Intro

Monday

SPY low volume. Neutral.

QQQ has $1B trade cluster at the highs. Could be profit taking. Still more trades at the lows than highs.

Macro trend normal uptrend day.

Realtime prints very large NVDA trade watch 461.98.

Close prints have many tickers with unusual volume. Could be buying the lows.

Not many clues today. I expect some of the trades here to be short covering. What typically happens next is a retrace of some degree. Bulls will continue to want SPY 436’ish and QQQ 358 to hold any pullback. I’m starting to see a few tickers trying to set up for swing trades. Many of them still need to cook a little more.

Tuesday

SPY cruised up in the premarket, and then retraced 50% of the run up from the lows (as expected). For all the Elliott Wave folks, I draw my fibs upside down. LOL

SPY PRINTS

Not much here again today.