SPY/QQQ Plan Your Trade Feb 3, 2025 Afternoon Update

Well, it seems everyone did quite well playing my prediction of a breakdown (again) in the markets today. Last week, I continued to warn the markets were very fragile and would likely break downward aggressively.

Of course, the political drama (tariffs) helped to move the markets a bit this weekend. But, still, it was great to hear from everyone who made a healthy profit today.

GET SOME.

I also have been getting questions about the RALLY - RALLY - (counter-trend) RALLY setting up on Tuesday, Wednesday, and Thursday this week. So, I created this video to help you understand why I believe those RALLY days will be rather muted on Wednesday/Thursday and maybe a type of topping pattern on Tuesday.

I see the markets as breaking downward (breaking away from the dual Excess Phase Peak patterns), and because of that, I see the markets should attempt to move aggressively downward over the next 15+ days. I don't see any reason for the markets to mount a big rally right now - unless we are talking about a pullback in a downtrend.

So, watch this video, pay attention to what I see, and then we'll see how things play out.

Go GET SOME. This is a true trader's market.

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