SPY/QQQ Plan Your Trade For 2-14-25 : CRUSH Pattern
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Happy Valentine's Day - everyone.
Tell the people around you how much they mean to you and how important they are to your life.
Today's SPY Cycle Pattern is a CRUSH pattern. These types of patterns are usually very large range bars that attempt to REVERT back to a mean price level - in this case - DOWNWARD.
Near the end of this video, I discuss some of my Custom Indexes and explain why the data tells me we are moving into a topping pattern for the US and global markets. Many of you watch my Plan Your Trade videos and probably think I make things up as I go.
Actually, a lot of data and research go into my decision-making. Ninety-nine percent of that data (usually in predictive modeling, Custom Indexes, and other resources) delivers a clear outcome. In this case, the result is "the markets are TOPPING."
So, even though the markets didn't cooperate with my Deep-V breakdown from Feb 10 to 13, I urge you to watch this video until the end, when I start sharing some Custom Index data/charts. Pay attention to what that data tells us.
Notably, the Smart Money Index and the Accumulation Phase Index are screaming, "The markets are TOPPING."
Gold and Silver move into a Gap-Revert-Stall-Flush pattern, again representing a reversion to the mean price level.
I believe today will be another moderately downward-trending Friday, as we've continued to see over the past three or more weeks.
Please spend a little time hitting the pause button and checking out some of my Custom Index charts. They are the data that drives much of my decision-making.