bitcoin made a surprising Double-Top and is not rolling downward. Could be a breakdown in the markets as BTCUSD tends to lead the QQQ/NQ by about 3-5 days.

The SPY/QQQ rallied like a rocket all week. It was absolutely incredible to see the markets rally like this. But, I'm still cautious of a sudden rollover top.

I managed to catch some nice trades with options spreads this week, and my metals positions were on fire. I'm still trading from a "hedge everything" mode as I don't trust this rally, and I'm still watching for REJECTIONS near these new highs.

Stay safe and GET SOME.

DM me if you have any questions.

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