SPY/QQQ Plan Your Trade For 6-11: Bottom-Base Rally Counter TrndToday's counter-trend Bottom-Base Rally pattern suggests the markets may attempt to find a peak and roll over into a downtrend.
The normal Bottom-Base Rally pattern is similar to the start of a moderate price base/bottom, then moving into a moderate rally phase.
In counter-trend mode this pattern would be inverted - forming a Top and then moving into a downward price trend.
I've been warning of the potential of a rollover top type of pattern in the SPY over the past few weeks - but it never really setup/confirmed.
I'll be curious to see if this counter-trend pattern, today, sets up some type of big top formation in the SPY/QQQ. It might be related to news as well.
Gold and Silver have a Gap-Stall-Revert-FLUSH pattern. This is always an interesting pattern because is suggests price is going to attempt to either gap and trend or stall and revert. My guess is we are looking at more trending in metals today.
Platinum is RIPPING higher (PL1!). Because of this, I believe Silver and Gold will attempt to follow Platinum and move to the upside today.
BTCUSD is stalling a bit. We'll see if we get any big price move in Bitcoin today. After the big rally over the past few days, it will be interesting to see if BTCUSD reverts downward or continues higher.
Overall, today's patterns suggest the markets are seeking direction. Get ready for an exciting day in the markets.
Get some.
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GOLD: In-Depth Technical and Fundamental AnalysisGOLD: In-Depth Technical and Fundamental Analysis
In this video, I provide a detailed explanation of why Gold may resume its bearish movement, analyzing both fundamental and technical perspectives.
You May Watch The Video For Further Details!
Thank you!
How To: Avoid paying Taxes on my Trading Gains?***Make sure to read this through. At the bottom is an email you can fire off to your CPA as well as your funded broker with the right questions to get you started***
In the video above I gave you the thought process and questions that come to me from many people weekly. I want to share with you guys a method you can use which depends fully on weather its availble by your broker or not.
The Issue: I am getting payouts from my broker but I dont want to pay taxes on it. What do i do?
The Answer: There is no way to AVOID paying taxes but There are some questions you need to ask both your Broker where you have or will have your funded account, as well as ask your CPA if you are using one, which will or will not allow you to move your "GAINS" directly into an investment account without paying an INCOME tax.
Bare in mind, the bottom line is that if its possible for you to do this, youll most likely need to set yourself up an an 'entity' like an LLC or an S-Corp.
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Can you trade through TradingView using a funded account?
Yes. Most prop firms (like Apex, My Funded Futures, etc.) allow access to TradingView via third-party routing systems like Rithmic, CQG, or Tradovate.
Can you send trading profits directly into an investment account (e.g., with Fidelity or First Fidelity Trust)?
Not directly.
Most prop firms pay out to you personally via: ACH / PayPal / Wire
The payout is treated as income, not capital gains — you’re usually issued a 1099. So short-term capital gains don’t apply here — it’s contractor income.
Can you route those funds into an investment or retirement account?
Only indirectly, if you:
Set up a legal entity (LLC/S-Corp)
Prop firm allows payouts to that entity
Entity sends funds to a brokerage or retirement account
This gives you:
Tax management options
Ability to fund SEP IRAs, Solo 401ks, or other investment vehicles
Business deductions and better income structuring
Important: Not all prop firms support this. You must ask.
What happens if you just take the payout personally?
You’ll owe taxes on the income that year. If it's a large amount and you're not using any tax strategy, this can be a big hit — and you won’t be putting that money to work in a retirement account, which could have deferred or reduced the tax burden.
Why do traders want to route funds into investment accounts?
To defer taxes
To compound gains in tax-advantaged environments
To avoid having income hit their personal checking and be immediately taxed without structure
To separate business income from personal finances.
Who should you talk to?
A CPA who understands prop firm payouts + entity structuring
The prop firm support team
Your investment account provider (e.g., Fidelity, First Fidelity Trust)
If You’re Using Your Own Capital (Not Prop Firm Capital)
When you're trading from a cash account funded with your own post-tax money (like a personal account at Tradestation, Fidelity, Interactive Brokers, etc.), you're in a completely different tax situation compared to a funded prop account.
Im trading with a CASH ACCOUNT and this money was already taxed. Why am i paying more tax?
