SPY/QQQ Plan Your Trade For 5-14 : Carryover Pattern

Today's pattern suggests the SPY/QQQ may attempt to stay somewhat elevated. The Carryover pattern is essentially a pattern saying, "expect more of the same type of trending today".

I would suggest the SPY/QQQ are somewhat extended and may pause a bit today.

I shared a chart I created back on March 23, 2025 that I found very interesting - showing a big rally in late-April/early-May. If that chart continues to be accurate - it suggests the markets may attempt a reversion move to the downside over the next 20-30+ days.

Time will tell if my predictions play out accurately or not.

Gold is moving into new BEARISH trending on the GOLD Cycle Patterns. After an extended consolidation phase in metals, this shift in the trend models was going to happen at some point.

Now, we need to see if Gold/Silver can hold above recent support or not. Even though I believe Gold/Silver are poised for another big rally, the disruptions related to the global economy and tariffs seems to have taken some of wind out of the sails of the metals rally (for now).

Bitcoin continues to lead the SPY/QQQ. Keep an eye on what BTCUSD does over the next 7-15+ days as I believe it will lead the US markets in trending (still).

Get some.

#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver