According to @StockTrader, current short-term trades in SPY, QQQ, and SPX remain strong, but there are increasing warnings of a potential sharp market downturn. The source notes that while recent price action has supported bullish short-term trades, underlying market sentiment and macroeconomic indicators suggest heightened risk for a significant drop. Traders are advised to monitor technical support levels and trading volumes closely, as heightened volatility in major indices could impact crypto markets, particularly Bitcoin and Ethereum, through increased risk-off sentiment (source: @StockTrader).