$MU & $META — Trade Exact Levels Today + Dark Pool Positioning | Premarket

Good morning, traders. It's Monday, March 16th at 4:17 a.m. All right, let's get ready for the pre-market. We've got MU, Micron, and then we've got Meta, friends over at Facebook. So MU is up for whatever reason today, and Meta seems to be climbing. The market seems to be recovering a little bit, but we'll, we'll see. We'll see what happens there. We're below massive, massive prints. But anyway, let's get into this. Our normal, our normal go-to here is we look at the largest trades in the last 30 days, and we can see here on MU back February 18th, we've got prints here, and we consolidated for a bit because we had more prints here. We pulled back to the 50 simple, then we had some prints here at the bottom, and bullish engulfing here breaking above the prints. This is a great entry point, and then we've been moving up through the prints. So now we're moving up here, and not quite a higher high, a Higher high as far as here, this this point is concerned. But anyway, let's see if this can continue or pull back. So we'll map this out on both sides. So over here on the left-hand side, we have my pivots and cams, which are pre-calculated, and they are phenomenal. Just look, just look. They're pre-calculated, and it's fitting in. Open tag moving up. Tag this one pulling back. So we need to get above 443. We want this to be support. So we want to break 443. Pullback. We want this level to hold and then move up. Target $4.44, get the first little bit of profit out of there. $4.45, $4.50, $4.55, $4.53, and we've got $4.60. Then we've got $4.65, $4.70, $4.71, $4.88. I did $5 increments on this. You can mind the $2.50 levels and things like that, but the ATR on this is about $24 in a day, so it is quite volatile. I mean, it's almost a $500 stock, but for it to move $24 in a day, yeah, that's phenomenal for trading. We're going to be bearish below $439. Let's get below this level. This is the, the 4 exponential moving average here as well. Get below $439, target $438, $435.12. Then we've got $432 65 right here. It says R1. Then we've got 430.63. 429 is a 300K print. We've got that sitting there. 427.63 is a CAM, and 422.83 is the pivot. I didn't call out all of these ones here because they're so close together with the ATR. The thing tends to move quite a bit, but we got mapped it out down here to the pivot. That's the 50 simple moving average. Got another print. And then if we dip below here, We've got the 200 simple, 200 exponential, and more prints. You can see them sitting there. And then we've got the, um, the 4 exponential moving average around 424 coming back here if, if we do retrace that far. Okay, let's go ahead and look at Meta. Okay, so this one's moving up, largest prints in the last 30 days. If we look February 20th, we see this consolidation here. And lots of prints, 300K, 400K, 800K, things like that. And so this is pulled back and we just see this consolidation here, which means that the institutions are getting into their position, which you clearly can see with these millions and millions of dollars here. And so we've held this down here, this level around the $615 level. This is a 400 exponential moving average. We're coming up to test this 4 exponential moving average here on the daily, but this is already a bullish engulfing here. We have this massive volume on Friday and then this is being rejected. And if you look at the SPY and the Q's as well, it looks similar, and then they're retracing up to the 4 exponential moving average. This is bearish still at the moment because this is overhead supply. We've got the 4 and the 8 moving, separating below. So what usually happens, this, if this is a distribution pattern, then we can come back up, tag this, start moving, start moving down again on this. Because you can do this, this would be the ice. You call this the ice. Like if you're doing Wyckoff or anything like that, we've got this box, this range. So if this doesn't hold and start moving down, then We'll continue that way, or we get up through the prints. Now we get through these prints again, good probability that we might come up to the 693 level. That's another 30 points. But anyway, then sky's the limit if things are going to turn around. Let's look at the intraday. We're going to be bullish above 631, and then if you're watching this video and then we're above that, Then you see where the other targets are, and then you have to gauge your entry and stop loss however close you are to these. So because you know we're probably gonna pull back at 633.50 anyway, so 631 target 632.50, get a little bit off of the table. Then we've got the 632.46, 633.46. Then we've got 637, 10, 638, 640, 645. We're getting into all of these prints here. 650, 655, and 658. 72— 650, 672, sorry, is R3. But there, this is a fantastic pocket in here from 637 to 6. Mind the larger dollar levels, the 250s. And the $5 levels and mind these consolidation of prints that are in there. Now if you're watching this, Mobius is a great feature. You can turn this on right here which gives you live trades. So if you're watching this and block trades come in over 50,000 shares, you'll get an orange line right on your chart so you can see where they're positioning the price. Okay, on the downside we're going to be bearish below $624.50. Let's get back below this. We've got 625.40, 624.50. This is a double pivot and cam. We've got this opening candle here, so we want this to break, come back where this is resistance, roll over with increasing volume. Okay, so target 622.50, 620, 619.11, here 617.48, 615.51, 612, and 610. All the way back here to the post-market on Friday. Okay, there you have it. Those are your 2 trade setups for today. So please like, share, subscribe. Our weekly newsletter went out yesterday, so please sign up for that, bobytrading.com/weekly-report. And if you do get that, we'll send you the one already that just went out. Okay, happy trading everyone. We'll see you later this afternoon with our results video. Mobitick has partnered with TrendSpider to bring real-time institutional trades to your charts. Click the link in the description below for more details.