My SPY Cycle Patterns suggest the markets will establish a PEAK/TOP today - then trend downward.
I created this video to help my followers stay aware of the short-term nature of price in a reactionary price trend - like today.
If you are chasing this rally, stay very cautious of risks related to my SPY cycle patterns. Overall, I expect the markets to peak, stall, then trend downward over the next 48 hours.
Take quick trades with targeted profit targets. This is not a friendly market uptrend in my opinion.
I believe the $408 level is a likely downside price target for the SPY by Thursday.
Follow my research
I created this video to help my followers stay aware of the short-term nature of price in a reactionary price trend - like today.
If you are chasing this rally, stay very cautious of risks related to my SPY cycle patterns. Overall, I expect the markets to peak, stall, then trend downward over the next 48 hours.
Take quick trades with targeted profit targets. This is not a friendly market uptrend in my opinion.
I believe the $408 level is a likely downside price target for the SPY by Thursday.
Follow my research
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www.youtube.com/channel/UCjjblvO7QRPKx2GcrVcoSgQ
twitter.com/BradMatheny33
www.tradetank.com
Follow me on Twitter, Youtube, TradingView, Others
www.youtube.com/channel/UCjjblvO7QRPKx2GcrVcoSgQ
twitter.com/BradMatheny33