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Friday
SPY trades high volume at the lows and no volume at the highs. Massive close prints, with total trades > $10B. Mixed. Most of the time >$10B SPY means selling.
QQQ large trade at the lows then about $1B borderline. Need to watch 348.28.
Macro stock trend likely selling into strength. Watch SPY high volume trade box.
Realtime prints are unreliable due to missing data. Large QQQ trades.
Close prints high volume. Drawing another high volume trade box. Usually means selling into strength.
What is next? I expected us to float up into the end of the month, but now we see inverse ETF trades on Friday. Might be a good idea to take profits on positions that are in the green and trail up stops. Levels and high volume trade box will tell us which way they are headed.
Tuesday
Anyone see this?
One note of caution in the data. Very large SQQQ trades late in the day. Inverse ETF’s typically come before a quick / sharp move down. Does not necessarily indicate a sustained move down.
SPY PRINTS
No prints at the lows. Now we watch 420
