SPY/QQQ Plan Your Trade For 4-3 : GAP Breakaway Pattern

First off, thank you for all the great comments and accolades related to my calling this breakdown (nearly 60+ days ago).

Did I get lucky having these new tariffs announced, causing the markets to break downward? Probably.

Did my research suggest the markets were going to break downward anyway? YES.

Did my research predict these tariffs? NO.

My research is specifically price-based. You'll notice I don't use many indicators, other than my proprietary price pressure and momentum indicators.

The purpose of what I'm trying to teach all of you is that price is the ultimate indicator. You can use other indicators if you find them helpful. But, you should focus on the price chart and try to learn as much as you can from the price chart (without any indicators).

Why, because I believe price tells us everything we need to know and we can react to price more efficiently than getting confused by various technical indicators.

At least, that is what I've found to be true.

Today's pattern suggests more selling is likely. After the markets open, I suggest there will be a bunch of longs that will quickly be exited and shorts that will be exited (pulling profits). Thus, I believe the first 30-60 minutes of trading could be extremely volatile.

My extended research suggests the markets will continue to try to move downward (over the next 60+ days) attempting to find the Ultimate Low. But, at this point, profits are profits and we all need to BOOK THEM if we have them.

We can always reposition for the next breakdown trade when the timing is right.

Gold and Silver are moving into a PANIC selling phase. This should be expected after the big tariff news. Metals will recover over the next 3-5+ days. Get ready.

BTCUSD is really not moving on this news. Kinda odd. Where is BTCUSD as a hedge or alternate store of value? I don't see it happening in price.

What I do see is that BTCUSD is somewhat isolated from this tariff news and somewhat isolated from the global economy. It's almost as if BTCUSD exists on another planet - away from global economic factors.

Still, I believe BTCUSD will continue to consolidate, attempting to break downward over the next 30+ days.

Remember, trading is about BOOKING PROFITS and moving onto the next trade. That is what we all need to focus on today.

Get Some.

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