SPY/QQQ Plan Your Trade 11-1 Update: Silver Still Leading

Please watch this video to understand why I believe the downside risks are still dominant related to price trending.

Yes, we've seen a solid recovery today, but watching Silver and RSP, it appears the Excess Phase Peak pattern is still progressing toward a breakdown new low.

I urge all traders to stay very cautious of the risks throughout today and Monday.

The markets need to climb higher quite a bit to invalidate this pattern - and I don't see that happening before Nov 5.

Buckle up.

Get some.