SPY/QQQ Plan Your Trade 8-20 Update : No Bozu Yet

Price needs to make a move if we are going to see a Bozu Trending bar today.

The levels I drew in the morning video were perfect (so far). We have seen the SPY do nothing most of the day and that means price is likely shifting away from trending - into Flagging.

My expectations are for price to attempt to setup a high/low range over the next 2~3 trading days, then move into a consolidated/sideways flagging formation.

This is a great time to prepare for the next big move (next week) and to try to plan your trades around this Flag/Base type of formation before the Vortex Rally sends the SPY higher.

This video covers SPY, Gold, BTCUSD.

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