Smart money accumulated $1.7B in GLD below price and $2.4B in CRM, signaling potential reversals. The host maps entry points, resistance levels, and target prices for both trades, examining moving averages and institutional prints to identify where buyers are loading.
Chapters
Good morning, traders. It's Monday, August 24th at 4:49 AM. All right, 2 stocks for you today. We've got GLD, so gold is on fire, and we've got CRM, which is also doing well. So let's go ahead and have a look. Largest prints in the last month. You can see gold has been on fire here, about 1.2 million back here August 3rd— or sorry, uh, July 31st. And they're just adding to their position, 650K up here. We got a consolidation of Prince Sears. So that's 1.3— this is 2.3 million in this area, and that's just adding to the position. It looks like we can definitely pull back and test these levels. This is my 4 exponential moving average and 8 exponential moving average, the short-term trend on the daily. And you can see all these are fanning out. That's the 15, I think the 20 and, um, 30 and the 50, whatever. But anyway, these ones, um, that's taking off. Look at this volume here. So that's crazy. So let's map this out on the intraday We make some money scalping. $426.50, we want to be support right here. So you want to break this, have this as support. It's Camarillo right here. $427.50 is a target. $428.03 is R2. $428.88, then we got $430, $432.50, and $433.50 is R3, which is usually overbought. On the downside is really tight. Look at this, $423.86. We got to get below here. Then there's this gap fill, $423.12. I've put that— that's right into this support level here. There's a 50 simple moving average sitting right there. $422.86 is a CAM. $422.56 and $422.36 is 3 CAMs or 3 pivots right here. 50 simple moving average, 200 simple moving average sitting right there. And so the low that I've put here was $421.70, which is the print 800K and my 200 exponential. This is a really soft landing right here, coming back to test these prints. So usually what happens, institutions, if we're still bullish, we come back and we test this and we hammer and start moving up. That's another entry point because we would have cleared all of this again and, uh, off to the races. Okay, let's move on to CRM. Okay, CRM, largest prints in the last month. This is an interesting one. There's massive prints here And it looks like they're just adding to it. We've got this trend where you pull up back to the 8 exponential, push up back to the 8, push up back to the 8, push up— oh, test some prints. But anyway, you've got this nice 4 and 8 exponential moving average, uh, trend line right here. And so we've got my 250 simple moving average here. We're kind of poking our heads on that. We tested that on Friday and Let's see what happens. This is continuing like I mentioned the trends. We'll map this out intraday. We're going to be bullish above 211. We've tested this almost. 210.98 was the high this initial thrust. We've got— we're sitting in between some moving averages and a cam, so we want this 210.91 to be support. So we'll get in at 211. 211.92 is our one. 212.66 is, is a cam. Then we've got 213.25. That's just a major level. 214.67 is R2. 215.65 is a cam, and then 217.50, 220, 221.01. We just broke this out into major levels, and R3 is usually overbought like I had mentioned. Okay, bearish below 209.75 right here. This one's going to be a little bit— is tight on the downside as well. Target 209. Right back into this mess. 208.59 is a cam, 208.32, 208.01 is a cam there. And then 207.43 is a cam, 207, 206.68. If we break through this mess, then we've got a double pivot and a cam. So within a few pennies of each other, and then this 415K print down here. This is going to be a tough one to get through being the post-market. This is the post-market time here. 200 simple, 200 exponential, 50 simple moving average, 3 pivots, and then another support there before we break through. Okay, there you have it. Those are your 2 trade setups for today. So please like, share, subscribe, do all of that great stuff. Leave some comments in the comment section below, and we will see you tomorrow with all new trade setups. Happy trading, everyone. MobyTick has partnered with TrendSpider to bring real-time institutional trades to your charts. Click the link in the description below for more details.
