BradMatheny

Plan Your Trade 6/24/24 - Prepare For Rolling Price Action

Short
BATS:SPY   SPDR S&P 500 ETF TRUST
This continued video series focused on my SPY Cycle Patterns teaches you how to plan for future price swings and bigger trending days.

Today, I expect the SPY to stay relatively muted in trend—possibly moving downward overall. The Up-Down-Up (countertrend) pattern suggests that the price will want to move downward today, perhaps setting up support near $541.50 to $542.50.

I don't expect anything big to happen today as today's pattern is followed by three days of an upward price trend. That upward trend is your opportunity for profits.

Tuesday, Wednesday, & Thursday look like a bigger opportunity for long trades than Monday or Friday.

Friday's CRUSH pattern suggests a fairly strong downward price trend. I would be cautious of taking long positions on Friday until possibly the last 60-120 min of the day (if we see a short squeeze setup).

Please use this information efficiently. I'm trying to show you how to use my SPY Cycle Patterns to plan your trading and find the best opportunities.

I will have more info tomorrow as I continue this video series.

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