SPY/QQQ Plan Your Trade For 4-14 : Up-Down-Up Pattern

Today's pattern suggests the markets will move in a moderate upward price trend.

Although I don't expect anything huge today, I do believe the EPP structures/layers support this upward price move and that we'll see the SPY attempt to move back towards/above 550 over time.

The QQQ will likely follow the SPY higher over the next 5+ days.

Don't get too excited about this upward price move because it is structurally moving to setup a PEAK that will transition into a downtrend near April 22-25. This peak will create a downward price flag (a new inverted EPP) structure that will assist in developing a new sideways price structure carrying into June/July.

In other words, it looks like we are trapped between 480-585 on the SPY, and we will likely stay within that wide consolidation range for another 2-3 months.

Gold should attempt to rally this week, trying to break above $3300. I believe this is a critical level for Gold and also presents a breakaway level for Silver near $33.00

Bitcoin has moved into APEX VOLATILITY and will continue to trap BUYERS into believing BTCUSD is breaking away from the consolidation range. This is a BULL TRAP.

I believe BTCUSD will ROLL OVER within about 4-5 days - setting up a big breakdown move as the SPY/QQQ also roll downward in about 5+ days.

We still continue to see volatility and sideways price action. Still lots of opportunities for skilled traders.

Get Some..

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