BradMatheny

SPY/QQQ Plan Your Trade July 9 - End Of Day Followup

Long
BATS:SPY   SPDR S&P 500 ETF TRUST
Today's Momentum Rally never really showed up.

Remember, I've been warning you these SPY cycle patterns are not 100% accurate all the time. They've done a fantastic job of calling the markets correctly over the past 17+ days. But, today, the Momentum Rally never really materialized.

As you'll see in this video, I believe the momentum for a bullish price move was muted today because of the Fed comments and lack of data.

In short, the Fed comments took the momentum away, and price struggled to find any real trend.

But the momentum for a bullish price move is still there. It is inherently biased toward price. So, I believe we could see a very big (explosive) move to the upside over the next 4+ trading days.

Stay patient. This is a great example of learning to wait for the best setups.

If my analysis is correct, this current setup could be a very big winner. The bullish price bias may explode to the upside over the next four to five days.

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.