BradMatheny

SPQ/QQQ Plan Your Trade For 7/10 - Gap Up/Higher Pattern

Long
BATS:SPY   SPDR S&P 500 ETF TRUST
Today's Gap Up/Higher pattern in Trend mode may provide a strong price rally attempt after yesterday's somewhat non-existent Momentum Rally pattern.

I believe the lack of price movement yesterday resulted from markets waiting for Powell's comments and not wanting to get too far ahead of themselves.

Today, I believe the markets will resume trending to support the continued bullish price move and possibly make up for some of the missing price trends from yesterday.

We'll see - one way or another.

We need to see a solid upward opening price gap today - leading to a moderate melt-upward type of trend. Today's price trend may be explosive - even though we have limited data/news.

Remember, if you like my research, content, and info, share, boost, like, and visit my website to learn more.

Get some.

Join Ment.Com Expert Growth Today
60-Day Trial, 6-Month Trial, & More.

www.ment.com
www.tradetank.com

Follow me on Youtube, TradingView, Others

The Greatest Opportunity Of Your Life Is NOW.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.