Market Analysis and Trades for 2/11/25

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The weekly post and for SPY 0.00%↑ and QQQ 0.00%↑ was split into two parts, the first without a paywall, and should be reviewed prior to this. Link to Market Analysis for The Week Ahead

Be sure you have read the Trading Doggy Style Starter Kit. I will be adding to this over time, likely first focusing on example executions. Trading Doggy Style Starter Kit.

Today, including the overnight session, was almost sickeningly technical on SPY 0.00%↑

Following the gap down into YTD VWAP and just above the 6012 spot, futures rallied and simply reclaimed weekly spots, making its major rotation up nearly to Friday’s breakdown single prints once 6068-6073 was reclaimed and bid. The trap open toward 6012 did indeed provide a powerful reversal of more than 80 handles.

While we certainly saw a fair amount of passive selling (particularly on NQ) sellers made very little attempt to defend today’s gap up. That said, above 68-73 truly the only place they WOULD have defended is the single prints that sit above today’s high.

We’ll talk a bit about NVDA 0.00%↑ and QQQ 0.00%↑ below as there were some interesting characteristics.