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Intro

Friday

SPY $10B day. Likely a big sell day. Usually you see a few $10B days before it starts dropping hard.

QQQ low volume. Neutral.

Macro trend looks like selling the highs.

Realtime prints unbelievably high AAPL, likely selling into strength. High volume AMZN META AMD IWM also likely selling.

Close prints high volume megacaps likely selling.

Just because the darkpools sell with impunity doesn’t mean we have to drop on Monday. It all depends on how much they have to sell. I think they have been selling META for eons, yet is stays up due to bullish retail traders and investors.

The best way to tell if we are going to drop is watching levels on indexes. When those levels are breached to the downside, it’s time to close longs.

 

Monday

SPY just sat on “2 Ton Tilly” and rested today.

SPY PRINTS

Lowest I’ve seen in a long time.