SPY/QQQ Plan Your Trade For 2-7-25: Carryover Pattern

As many of you know, I'm still expecting a breakdown in the markets leading to my Deep-V pattern on the 9th and the secondary Major Bottom on the 10th.

Why haven't we started to move downward yet? I really don't know. I suspect the markets are being pushed higher by Market Makers trying to crush the shorts (premium).

Either way, we'll know how this is going to play out over the next 5+ days.

If I'm right, we'll see the SPY break downward towards 580-590 over the next 5+ days.

The QQQ should move down 510-515 throughout that same breakdown (possibly a bit lower).

I expect Gold and Silver to also move downward if this breakdown in the SPY/QQQ happens as I expect. Metals tend to move downward when the SPY/QQQ makes a sudden impulsive breakdown move.

Bitcoin also appears to be poised for a breakdown event.

It seems that all the indexes and symbols I follow in the morning video are already standing near the edge of a cliff, just waiting to jump off.

I urge traders to move into a protective mode (protecting open longs and hedging against any breakdown event) over the next 5-10+ days.

We'll eventually see another bounce/rally off some lows, but right now, everything looks ready to JUMP (off the cliff).

Get Some.

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