SPY/QQQ Plan Your Trade For 5-13 : Rally 111 Pattern

Today's RALLY pattern suggests we will see continued upward price trending in the SPY/QQQ (and possibly BTCUSD).

I believe the continued positive news/announcements by the Trump administration is adding fuel for the current rally phase in the US markets. It is hard to ignore his tactics (like them or hate them). He is able to get things done in a way that many believe is disruptive.

Still, from what I'm hearing, the Chinese trade deal is a very broad and advantageous deal that somewhat "resets" the disparity the US has experienced for the past 20+ years with China. Overall, that is a very positive advancement in global trade.

Now, we'll have to see how the markets react to this news and is the hype is as good as the final trade deal.

Overall, the US markets are still climbing up the current FLAGGING formation (still BULLISH).

I see another Island (GAP) type of price move, which may prompt some consolidation - we'll see how things play out.

Gold and Silver are setting up double/triple bottoms across support.

BTCUSD is rallying higher within a similar FLAG formation to the SPY/QQQ.

In my mind, the markets are back to nearly where they were prior to the tariffs and early breakdown in late-February 2025. This is the "make or break" time for the markets.

Either the SPY continues higher and attempts to break above resistance - or it will start to fail over the next 5-10+ days and break downward.

Buckle up... and GET SOME.

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