The analysis projects a market correction between Q1 and Q2 this year, emphasizing specific technical levels and options flow data. For the SPX on a weekly timeframe, the presenter highlights a historical trendline acting as a magnet, indicating a potential downside if the price breaks below 6880, leading towards an inferred target of 6700. Conversely, an upside break above 6980-6990 could challenge this bearish view. SPY, examined on a 4-hour timeframe, is noted to have re-entered a rising wedge pattern. A breach below 687.5 is identified as a critical bearish trigger, targeting the 683 gap fill and potentially 680. Options data corroborates this, showing significant put walls at 690 and 680, while call walls at 700 and 695 have diminished. For QQQ, the daily chart indicates a potential breakdown below the 21-day Exponential Moving Average (EMA) at 617, setting targets at 613, 610, and ultimately the 100-day EMA around 605. The presenter also draws attention to large institutional put option entries for SPY with distant expiry dates (Feb 2026, June 2026), suggesting anticipation of significant future market volatility. Fundamentally, Meta's overspending on AI is cited as a potential catalyst for a broader market correction, with observed 575 strike puts initiating when Meta was in the 640s, indicating an inferred target for Meta at 575.