SPY/QQQ Plan Your Trade For 2-12: Base Rally Pattern

Although I believe the Base Rally pattern is still valid, the markets have been wound tightly near recent highs and I belive this unwinding/breakdown is what I have been suggesting (the Deep-V breakdown) for more than 35+ days.

I believe the sticky inflation data (CPI) will overpower the Base Rally pattern today and we will see the SPY/QQQ move downward into the Deep-V lows - likely setting up by Friday/Monday of this week.

I'm sorry I'm not able to create a morning video. I'm taking my disabled VET father to his annual checkup this morning. He is still sleeping and I don't want to wake him up.

So, you get this content as a substitute.

Be prepared for the markets to FLUSH OUT a low and try to grab some easy profits throughout today and tomorrow as the markets struggle to find support.

Remember, the broader cycle patterns can sometimes overpower the Daily Cycle Patterns. This happens when NEWS overpowers a Daily cycle pattern construct. In this case, the CPI data is overpowering the Base Rally Daily Cycle Pattern.

Ultimately, the markets will find support and move into a brief recovery phase.

Get some.