Thursday 10/27/2022

INTRO

Yesterday:

Day 2 of selling today. The most important prints today are the close prints. Those are the ones you don’t ever see intraday. They don’t show up in the volume until after 4pm. We don’t know the trade price either.

Today is day 3 of selling. They are selling different names today. Names that have held up longer.

I covered my thoughts of how far this will drop in a freebie this morning. The simple answer is that the indexes will drop until 1) the boys are finished selling and 2) buy targets are hit.

Will I see them buying and tell you guys? What do you think? LOL

SPY PRINTS

Yesterday:

Now look today. $6.5B and price is under that. That 384.83 is a good market pivot now.

Are they in a hurry today? Maybe.

Today more big prints at the highs. $2.6B Longs are not safe under that.

Remember that prints at the lows are often times not buys. They can be, better chance of short covers.