Friday 4/28/2023

meltup day #2

Note From Rolls

Elon has decided to throttle links to Substack from Twitter, which limits my reach in the Twitter community to almost zero on the daily updates. I’m responding in a couple of ways. My daily Twitter darkpool updates will now link to a web property I own called DarkPoolPro.com. The site will have the same exact content as the free Substack. In the IT world, we call this a “workaround”. Next, I will start posting SPY data into Substack Notes this week. Last thing is that Twitter now has the ability to start a paid service. I plan on doing something on Twitter that is more than the free content, but much less than the paid content.

Bottom line is that Free and Paid Substack subscribers will not affected in any way.

I’ll let everyone know what will be on Twitter. Some free subscribers may want to check it out. We’ll see.

Substack will continue to be where I put most of my energy.

Intro

Thursday

SPY regained several levels on a meltup day. Bullish. Watch “2 Ton Tilly” or 312

QQQ has many prints turning green and over major levels. Bullish. Volume at the highs, Watch 320.50

Macro stock trend normal uptrend.

Realtime prints high volume MSFT META likely selling into strength. BABA high volume today.

Close prints high volume megacaps. Likely selling into strength.

Why is the market going up if the darkpools are selling? Strong support here, the market can’t drop forever (sellers get tired), and they must want to sell more.

Will it drop or go up? Keep watching levels.

Friday

“2 Ton Tilly” breached to the upside. The market does not stay bearish forever. That’s why levels are more important than bias.

SPY PRINTS

Not much to work with