SPY/QQQ Plan Your Trade For 6-23 : CRUSH Pattern

Today's CRUSH pattern suggests the markets will struggle to find any support for a rally. A CRUSH pattern is usually a large breakdown type of price bar that moves aggressively against the dominant trend.

Som, today I'm expecting some fairly large price action and I believe the markets may start a breakdown move this week as we continue to get more news related to the Israel/Iran/US conflict.

This week will be a "resettling" week in my opinion. Buyers will start to actively liquidate and reposition assets as we move deeper into this conflict. When buyers turn into sellers (to get out), the markets usually react very aggressively in trend.

Metals continue to hold up without making any big moves. I believe the increased FEAR level could play out as a moderate rally for metals over the next 15-30+ days.

BTCUSD broke down very hard (more than 6%) over the past 3-4+ days. This is a big move downward for Bitcoin and could suggest US technology stocks/sectors could also collapse on fear of a "rollover top" in the US stock market.

Smart traders will hedge and pull capital away from this potential top - just like I've been suggesting for the past 2-3+ weeks.

Oddly enough, if we do get a rollover/top this week because of the Iran conflict, it plays right into my Excess Phase Peak pattern and the predictions I've been making over the past 4+ months.

No, I don't foresee events like this Israel/US/Iran conflict. I can't see into the future.

What I can do, and continue to try to deliver, is the best analysis I can offer without becoming BIASED by indicators, comments, or other inputs.

I just read the chart and will tell you what I see as the most likely outcome.

Get some..

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