Intro

Wednesday

SPY trades at the highs overtaking trades at the lows. Bearish.

QQQ same as SPY. Bearish.

Macro trend bearish.

Realtime prints look like heavy selling. SQQQ does not look to have traded out which is also bearish.

Close prints neutral.

The indexes have a gap in levels when I was wasn’t writing the newsletter. If SPY 438 gives up, I’ll pull the missing levels from the database and email out a special edition tomorrow.

Thursday

New levels were published just in time. Another down day.

SPY breached the next level down, and QQQ is resting on the next level right now.

SPY PRINTS

Trades at the lows overtaking trades at the highs. Hmmm.