Dave BarnhartFounder, Moby Tick Trading · Founder at Moby Tick Trading

SPY & QBTS: Trading All-Time Highs Strategy #shorts

16 Apr 2026 · 2 min

Watch on YouTube

1:34

SPY called a bottom at 632 on March 31 and has now climbed above 700. The speaker sets an intraday bullish threshold at 701.25 and maps out target levels as the market pushes toward all-time highs, questioning whether the move will be explosive or just profit-taking.

Chapters

The market's at all-time highs, and we called the bottom at 4th at 632 on the SPY. Let's go ahead and look at that. That's one of our stocks for today. We've got the SPY and we've got QBTS. But normally, going back looking at the last month, we saw this massive amount of shares here, and then we pulled back to this low, and this was really ominous. We got 7 million on March 31st, 632, and you see we didn't trade there. That was in here, and we had a massive rejection, increasing volume, breaking above, and at that point we called the bottom, looking to go up. So we were actually— had to be bearish below this or bullish above this. And then this ex— this just continued to all-time highs. And look at this, we've got increasing volume going up, and we're above 700 at the moment on the SPY. So we're gonna trade this intraday, and let's see, because pushing into all-time highs, let's see if it's explosive or people are just taking profit. So we're gonna be bullish above 700 701.25, which is right here. This initial upthrust pushed us back down, so we need some increasing volume. 701.25 target, 701.61, 702.08, 702.50, 703.28, 704.22. You can see that, uh, 706.07, 707.50, and 710.30. You can see that all the way up to there. So yeah, we're in all-time high territory there.