I've been very clear over the past few weeks that I believe the markets are poised for a rollover/topping pattern and I believe BTCUSD is showing us exactly how/when that rollover top is going to play out (June 1-June 9).
In the meantime, I believe the SPY/QQQ are entering a more volatile "early topping" formation while still in an uptrend (Bullish).
I urge traders to start watching various sectors for weakness and keeping your eyes open for any signs the market could be moving into a sideways price rotation.
I think the rollover top will be aligned with some financial event (trade/tariff/other) that will result in a broad disruption of the US/Global markets. And I believe BTCUSD will lead the move by about 4-7+ days.
Gold and Silver are starting to move higher again. That is a sure sign that traders are now more actively seeking to hedge global risks (again).
I believe this move higher in metals may continue through this week and into next week (looking for that top in the SPY/QQQ).
Follow my detailed BTCUSD video to learn why BTCUSD may continue to try to push a bit higher before topping and moving into a broad price decline.
Get some..
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
In the meantime, I believe the SPY/QQQ are entering a more volatile "early topping" formation while still in an uptrend (Bullish).
I urge traders to start watching various sectors for weakness and keeping your eyes open for any signs the market could be moving into a sideways price rotation.
I think the rollover top will be aligned with some financial event (trade/tariff/other) that will result in a broad disruption of the US/Global markets. And I believe BTCUSD will lead the move by about 4-7+ days.
Gold and Silver are starting to move higher again. That is a sure sign that traders are now more actively seeking to hedge global risks (again).
I believe this move higher in metals may continue through this week and into next week (looking for that top in the SPY/QQQ).
Follow my detailed BTCUSD video to learn why BTCUSD may continue to try to push a bit higher before topping and moving into a broad price decline.
Get some..
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
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