Tuesday 9/19/2023

bearish developments

Intro

Monday

SPY needs to continue to hold 443.28 for bulls. Under that, we can easily drop to the phantom print at 437/438 which also lines up with the lower darkpool levels. Continue to watch the pink high volume trade box.

QQQ needs to hold 370.72 for bulls.

I’m neutral to mildly bullish here. Keep watching levels.

Tuesday

SPY sellers started the day early and broke my 443.28 pivot. The bounce happened at an A=C fib from early September. The rally stopped short of the pivot, but SPY reached up and tapped the level a few times.

SPY PRINTS

More trades close to 443. $10B in the last 3 trading days. This level is still very important.