SPY/QQQ Plan Your Trade For 5-15 : CRUSH Pattern

Today's CRUSH pattern could play out as a very big downward price move if the 578-580 level is broken. CRUSH patterns are usually very large-range price bars. Yes, they can be to the upside as well (depending on recent trending).

A CRUSH pattern is usually in the opposite direction of recent trends. Thus, I believe today's CRUSH pattern will be to the downside.

Although I believe today could be very exciting for traders, I urge all traders move with caution in the early 30min to 60min of trading today. I believe the SPY/QQQ will attempt to establish a range (early trading range), then work to break away from that range.

Traders should be very cautious of getting married into a direction/position in early trading. Let the market tell you where it wants to go.

Gold and Silver appear to have setup the Ultimate Low overnight. Now, we'll see if metals can move higher throughout the rest of this week and build a base for the next phase higher.

BTCUSD seems to have started to roll over (top), but I urge traders to stay cautious of the current upward FLAGGING trend. Until BTCUSD breaks below $96-97k, I would still consider it to be trending upward.

Going to be a busy day for me. Stay safe as I'll be on the road most of the morning.

GET SOME.

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