SPY accumulated $34 billion in dark pool shares over four trading days ahead of the Fed decision. The presenter maps bullish targets above $7.44 and bearish targets below $7.41, with a critical $14 million liquidity cluster at $7.39-$7.40 acting as key support.
Chapters
All right, so we're going to look at late prints. We'll go back a month here and let's see what's going on. Okay, so we have the news today, we have FOMC rate decision, and let's see where the institutions are sitting. So in the last few days, so 24th, 27th, 28th, and 30th, right? So in this last several trading days, we're at 5, 9, 10, To about 18 million shares, billions and billions of dollars sitting here starting from the 24th. So we've we're moving up or above the four exponential moving average on the daily. This is all resistance at the moment. Let's see if we can push through, see what the rate decision is, and we can plan for some volatility on the upside. So if this winds up happening on the upside, then we'll look for targets at these print levels. If we don't like it, then we'll look for trade to the downside. You can see all of these wicks here on the bottom still being support. So let's map. this out intraday. We're going to be bullish above $7.44. Let's get above here at the moment. If you see something earlier on where you can get scalp your 50 cents or a dollar, something like that moving in here, that's great. Otherwise, higher high, we want this one to be support, $7.44. Target, $7.4461. $7.4557 is $4.3 million. $7.4669 is R2, and $7.4716 is a $3.7 million and a $6.2 million sitting right there. At $747.72 is the cam, and we've got $750. $750.83 is a 4.7 million ATR, and this one is about $7.44. So we've got it about 10 on that side. On the downside, we're going to be bearish below $741. See, we've got this 4.6 million here. We close below this one, target $740.25. $740.21. $740.24 actually. $39.88 is the pivot, $39.61, $38.99, $737.11, and then $736. 16 is S1. Now we got to be careful, $738.99 right here within this 50 cents here, that's this $14 million. So I expect this would be a heavy support area. If they're selling, then we'll blow through these prints to the downside. But anyway, just be very careful that there's billions of dollars here sitting back here, and it's very recent in the last several trading days.
