SPY/QQQ Plan Your Trade For Feb 4, 2025: Rally Pattern

Today's rally pattern will attempt to provide some relief related to the recent breakdown in the SPY. Overnight, the ES/NQ rallied to FILL THE GAP. So, today, I believe the SPY will attempt to rally back above 600-601, then stall out and consolidate.

Today may be a "GO GOLFING" day in the markets.

I would not advise anyone to get Uber-Long in the markets right now. My research suggests the markets will roll downward near the end of this week - seeking the DEEP-V bottom/base I've predicted near 2-10~2-13.

Gold and Silver should attempt another rally phase over the next 3 to 4 days. I expect metals to continue to rally into this expansion phase, and I'm initially targeting $3200 for gold.

Bitcoin is trapped in a big Excess Phase Peak pattern that I believe will resolve into a breakdown price trend.

The Deep-V and other breakdown patterns, which my cycle research says are pending, will drive Bitcoin downward, possibly targeting the $72k levels again.

Today may be a relatively FLAT type of Rally day. So, play cautiously.

Get some.

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