1. You’re Right: That Money Was Already Taxed
If you earned money through a job, business, crypto sale, whatever — and then you funded your trading account with it — yes, that money has already been taxed as income, capital gains, or whatever the original source required.
But…
2. Trading Gains Are Still Taxable — Separately
Once that taxed money is used to generate more money via trading, those gains are now a new taxable event. Here's why:
The IRS doesn’t look at “double taxation” in terms of the original dollar — it taxes the gain on that dollar.
For example:
You fund your account with $10,000 (already taxed)
You trade it up to $15,000
You now owe taxes on the $5,000 gain, not the $10,000 you started with
So no, you're not being taxed twice on the same dollar — you're being taxed on new earnings generated from that dollar.
3. Type of Tax Depends on Holding Period
Day Trading / Short-Term (< 1 year):
Taxed as ordinary income, same as your paycheck (could be 10–37%)
Long-Term Gains (1+ year):
Taxed at long-term capital gains rates (typically 0%, 15%, or 20%)
This only applies if you’re not trading inside a retirement account (IRA, 401k, etc.).
So What’s the Advantage in Routing Gains Into an Investment Account?
This is where people try to get clever.They want to avoid realizing gains in their personal account because:
It may bump them into a higher tax bracket
It may trigger estimated tax payments
It might disqualify them from certain tax credits
So the idea is:
“Can I send the profits somewhere else (like an IRA, trust, or investment vehicle) so I don’t get taxed now?”
Answer: Only if the gains were made inside that tax-advantaged account to begin with.
You can't trade in a regular brokerage account and then “move” those gains into an IRA to defer tax. That’s not how tax shelters work — they only protect gains earned inside them.
Does Being Self-Funded Change the Tax Situation?
Scenario = You fund trading with post-tax dollars ---- Not taxed again on that base
Scenario = You generate gains from trading ---- Yes, new taxes on new profits
Scenario = You want to avoid immediate taxation ---- Can't defer taxes just by moving profits
Scenario = You trade inside an IRA/401k ---- Gains tax-deferred or tax-free
Scenario = You trade through a prop firm ---- Income tax, no capital gains involved
----------Here is an email to get you started. Send this to your CPA and your Funded account broker----------
Questions to Ask Your Prop Firm (If Using Funded Accounts)
Do you allow payouts to a legal entity (LLC or S-Corp)?
Can payouts be directed to an investment firm or custodian?
Can the account be held in my entity’s name?
Do you issue 1099s for entity payouts, or only for individuals?
Are there limits or fees for routing payouts to a business or trust account?
BTCUSD Analysis Today: Technical and On-Chain !In this video, I will share my BTCUSD analysis by providing my complete technical and on-chain insights, so you can watch it to improve your crypto trading skillset. The video is structured in 4 parts, first I will be performing my complete technical analysis, then I will be moving to the on-chain data analysis, then I will be moving to the liquidation maps analysis and lastly, I will be putting together these 3 different types of analysis.
GME COLLAPSE - NET SELLOFF - MARKET ANALYSISGameStop (GME) is dropping in after-hours trading following its $1.3 billion convertible senior notes offering, which investors see as potential dilution. Similarly, Cloudflare (NET) is also falling due to concerns over its $1.75 billion convertible debt offering, which could impact shareholder value.
On the flip side, Oracle (ORCL) surged after reporting strong Q4 earnings, with cloud infrastructure revenue expected to grow over 70% in fiscal 2026. This could provide a tailwind for the broader cloud sector.
The market’s pullback today was much needed, with many stocks retesting key breakout zones
How to Draw Support & Resistance In TradingViewLearn how to effectively identify, draw, and utilize support and resistance levels in TradingView with this comprehensive step-by-step tutorial. Whether you're a beginner trader or looking to refine your technical analysis skills, this video covers everything you need to know about one of the most fundamental concepts in trading.
What You'll Learn:
Understanding support and resistance: the foundation of technical analysis and price action trading
Step-by-step instructions for drawing horizontal support and resistance lines in TradingView
Creating support and resistance zones for more flexible trading approaches
Practical tips for using TradingView's drawing tools effectively
This tutorial may be helpful for day traders, swing traders, and investors using TradingView who want to improve their chart analysis skills. The techniques covered could help you make more informed entry and exit decisions by understanding where price might find support or encounter resistance.
