SPQ/QQQ Plan Your Trade For 7/10 - Gap Up/Higher Pattern

Today's Gap Up/Higher pattern in Trend mode may provide a strong price rally attempt after yesterday's somewhat non-existent Momentum Rally pattern.

I believe the lack of price movement yesterday resulted from markets waiting for Powell's comments and not wanting to get too far ahead of themselves.

Today, I believe the markets will resume trending to support the continued bullish price move and possibly make up for some of the missing price trends from yesterday.

We'll see - one way or another.

We need to see a solid upward opening price gap today - leading to a moderate melt-upward type of trend. Today's price trend may be explosive - even though we have limited data/news.

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