SPY/QQQ Plan Your Trade for 5-23 : Carryover Pattern

Looking at the charts today, I want to say that it certainly looks like the SPY Cycle Patterns are blending into a consolidated CRUSH/BOTTOM pattern (see the weekend patterns) today and possibly "carrying over" into the early trading next week.

I have been warning of a pending rollover/breakdown in this uptrend for weeks. Today's breakdown seems a bit aggressive, but it is what it is.

If the patterns are consolidating/blending into a bigger breakdown over the Memorial Day weekend, then we could be looking at a very big downward/rotational move in the SPY/QQQ/Bitcoin over the next 5+ trading days while Gold/Silver continue to rally.

Silver is lagging Gold right now, but I don't think that lasts. Once Gold gets back above $3400, I believe Silver will start to make a big move higher.

The big question in my mind is - how does this carry into Monday's holiday trading schedule and into Tuesday's OPEN?

I'll have to see how things play out today - but it certainly looks like I'll be adding some SPREADS to potentially catch any big move over this weekend.

GET SOME.

This could play out exceptionally well for skilled traders.

#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver