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Intro

Monday

SPY neutral.

QQQ neutral.

Macro trend flat on an up day.

Realtime prints sparse (again). No indication of megacaps selling the highs. More SMH trades at 149.30. Good clue to watch tomorrow. SMH is also sitting right on the 20 day moving average (good bull / bear pivot).

Close prints neutral.

The data doesn’t show the darkpools selling the highs. Very similar situation to Thursday & Friday.

Notice that QQQ 364 has been reclaimed. SPY hugging 442 level and QQQ hugging 366 level. Watch those tomorrow.

 

Tuesday

I’ve been talking lately about “reclaiming levels”. Notice how darkpool levels act as support and resistance. Price will often test these levels several times and climb up and down like a ladder. When price get stuck, I call that “hugging the print.” After a “hug”, watch to see which way price leaves. Many times, you will see a strong move like today.

After day like today, I typically watch for 3 things:

• Prints at the lows overtaking prints at the highs (bullish). QQQ looks like this today, and I’ll talk more in the paid section.
• “Buying the way up” (bullish). Supportive moves where the darkpools place trades in a trend where price keeps moving up.
• Selling the highs (bearish) where prints at the highs overtake prints at the lows. You will also see high volume trades at the highs where price curls over.

In the paid section, I analyze mainly megacap and index trades and try to glean market direction based on the data. Sometimes, they don’t give me much to work with. Other times, they’ll leave a nice clue like SMH yesterday.

More SMH trades at 149.30. Good clue to watch tomorrow. SMH is also sitting right on the 20 day moving average (good bull / bear pivot).

The SMH 149.30 trade was very large and out of place, and the market will often move in the same direction (just like today).

SPY PRINTS

Nice trade on 442 level. Bullish. Trades at the highs are not overtaking trades at the lows.