SPDR S&P 500 ETF TRUST
Panjang

SPY/QQQ Plan Your Trade For 6-16 : Up-Down-Up Pattern

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Today's Up-Down-Up Pattern suggests the markets will transition into a moderate upward trending price bar - which is quite interesting in the world we have today.

War and a big weekend of events, protests and other new items could drive market trends over the next few days.

Still, the SPY Cycle Pattern for today is an Up-Down-Up - which suggests last Thursday was an Up bar, last Friday was a Down bar, and today should be an Up bar.

The Gold/Silver pattern is a POP pattern in Counter-trend.

I believe the US markets are benefiting as a safe-haven for capital as the global turmoil drives global investors to seek safety and security for their capital.

That means as long as the world continues to spin out of control, the US markets and the US-Dollar will act as a moderate safe-haven for capital.

Gold and Silver should also benefit from this global chaos.

Bitcoin is benefiting from the strength of the US markets (and the technology sector) as well.

Let's see how this week start to play out. I'm waiting for some more news.

Could be very interesting this week.

Get some.

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