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Intro
Tuesday
SPY need to watch 414.
QQQ no volume at the lows here. Bearish.
Macro trend not as bad as SPY, could be dip buying.
Realtime prints high volume AMZN (again). We need to watch around 116.35, about $550M traded there. Very significant trade.
Sometimes, I think about only trading utilities. They don’t move very fast and give very nice signals. Let’s watch to see if anything bullish develops.
Close prints high volume AMZN MSFT
Darkpool land still looks bearish. Price relative to the high volume trade boxes is bearish today.
Another good place to watch is the 20 day moving average on ES. Priced bounced there today. How far of a bounce? Not sure. I still think they want one more good distribution higher before a larger drop.
Wednesday
SPY levels working beautifully. We opened under all the levels noted above and bounced between prints. NVDA earnings saved the world with ~25% gains after earnings.
SPY PRINTS
Trades at the lows overtaking trades at the highs. Bullish.
