In this pre‑market video, the host provides a rapid economic calendar rundown for Tuesday, Dec 16, then dives into detailed technical analysis of the iShares Russell 2000 ETF (IWM) and the SPDR S&P 500 ETF (SPY). He highlights recent large‑block trades (“late prints”) over the past 60 days, maps those volumes onto price charts, and uses exponential moving averages (15‑EMA, 50‑EMA, 200‑EMA/SMA) to define key support and resistance zones. For IWM he outlines bullish targets above 251‑260 and bearish zones below 249‑237, citing specific price pivots and CAM (cumulative average move) levels. For SPY he similarly marks bullish thresholds above 680‑688 and bearish levels below 677‑668, again referencing large‑print volumes and moving‑average clusters. The video ends with a standard call‑to‑action encouraging likes, subscriptions, and a promise of a follow‑up results video.
Chapters
Good morning, traders. It's Tuesday, December 16th at 5:21 AM. All right, lots of economic news today. We've got 2 sets of non-farm payrolls at 8:30, one for October, one for November, some building permits, unemployment, and some housing starts. And also we've got major, major prints on the indices. So let's go ahead and have a look. These are the late prints. These are ones that can be reported up to 24 hours late, and we can see here in the last few days We've got this massive consolidation of prints here between 681.78 and 687.54. So put those on your chart here. That's 7, 13, 18, about 19 million shares here totaling 9, about $12 billion here in these last 3 days for trades. The other one is the IWM. These are massive shares for the IWM. Usually, you know, 1 to 2 million, 2 is actually large. 2 days ago we got 6 million, 5.9 actually, and yesterday we got another 3.6. So this is $2.5 billion on the IWM. So the stocks that I have for you today are both the IWM and the SPY. So let's go ahead and have a look. Here's the IWM, and these are the largest trades in the last 60 days. And we can see this pullback here. We've got some prints here at the bottom, and we've moved up, right? We've come up, we've tested prints, pulled back, tested prints, moved higher. But then on the 12th here, We've got 6 million at 257.65, and we've been pulling back here. And so yesterday we got this 3.6 million, and then these are a little, a little bit older, December 9th and 10th, uh, 1.8 and 1.9 million around 250. And we're, we're at 250.33 coming down to my 15 exponential moving average. So we'll see what happens with the news at 8:30. If they like it, hopefully if we can get above 260, then we're game on again. But this can clearly come back to these other print levels: 248, 246, 243.40. And if that fails, I'm looking at 239 and 229 down here at the bottom. So let's go ahead and map this out. IWM bullish above 251. Let's get above this mess here. Target 251.21, 251.57. 252 is a retracement to this 4 exponential moving average on the daily. Uh, 252.29 is the CAM up here, so we see we've got a little bit of space. Uh, 252.65, 253.01 is a CAM as well, and 253.12 is the pivot. So this is my 200 exponential and my 200 simple moving average. These are going to move up a little bit with the price. This will be massive resistance if we come up here and start rolling over with increasing volume, breaking below these, that's a great shorting opportunity as well. So we can have that retracement up and the move down. So $254.10 is a CAM, then we've got $254.50 is R1, and then above that, $255.88, $257.06, $260, and $261.01 is R3. Okay, on the downside We're going to be bearish below $249.75. So that's this cam here. Target $249.17, $247.98 is a cam. Then we've got $246.72 is this 1.9 million, $245.41, $245.23, $245. $245 is this 50. Simple about that. This will move a little bit as the price moves, but that's the 50 on the daily. $241.28 and $237. 34 is S5. All right, moving on. Let's go ahead and look at the SPY. So same thing, these are the late prints here, and you can see down here 6 million, 7 million, there's a 4 million here, 3 million. No, I'm just adding them to the chart as I click on them. There's a 684 for 4 million. So you can see all of this How we talked about this every time I call out the SPY, but this 5.7 million at the bottom, it was kind of the kickoff. But we've got a double top happening here, and we've got this rounding top. And I mentioned before, these are difficult to trade, right? Because it's— you've got the wicks and it's rolling over, and it's really tough to, to pick a direction on that. So we're trading this intraday, and so we can go long and short. But here's this 7.6 million at the top, and it looks like they're selling. We'll see. But if we close above this and all of these billions of dollars, then clearly they're buying. So we'll see where they're positioning themselves at the moment because we have these ones below us: 677.52, 675, and 671. So these will be support down here. My 50 simple, I think that's my 20, and then this brown one And so we've got some support here, but we'll see how that plays out. We're going to be bullish above 680.25. Let's get above this and above this 50 simple on the intraday target, 681, 681.33. Now we're getting into my peanut butter and jelly, my 200 exponential, 200 simple, so be careful of that. Like I mentioned with the IWM, this could roll over as well. We've got this large print 681.78, 6.4 million, then 681.91 is the pivot. So that's, um, it's interesting right here. Then we've got 682.52, 683.06 is a 5.2 million, then 683.51, uh, 684.31, 684.58. So up here we're getting up to R1, but we've got these prints as well. Once we break above the 680 $658,000. If we get that far, then $687,250 and $688,420 is our 2. And then we're up here at the top, the $7.6 million. That's where we would be, uh, if this moves up for the long side. On the downside, we're going to be bearish below $677,000. So if this rolls over, let's get below here, $677,000 and the dollar level, $676,000. 675.40. 675.05 is a 5.5 million. So here there's a 5.8 million. So this is really 12.3 million here, just below the 675.50. So if we come down here and we tag and break below, we hammer on this and start moving up, that is a great retracement, probably back up to this other print, right? Capture another $2. That's great for options as well if you're doing that. Then we've got 674.21, 671.65 is a 7.3 million trade, and 668.89 is S3. All right, there you have it. Those are your trade setups for today. So please like, share, subscribe, do all of that great stuff. Leave some comments in the comment section below. Let us know how you're doing, and we'll see you later this afternoon with our results video. Happy trading, everyone!
