Friday Market Recap - 2/21/25

Disclaimer:

I am not a financial advisor nor do I provide any financial advice of any kind. Any information I share is for educational purposes only and should not be taken as professional financial guidance.

Below you will see summary of my SPY levels to trade if you are short on time! I highly recommend viewing the videos to hear the nuances in my trading plan!

1. SPY and the major indices got a nasty sell off today and everyone once again is calling TOP

2. This next entry can be massive R/R as we could be buying a start of a big bull wave 3, please be patient

3. Shorts can be taken here in moderation but be ready for anything

4. I believe it will become clearer by end of week where the bottom was or is. My gut is that we likely will bottom the range of 5800-5950, about a 3% range so as long as you’re smart with options you should be fine

5. GME AMC are still ok, as long as GME hold the 200 MA which is basically at the gap fill of $24.70-25

Here is the Chart Below!