Tuesday 5/23/2023

how low can you go?

Intro

Monday

SPY low volume today. Neutral

QQQ high volume at the highs. Bearish

Macro trend flat.

Realtime prints high volume AMZN GOOGL

Close prints high volume TSLA. BITO (bitcoin) looks bullish.

Darkpool land still looks bearish. Price relative to the high volume trade boxes is bullish. ES chart looks bullish right now.

Tuesday

Some mixed signals yesterday. When signals are mixed, best course is to watch levels.

BITO gapped up, so data wasn’t all that helpful.

I said that QQQ trades were borderline and watch those. Are we over or under those trades?

I also talked about the high volume trade boxes. Are we over or under them now?

Very interesting trades on a basket of utilities.

Hmmm

SPY PRINTS

Looks like some selling up high.

And borderline trades at the lows.