SPY/QQQ Plan Your Trade For 2-19-25: GAP Reversal Counter-trend

Today's pattern suggests a morning GAP will lead to a price reversal in a counter-trend type of mode.

I read this as a potential that price will initially struggle to find a trend. Eventually, when it does identify a trend mode, I believe that trend will strengthen into a reversal of the current upward price trend.

Normally, Counter-trend patterns invert. So, what I would have expected as an uptrend would turn into a downtrend. But, the markets have moved into a very consolidated price channel near recent highs and volume has diminished strongly.

Because of this type of setup, I believe an aggressive breakaway or breakdown price move is pending.

Price will attempt to make a move - and when it does, it should be explosive.

My continued research, which I share with you in this video, continues to suggest price will stall out and revert downward.

We'll see how things play out over the next few days.

Gold and Silver are back near recent all-time highs. Stay cautious of a breakdown in metals associated with a breakdown in the SPY/QQQ.

BTCUSD is still struggling to make a move. As you will see, I believe the dominant trend is to the downside right now.

In short, we are standing at the edge of a cliff regarding price action. At this point, we either grow wings and soar higher or fall downward - hoping for a soft landing.

Buckle up.

Get some.

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