Wednesday 9/13/2023

wonder if we move tomorrow?

Intro

Tuesday

I’m going to change the writeup tonight. The indexes have been stuck in a range for 5 trading days. Tomorrow is CPI day, and likely a market moving event.

Zooming out, all the large index trades in the last 5 days are borderline.

The large megacap trades look similar. Some may say that NVDA is telling, but NVDA can move 2.5% fairly quickly.

We have large realtime trades on several megacaps today.

We have large trades on indexes for the past couple of days.

I don’t have a good way to glean the direction of any of these trades. When this happens, I sit back and wait for the levels to resolve one way or another.

Wednesday

Day 6 in a trendless range. CPI was a dud. SPY closed 0.12% higher today.

In the summary, I’ll post the same data as last night. We’ll zoom out and look at the large trades in this 6 day range, and see if those trades look directional.

SPY PRINTS

More SPY 446, but not enough to be helpful.