SPY/QQQ Plan Your Trade For 2-27: Weekday FLUSH Pattern

Today's Weekday FLUSH pattern is similar to a CRUSH pattern. It usually represents a very wide-range price bar with the potential for a big breakdown or breakaway type of price action.

Given yesterday's fairly wide price action and the NVDA earnings last night - I would not be surprised to see quite a bit of profit-taking in early trading, leading to an initial downward price trend, then moving into a basing/bottoming phase after 12-1PM ET.

In other words, a fairly large DIP/Sell-off leading to a base/bottom, then flipping bullish through the end of the day today.

Overall, I believe the SPY/QQQ will continue to try to push higher in the Excess Phase Peak pattern - reaching a peak between March 5-10 (only about 5-7+ trading days away).

Thus, we don't have a big rally ahead of us - only about 3-5+ days of a fairly strong rally over the next 5-10 trading days.

Now that the selling pressure has abated, metals should be forming a base or bottom. Get ready for an explosive move higher.

BTCUSD has broken downward and is not in the larger consolidation phase. This phase will likely continue for at least 2+ weeks before we attempt to move into the search for the Ultimate Low (likely below 75k).

Buckle up. Things are about to get very interesting.

Get some.

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