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Intro
Tuesday
SPY only has trades around closing price. Maybe they are almost finished selling. Neutral, but watch 420.
QQQ very large trades, starting to turn red. 2 days of high volume in a row. Bearish. Watch 350.70.
Macro stock trend down on a flat day. Bearish
Realtime prints high volume many megacaps. Bearish.
Close prints high volume semi’s. Bearish.
What is next? They may just hold the market here until the end of the month. Let’s see if we hang here longer with heavy volume. We have very good SPY & QQQ levels to watch.
Wednesday
SPY 420 gave up (a little)
QQQ 350.70’ish gave up (a little)
Market is hanging here with heavy volume (just like I said yesterday). Almost always selling.
Remember today is month end and prints should be elevated. Volume is more like a quad witch day than month end, so elevated about 3x. The darkpools are breaking the scales.
SPY PRINTS
Double normal SPY trades.
