Monday 10/31/2022

A little late tonight because of Halloween. We live in a big neighborhood with lots of kids and have people over for snacks. I will say that that Beskar armor is great for deflecting blaster fire, but I bet Mando gets his cape stuck in doors all the time. I got mine caught the first time I went outside.

INTRO

Friday:

2 themes. Likely heavy short covering and prints at the highs. Are the prints at the highs buys or sells? The way to tell is to draw them on your chart and see what happens next week. My gut says short covering at the lows and selling at the highs.

Monday

We did not touch any of pivots I posted on Friday. Price is under all of them. SPY blocks are interesting again today.

Today is end of month, so the prints are heavier with rebalancing, so some junk in there. I’ll try to read through the junk.

SPY PRINTS

Last 2 days $7.3B SPY at 389. That is a lot and we are under that level. Expect heavy resistance there.

Today another $3.9B came in at 386.1686 and $3.5B in close prints (darkpools).

Friday $4.3B at 379.7069 (we are over that).

Those are your pivots boys and girls. One thing to remember is that when you see a bunch of SPY in a crest, that is 99% chance of selling. They will keep bringing the market up and down until they are done.