SPY/QQQ Plan Your Trade Post Market Update : Big Squeeze Close

Today is quite a day in terms of trading volatility and volume. We've not seen a low-volume day like today in the SPY for more than a year.

It is very likely this rally near the close of trading was more of a short-squeeze and not really a momentum breakout.

We'll see how things play out tomorrow. But, I'm not budging related to my expectations of a breakdown in the markets over the next 5-10+ days.

I see this market as completely over-cooked to the upside - and it seems to be evident in the lack of buying volume playing out.

My Custom Crash index is flat and topping. My Custom Volatility Index is flat and topping. My Custom US Leading Index is actually LOWER so far this week.

One thing is certain, there is a lot of open "air" below the 598 level on the SPY.

Buckle Up.

When it breaks - it may be a BIG BREAKDOWN setting up.

Get Some.

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