SPY/QQQ Plan Your Trade For 6-5 : Inside Breakaway

Today's SPY Cycle Pattern is an Inside Breakaway pattern - which indicates the markets want to try to break away from the sideways range I've been sharing with you.

Gold and Silver are making a very big move higher this morning - which may be indicative of some crisis or military conflict move throughout the world.

I see this move in Metals as a bit of a warning to the global markets. Metals hedge global risk levels. A rise in metals suggests traders fear some crisis event and are banking on Silver/Gold as an efficient hedge.

BTCUSD is still trading within the sideways channel as well. I see BTCUSD less as a hedge and more as a technology/Block-chain asset. No matter how you slice it, BTCUSD is not really an alternate currency, it is a Technology asset.

We could see some big moves over the next 2-5+ days because of how the markets are setting up and how Gold/Silver are reacting.

Buckle Up.

Get Some.

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