SPY vs QQQ Pre-Market | Key Levels & Entry Strategies Exposed

Good morning, traders. It's Monday, March 9th at 4:16 a.m. All right, the market is bleeding, so we kind of saw that coming. We've got the SPY and the QQQs today. So what I've done here is I've got the largest late prints in the last six months. So we can see here that market hasn't really been doing anything. It's been It's been sideways, rounded top, right? So it's, um, definitely down. And look at these, we've had to go back 6 months. So this is back September 18th and September 29th, $661.78 and $659.23. These are the older prints from way back here, and you can see that this is an older support level. Otherwise, down here is a support level around $650. Now in the last week, we can see this. If I go back to the last week, there's about— what's that— 5, 10, 13, 16, about 17 million here in the last week. And you can see this. So we came back up, tested that print, tried to hold it down. 4 and the 8 exponential moving average are moving down. Lots of volume on Friday. And then this one's kicking off below. So let's see if we can get down here to 657 or 650 on that. So what— yeah, what I did was I went to the 6 months to see what we had below us for prints, and we're testing on 661.78 here at the moment. And you can see we've come down and we've tagged it. We start to get a wick on the, on the daily here. So let's go ahead and map this out. When you have big moves to the downside like that, the retracements can be quite big. So in a bear market, what'll happen is you'll have violent moves down and violent moves up. So the 4 exponential moving average, 672, that's 10 points up. We can probably rally to test that and then maybe move down. We can, or come up a little bit and then move down. Let's see what actually happens today. Because we'll be ready on both sides. So some of you, if you watch this video, will see it's like, oh, why did we stop here at 661.78 right now? It's like, well, what's the low here is, uh, 661.72, and we're sitting here right on this, um, right on this print. So yeah, mapping this out, we're gonna be bullish above 666 Let's get above this here. We've got the 4 and the 8 here on the intraday, and we've got a double, double cam here, double cam and pivot. So then target $667, $668.89, $669.36, $670, $671.22. And you can see how we're getting, we're getting tighter here into the resistance. $671.65 is a $7.3 million, $671.80 and $672. 75 is the pivot, and also that's the retracement to the 4 exponential moving average. So that's here on the daily, and then up here we've got the 200 simple, 200 exponential. If we do get up to 673 or 674 around here, I would expect if we do get up this high that it might start turning around again. So we'll see how that actually plays out. We're going to be bearish below 660. Let's get this S3, which is usually oversold. This needs to be resistance, so we need to break below, test, start to move over. And, uh, 659.23 is the 7.4 million share trade. 657.56, 56.79 is the 200 simple 200 exponential exponential on the daily. These are touching here within a few pennies of each other. This is a massive support area as well. If that doesn't hold, $655, $653.70 is S4, $652.50, $650, and then $647.35. I've got that there as this S5. So the ATR on the SPY is about $9. We're already down $9.87. So yeah, ATR is $9.44. We're down $9.87 at the moment. It's already moved that pre-market. So just let's move on to the QQQs. So the Q's here, largest trades in the last 6 months, and there aren't any below us that are the largest in the last 6 months. We do have my 200 simple coming coming up and the 200 exponential. It's a little bit different. They're not touching each other. They're still above. So maybe this is a little bit stronger. I don't really think so, but, uh, we— this can come down here to about $5.80 if we break below that. And then on the upside, we could probably retrace up to the 4 exponential moving average about $5.99 on that. And because like I mentioned, with it being such a down day with some force, There you can have some wild moves to the upside as well as people are either getting stopped out or taking profit. We're going to be bullish above $592.12. Let's get above this. This needs to be support, so break, retest, moving up. $593, $593.69, $595.53, $596.72, $597.64. 598.33, 599.05. When we get up here, this is the pre-market or the post-market close right until 8 PM, and my 50 simple moving average. Then we've got 645, 601.16, and 601.36 up there. And so I marked 600. So as we're moving up here, the 600, I put that about the 4 exponential Moving average on the daily, because this will move— because they're so small, the 4, like, the 4 exponential moving average is just 4 periods, right? So this will move quicker. And so this will be about 600, maybe 601 or something like that. As these— as the price moves up, these will move as well. So you got to kind of estimate that as— let's see— as the market is moving. We're going to be bearish below 589. Let's get— this needs to be resistance here. Break, retest 589, 586.02, 585, 582.50, 580, 578.35 is S4, then we've got 575, 572.50, and 570.68 on the downside. All right, so just so you're aware, there's been massive, massive prints Across the market. So if you want to look at things like oil as well, the that's up massively. So look at like USO, XLE. Remember XLE had eight and a half million shares, and that one's starting to move. That and I know I only cover two stocks in the morning. Let's have a quick peek at XLE. If I go here for the last month. For market hours, you can see here. Well, this is 11.6 million March third. I was thinking of this one: 8.8.7 February 27th, 11.6 March third, 2.2 March third. Look at all of this: 1.7. So what we've done here, it looks like they were buying here. There's a consolidation of getting massive. Massive shares in, and energy is starting to move with the war in Iran, things like that. So this one here, when this breaks out, then energy is going up. So look at this one, USO, things like that. There's some other things for the upside. All right, there you have it. Those are your trade setups for today. So please like, share, subscribe, So don't forget to subscribe to our Dark Pool Weekly Report. That's at mobiticktrading.com/weekly-report. You get all of this information, and if you subscribe, you'll actually get the current one that came out yesterday, so Sunday. And, uh, yeah, happy trading everyone. Leave some comments in the comment section below, and we'll see you this afternoon with our results video. Happy trading. Mobitick has partnered with TrendSpider. to bring real-time institutional trades to your charts. 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