Mid Week Update - 2/26/25

New GME AMC charts. Market looks to put in bottom soon

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 selling is starting to slow down and we need to break above $600 and hold for good confirmation of a market bottom heading into March

2. At this point, looking to short the market is simply too late, IMO. I would much rather be looking for long entries!

3. GME broke its daily 200 MA and is now entering a consolidation phase that should pop to 29-31 and back down again to $23 and below..see CHARTS BELOW

4. A break below 590 on SPY will bring another lower leg of pain