Dave Barnhart maps day-trade setups for USO and Micron using 30 days of dark-pool prints. USO targets $117.45 to $122.68 on the upside, with support at $112.42. Micron shows a bearish trend with bullish entry zones between $370-$375 and resistance at $390.21.
Chapters
Good morning, traders. It's Thursday, March 26th at 4:19 a.m. All right, two stocks for you today. We've got USO. It looks like oil is pushing up a little bit, and we've got Micron, which is down. That's been trending down. But anyway, we'll have trades on both sides, so we don't have a bias. We'll bullish above levels and bearish below levels. So standard thing. Let's look at where the dark pool is sitting in the last 30 days here. And so. This is USO, and we can see down here 293K, and then it looks like they're adding to their position. We have some wild moves here, but then look at this, uh, that's 1.4, 2.4 million sitting here, and we've come up, hit some prints up here about 750K, pulled back, higher low testing these prints, and now we're moving back up. So let's see if we can get up here to the 121 area and then see if we can break above this high around 125. See what happens. So anyway, let's map that out for an intraday. We're going to be bullish above $116.50 right here, uh, target $117.45 is R2, $118, $118.83 is a CAM, then we've got $120, $120.98, $500K print, and then $121.42, and $122.68 is R3, which is usually overbought, so we'll see. Bearish below 114.75. Let's get below here. There's this 332K print here at 115 and a cam. So let's make sure that this is resistance. Let's break below, maybe test, start moving down. Then we've got 114.35, 113.87 back here. Then we've got 113.50. That gets us to the post-market. You can see how we were just hanging around here for a while. So 113.50, this can be support. As well, 112.91 is a cam, 112.43 and 112.42 is back to the pivot. And so we've got my 200 exponential here and the 200 simple. As this moves down, this will probably fit into this area for support as well. Okay, let's go ahead and look at MU. Okay, MU, look at this on the downside prints in the last 30 days. Here we've got from February February 27th, about 423K, but 395 to 412, quite a bit of prints in this area. The ATR on this thing is crazy, it's $26, right? So we've, we've pulled back, we got prints down here at the bottom, that's 3, uh, 326,000 back from March 6th, and then we shot up and it looks like they were taking profit here. We have this accumulation, this pulled back and closed, but there were all of these prints in here, and then that was rejected. This one opens high, tests the print, and moves lower. You can see that these are massive moves. And then now we've got more prints here, and it looks like it's throwing it down the stairs. So we'll see if we hold this one, and maybe we'll bounce off of this a little bit. We'll see. There was massive volume yesterday, and we're at the previous day's low right now, so we'll see if this holds. So mapping this out on the intraday, we're going to be bullish above $370 375. I got that up here. What we really need to do is have this as support. So if we break up, tag this, start moving up into 375, then we've got to run up 377.27. 378.87 is a CAM. 380.48 and 80, this is a double pivot and a CAM. So, and this is also the post-market high. Sitting there, and then we've got 383.70, 385.31, 386.91, and 390.21 is R1. So I've got this up here just because of the ATR, but this is this is a lot of resistance here. And then when we get up into these ones and my 200 exponential 200 simple, this will be bumping our head on this. I'm not sure how much of a retracement on the upside we'll get. It is very bearish. So When you're scalping this, make sure that you're taking profit at these levels because the overall trend here is bearish at the moment, right? So you don't want to be holding out for the long run because people will be taking profit on that. So we're going to be bearish below $370. This print right here, it's a $10 level. So same thing, break below potentially, and you want to have $370 be resistance. 365, 364.05, and then 363.26, double pivot and cam there. 360, 357.50, 355, and then 350 and 345 is S3, which is usually oversold on that for the day. All right, there you have it. Those are your 2 trade setups for today. So please like, share, subscribe, do all of that great stuff. Sign up for our weekly Darkpool Report at mobiticktrading.com/weekly-report. First name, email address, and you'll get that every Sunday morning at 7 AM Eastern. All right, happy trading everyone. We'll see you later this afternoon. Mobitick has partnered with TrendSpider to bring real-time institutional trades to your charts. Click the link in the description below for more details.
