SPY/QQQ Plan Your Trade Update 7/29 - Flat/Down Pattern

29 июл.

This mid-day update highlights the SPY Cycle Pattern prediction and how to trade short-price swings as price contests into a sideways channel.

The Flat/Down pattern is usually a congesting type of price pattern. Price trends are smaller and traders need to learn to adjust to taking quick profits.

These types of days are sometimes difficult for traders who are used to swinging for the fences. Days like today mean "grab profits quickly and try to eliminate risks within the first 10-20 minutes."

I highlight this method in the video showing my new MENT Pressure System setups.

Pay attention to how the SPY Cycle Patterns seem to be aligning again (after the Kamala-Crush). this is good to see, as we want the SPY/QQQ price to move back in alignment with the SPY Cycle Patterns after the recent disruption.

Looks like we may slide into a sideways price trend throughout the rest of the day.

Get some.

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