Monday 9/11/2023

will the rally last?

Sep 12, 2023

∙ Paid

Intro

Friday

SPY neutral. Continue to watch 445.64.

QQQ neutral. Keep watching 371.86.

Macro trend neutral.

Realtime prints low volume. Levels from Thursday still relevant.

NVDA watch 454.48
AAPL watch 175.10

Close prints have high volume megacaps. At this point I don’t know if the prints are bullish or bearish.

Sometimes we have to wait longer than expected to see how these trades resolve. Continue to watch levels.

Monday

SPY and QQQ gapped up today and jumped to the next level. Notice also that the indexes dropped directly to my levels at the open, the levels supported price, and then the uptrend continued.

SPY PRINTS

$3.2B at closing price. We’ll have to see if they are “buying high, going higher” or selling.

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