Monday 6/12/2023

surprise post

Intro

Monday

Let’s zoom out a minute and see how the levels work on a longer term (2 hour) chart. Notice a couple of things. Look what happens if a level captures an important low twice. Looks pretty bullish on this chart. Also notice how price respects the high volume areas. Price stayed at “2 Ton Tilly” for a long time. I call that a “darkpool base.” If the boys build a big base, that means they have a lot to sell. If they buy $100B at the lows, they need to sell $100B at the highs. Have they done that yet? I don’t think so.

If you don’t zoom out from time to time, the boys can move SPY up 30 points and you might miss it.

SPY PRINTS

Equal prints at the highs and lows. Neutral.