SPY/QQQ Plan Your Trade Update For 3-13-25 - Fear Settling InWith the US government only about 39 hours away from a complete SHUT DOWN, I want to warn everyone that metals are doing exactly what they are supposed to do - hedge risks. While the SPY/QQQ are continuing to melt downard.
I created this video to show you the Fibonacci Trigger levels on the 60 min SPY chart, which I believe are very important. Pause the video when I show you the proprietary Fibonacci price modeling system and pay attention to the fact that any upward price trend must rally above 563.85 in order to qualify as a new Bullish price trend.
That means we need to see a very solid price reversal from recent lows or an intermediate pullback (to the upside) which will set a new lower Bullish Fibonacci trigger level.
Overall, the SPY/QQQ are in a MELT DOWN mode and I expect this to last into early next week unless the US government reaches some agreement to extend funding.
This is not the time to try to load up on Longs/Calls.
The US and global markets are very likely to MELT DOWNWARD over the next 2 to 5+ days if the US government does SHUT DOWN.
FYI.
Gold and Silver may EXPLODE HIGHER.
Get some.
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