MASSIVE Dark Pool Prints Just Dropped on $SPY and OIL MOVING — Trade setups for today!

Dave Barnhart breaks down large dark pool prints on SPY and oil, mapping out bullish and bearish price targets using moving averages, pivot levels, and ATR. He lays out specific scalping and options setups for the day.
Chapters
Good morning, traders. It's Tuesday, March 17th at 4:18 a.m. All right, I've got 2 stocks for you today. We've got SPY and we've got USO. And yesterday, massive, massive prints all over the market. SPY, 7.1 million altogether. I'll switch this over to the late prints down here at the bottom. And, uh, IWM as well. Let's look at this. Over here we filter out the late prints altogether. So 7.1 million here, 662.30, 33 trades. Now this volume belongs in the day before, from Friday, but it showed up yesterday. So we track these separately because these are hidden prints that aren't supposed to— well, it's legal, but they get away with reporting it 24 hours late, the next trading day. IWM, look at this, 6.7 million shares, $1.7 billion, $246.58. This is huge. So anyway, we're going to look at the SPY and we're going to look at USO. So these are the largest trades in the last month, and we can see here we had this consolidation here on the right-hand side, February 18th. We shot up, pulled back, retested the prints, broke below, retested again, broke below. Now we got a couple of them. March 13th, 666.26 for 3.3 million, and then on the 16th, which was yesterday, 7.1 million. And this is down here near my 200 simple moving average. The 4 and the 8 are down. This is a Definitely a bearish sort of trend with the— we're riding the 4 exponential moving average. We might get stuck in here a little bit. If this is buying, then potentially back up here to 680. If this is selling, we'll probably hold here around the 659, 657 level. We'll test this 200 simple, 200 exponential. If this breaks below, I can see us coming down to the 650 level. We'll have to go back and look left There's the 650 level, and then we'll see where else. There's 649, 640 potentially back here to this moving average. And so let's go ahead and map this out on both sides so we don't have a bias because we're trading intraday. So we want to be able to capture a rally and a retracement. Just be careful that the market's bearish, so you need to take your profits if you're going against the trend. You need to take your profit sooner than later. So we're going to be bullish above 669. Let's get above here. And why I say that is we've got our 4 and 8 exponential moving average. You want to be able to scalp like a dollar if you can, but this is super resistance. My 200 exponential, 200 simple here, that is also the this line here from the post market. This is all resistance here. So we want to be above that 669 target. 669.41 is the pivot. $669.94, $670.39, $671.69, and $675. We've got that. $672.50, $673.99, $674.36 is R2. Then we've got $675, $677.50, and $679.31, which is R3. That gives us 13 points. The, the SPY's ATR right now is $9.53. So we'll see what's going on there. On the downside, we're going to be bearish below $665. This is that 3 million share trade that I pointed out from over here. So we've got that bearish below $665. We want this to be resistance, break below, test, move over, rollover with increasing volume. That's key. Target $664.46, which is this S2, $664.07. Then we've got 662.30, which is the 7.1 million share trade. Then we've got 660, 659.51 is S3. 657.50, 655, 654.46 is S4. And then 652.50, 650, 649.61 is S5. So this one Uh, 49. Yeah, it's giving you almost— oh, a 20-point move. But the downside, you can see how easy this is with the pockets, right? All the way down this way, all these pockets here. And so if we're running the 4 and the 8 together, we're just coming up, tagging the 4, moving down, tagging the 4, moving down. No reason to get out of the trade. Taking some profit at these major levels Hitting these are quite important, right? If— because especially if you're trading options, you want to get out when the momentum is moving, because when you have a bounce, you can lose a lot of value in the options. It's a little bit different options trading, day trading, rather than the actual stock, because you don't have any value with extrinsic value leaving on a bounce. So, okay, let's go ahead and look at USO. So The energy sector has been moving, especially with wars and things like that. I'm gonna put our prints back on there. Now the one thing that goes along with USO is XLE, and XLE has like 20 million in prints on it, so you can look that one up. We've covered that one before. And so the last 30 days, you can see here almost 600,000 back here February 23rd. And you see the consolidation for a few days. So we went sideways, we pulled back increasing volume. This one opened, tested the print, and closed there. Look at no volume, and that was just a little test to see if there were any more, any more sellers, and then moved up, came, came back in the 4 and the 8, tested the 4 moving up, and this one's been riding the 4 exponential moving average Then we get into here and look at all of these prints here. This is crazy. And then tested that, broke up, more prints breaking above. So looks like they're adding to their position here on oil. And when this takes off, whoever's in this one and has millions and millions of shares, then where's, where's it going? So take profit on the way up. For that on the longer term, so we're going to be bullish for the intraday above 121. Let's have this R2, this 120.65, have support. We're testing this now. We'll see if we pull back, but 121 will probably come up tag it. This test this as the floor and then move up 122, 122.50. I've got 124, 125, and then. 125.20, 126.25, 127.50, 129.75 is our R4. So with this, same sort of thing. If this is running together, no reason to get out. Just mind your dollar levels and the $5 levels. This one's ATR is about $6. We went, we went further on that just because there's so much room to trade with that. And plus the market's heating up. Bearish below 119.50. Let's get below here. We want this, this 119.61 to be resistance. So if we come down, tag it, move down, we've got this 236K at 118.80, then 117.84 is R1. It's also my 200 simple moving average, 116.28. We've got this down here. Then that's also— I've estimated that's the— be the retracement to the 4 exponential moving average. This one's 116.82 at the moment. If we pull down here, this is going to move relatively quickly. So we've got that, and then I've got 116.10 as a retracement to the pivot, which is back here. That's my 200 exponential moving average and my 50 simple. And then you can see this in the post-market. So this here would be support as well if we were to draw a horizontal line right there. This would be support on the pullback. Okay, there you have it. Those are the 2 trade setups we have for you for today. So please like, share, subscribe, comment, do all of that great stuff. We have a weekly dark pool report at mobiticktrading.com/weekly-report. And we talk about swing trading and learn some things about the dark pools, and I give you some trade setups for the coming week, and they've been doing really well. So if you sign up, you'll get the current week and happy trading. We'll see you this afternoon with our results video. Take care. Mobitick has partnered with TrendSpider to bring real-time institutional trades to your charts. Click the link in the description below for more details.
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