SPY/QQQ Plan Your Trade For Jan 31 : GAP Potential

As we move into the end of January 2025, I'm still watching for technical failure near these higher levels. On Monday, we saw a huge breakdown in the markets just days after my Jan 21-23 Top prediction. Now, as we are moving into the Feb 9-11 DeepV base/bottom pattern - I've been expecting the markets to move into a downward trending phase - which has not happened yet.

The way I see the markets right now and how I would offer a general interpretation of the trend is "struggling to find/set a new trend".

In other words, the markets are really congested in a wide range. I believe the markets will attempt to move downward after today's opening GAP higher.

I believe the markets are going to continue to struggle to find support and trade in a downward-sloping consolidated price range until Q3/Q4:2025.

I believe the markets are reacting to earnings and continued support right now, but that will ultimately resolve as a breakdown phase over the next 60+ days - leading to the multiple BASE/BOTTOM patterns my cycle research suggests will happen.

So, I continue to explain what I see in the context of the broader cycle phases.

Gold and Silver may rally a bit today - but we have a CRUSH pattern on Monday - so try not to carry any positions over the weekend.

BTCUSD is struggling to move away from very strong consolidation. It is also setting up multiple Excess Phase Peak patterns. I believe we need to be patient as BTCUSD struggles to find a new trend. Right now, I see more downside potential than upside potential.

I would offer one warning about today. Today's opening GAP will likely prompt a breakdown in price (moving downward) as we head into next week.

I believe next week will be very volatile. Buckle up.

Get Some.

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