Note From Rolls
I’m feeling good about the current process and writing again. Billing will start back up Friday morning. I’m guessing the retro levels will be filled in and published some time later on Friday. If you’re new, Friday would be a good time to start a free trial.
Intro
Tuesday
SPY prints at the highs overtaking prints at lows. Bearish. Watch 454.10
QQQ $1B at the highs, neutral. Watch 385.77
Macro trend flat on an up day. Neutral.
Realtime prints bullish. Normal volume.
Interesting SQQQ trade at 16.64. Probably our best clue of the day. I’m guessing this is bearish.
Close prints high volume China & MSFT.
In the next few days. I plan to get retro levels for SPY & QQQ (maybe go back a week).
Wednesday
QQQ “hugging" the print, then breach to the downside.
SPY nice little bounce of the print in the premarket, now breached to the downside.
SPY PRINTS
More trades at the highs. Same level to watch 454.10.
<For new subscribers, this is where the free content ends>
QQQ PRINTS
More trades clustering about the same level. Watch $385.77
MACRO TREND
Stock trend down on a flat SPY day, likely due to TSLA earnings.
LARGE PRINTS
Looks like selling in the megacaps today.
Great SMH level to watch at $159.88
Some interesting ETF trades in there, too.
UNUSUAL PRINTS
Wondering if someone is buying TLT.
Telecom & Banking in here today. Hmmm.
CLOSE PRINTS
More China.
High volume AAPL & GOOGL
SUMMARY
SPY under important level. Bearish. Keep watching 454.10
QQQ under important level. Bearish. Keep watching 385.77
Macro trend down on a flat day. Bearish.
Realtime look like sells. Bearish
Interesting SMH trade at 159.88. Probably our best clue of the day. I’m guessing this is bearish.
Close prints high volume MSFT & GOOGL.
You have great levels to watch here. Just because the darkpools are selling, doesn’t mean the four horsemen are riding into town. Keep watching those levels, as they will guide you.
RR oscillator. I’ll post this for a little while and see how it develops.
4hr timeframe: Up (bullish), 159
daily timeframe: Up (bullish) 315
Same commentary as yesterday. So far the RR 4hr indicator ranges between 400 and -400 under normal market conditions. Still good breadth. The market probably wants a pullback soon to reset technicals.
Rolls
SPY
QQQ
SMH
hey Royce, do you use flowtrades?