Visit Optimus Futures to learn more about trading futures with TradingView: optimusfutures.com
Disclaimer:
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. Please trade only with risk capital. We are not responsible for any third-party links, comments, or content shared on TradingView. Any opinions, links, or messages posted by users on TradingView do not represent our views or recommendations. Please exercise your own judgment and due diligence when engaging with any external content or user commentary.
This video represents the opinion of Optimus Futures and is intended for educational purposes only. Chart interpretations are presented solely to illustrate objective technical concepts and should not be viewed as predictive of future market behavior. In our opinion, charts are analytical tools—not forecasting instruments. Market conditions are constantly evolving, and all trading decisions should be made independently, with careful consideration of individual risk tolerance and financial objectives.
GBPUSD looks ready for its next up-legGBPUSD broke above key levels, triggering a double top pattern with targets near 1.4778. In this video, we discuss risk-reward adjustments, why reducing your stop makes sense, and how to deal with sideways markets and small triangle setups. Learn why taking smaller profits can sometimes lead to better long-term results. Leave your thoughts in the comments.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
S&P500 Update: Break of Lower TrendlineIn this video, I updated the wave count for S&P500 and discussed 2 different ways of counting it but ended with a bias on a stronger wave 3 down as opposed to a wave 5 of 1 down.
The stop loss is above 6016, with 2 take profit targets:
1) 5940
2) 5923
Good luck!
Ethereum bulls are enjoying the momentAfter violating the upper side of the range, MARKETSCOM:ETHEREUM is now aiming for the 3000 zone. Will the buyers have enough steam to drag it there? Let's have a look.
CRYPTO:ETHUSD
Let us know what you think in the comments below.
Thank you.
77.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
$MGC(Gold) EW Recount. Two Possible scenarios!!! - June 11, 2025Hello fellow gamblers,
As you can see in the title, I had to do a recount of my EW analysis for gold since we did fail to break below support towards our Wave C target.
This video is a bit long because i bring 2 different scenarios that could be playing out at this time.
I hope you enjoy!
- Watching for price action behavior near the down trendline and watching for the FVG gap to hold support.
- Levels to watch: 3418.2, 3398, 3360.4, 3324
CHFJPY I Technical & Fundamental Forecast Welcome back! Let me know your thoughts in the comments!
** CHFJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Microsoft - This might be the ultimate breakout!Microsoft - NASDAQ:MSFT - will break the all time high:
(click chart above to see the in depth analysis👆🏻)
If you wonder why Microsoft has been rallying +15% this month, market structure will give you an answer. In fact, the recent bullish break and retest was totally expected, and if we take into account the recent quite strong bullish behaviour, an all time high breakout will follow soon.
Levels to watch: $450
Keep your long term vision!
Philip (BasicTrading)
USDCAD Analysis Today: Technical and Order Flow Analysis !In this video I will be sharing my USDCAD analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your forex trading skillset. The video is structured in 3 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software and then I will be putting together these two different types of analysis.
Htf Levels for gold In this video I look at the Higher term timeframe and mark what I consider to be 2 relevant levels looking forward for the month of June .
At the present we are sitting in the middle of the range but at some point we will break out or down from that range and the levels I have highlighted may be of guidance for gold traders.
In this video I use the Trend based Fib Extension, Tr pocket , vwap and standard fibs.
EURUSD Analysis Today: Technical and Order Flow Analysis !In this video I will be sharing my EURUSD analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your forex trading skillset. The video is structured in 3 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software and then I will be putting together these two different types of analysis.
Xrp - The expected rally of +50%!Xrp - CRYPTO:XRPUSD - is still clearly bullish:
(click chart above to see the in depth analysis👆🏻)
Ever since Xrp rallied more than +550% in the end of 2024, we have been witnessing a quite expected consolidation. However Xrp still remains rather bullish and can easily retest the previous all time highs again. Maybe, we will even see another parabolic triangle breakout.
Levels to watch: $3.0, $10.0
Keep your long term vision!
Philip (BasicTrading)
Broadcom - This was just the first all time high!Broadcom - NASDAQ:AVGO - just created new highs:
(click chart above to see the in depth analysis👆🏻)
Over the course of the past three months, Broadcom has been rallying an impressive +80%. However looking at market structure, all of the previous "dump and pump" was not unexpected. Following this recent bullish strength, Broadcom is likely to channel a lot higher.
Levels to watch: $250, $400
Keep your long term vision!
Philip (BasicTrading)