Tuesday 8/15/2023

the leak down continues

Intro

Monday

SPY not much volume today, but above base at 445. Bullish.

QQQ “buying the way up.” Bullish

Macro trend bullish.

Realtime prints have volume after opening trades. If those levels hold, bullish sign. GLD print is worth watching.

Close prints: high volume MSFT GOOG.

Everything looking bullish tonight. SPY & QQQ are both over several billion dollars of new trades. Now we watch to see if those realtime levels hold for megacaps and also watch next level at SPY 449.

Tuesday

Darkpool data looked bullish yesterday, but today started with a nasty selloff around 2am and continued throughout the day. The realtime levels I talked about yesterday failed. SPY 445 breached, and we bounced at the next level down at 442.

SPY PRINTS

More trades at an old level 442. SPY is neutral today. To get bullish, we need to see more volume at the lows.