SPY/QQQ Plan Your Trade 7-26 Base/Support Rally Pattern

The markets are struggling to break away from the morning congestion.

I, personally, want to see the SPY move above $550-551 (filling the gap) before I'm going to consider any potential upward trend.

The past few days have been frustrating for me and my Cycle Patterns. The Kamala-Crush, as I call it, came out of nowhere and crushed the market trend.

The SPY was holding up fairly well on Monday/Tuesday this week but was crushed on Wednesday - the Day of Biden's resignation and Kamala's take-over. I see this as traders/investors actively moving capital away from risks and profits.

Now that we are nearing the end of the week, the dust will settle, and we'll move back to more normal types of trading/trending.

In the next few weeks, SPY Cycle Patterns show moderate upside trending. It should be fun.

Remember, stay focused on your objectives and learn to develop proper risk containment for your trading.

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