🚨 URGENT PRE-MARKET ALERT: SPY & QQQ Trade Setups!

Good morning, traders. It's Wednesday, December 10th at 5:09 AM. All right, lots of economic news today. The big one is the FOMC economic projections and the interest rate decision, which is at 2 o'clock. We've got a little bit of news for inflation at 8:30, and so let's go ahead and have a look. So I've mapped out the SPY and the QQQs. For today because of the volatility rather than picking individual stocks. I just wanted to point out something here. These are the late prints. These are the ones that get reported up to 24 hours late. And on the SPY, if we start looking here, November 28th, 679.81, 2 million. Now if we look at these price ranges and the print sizes, so there's 5 million, 3, 3, 2, 4, 3, 1. And you look at these values, 1 billion, 2 billion, 3 billion. 3.5 billion, things like that. So in this price range, $679.81 to $686, okay, so in this $6 move, there's 22.5 million shares there for billions and billions of dollars. So let's go ahead and look at these charts here. Here's the SPY, this first one we're going to map out. So I've got the late prints overlaid on here, and you can see here, these are the largest ones in the last month, and plus I added the current ones for the last few days. So we had this pullback to the 100 moving average with this $5.7 million. It looks like they were buying at the time, and then these prints that came back— this was a classic splash closing above the prints. We've pushed up, we've made a double top here, and so we've got this accumulation or distribution, right? Increasing volume Testing the four and the eight, we don't know. If we break below, we've got other prints and moving averages maybe down to six seventy five. If we break above and make a higher high here above this six eighty eight, you know, six ninety level, then seven hundred is pretty clear because we've got twenty two and a half million shares below us if that happens. Okay, so there's me blurbing on about that. So let's go ahead and map this out on both sides. So we're going to be bullish above today's 684. Let's get above this cam here. Target 684.51 is this, is this 4.2 million print. And then 684.75 is R1. 685, 685.84 is a cam. And then 5 cents later is a 3 million print. 686.47 is R2. And so you can see here we've got some nice pockets to trade. And then we've got 687.50, 687.26 is R3— sorry, 689.26 is R3. And then above that we've got 692.06, and then we've got 694.85. So yeah, that's not bad there. On the downside, we're going to be bearish below 6 $681.96. So let's go ahead and look at this. I went a little bit lower because look at this mess in here with prints, moving averages, and these pivots here are a little bit crazy. So I went below here, $681.96. Each of these is a potential bounce area. So $681.96, if you want to risk it earlier, please be my guest. Target $681.60 is this, uh, 3.3 million share print. 681.50, 680.88 is S2. Then we've got, uh, 679.71, 679.50 is the 15 exponential moving average over here on the daily chart. 678.08 is S3, 677.50. Move this down a little bit. We've got a nice big pocket here on the downside. Then we've got 67529 is S4, 67249 is S5. This down here, 670 and 66561, should we make it down there? Extra prints, right? We've got— if we break down here, then there's 4.5 million, 6, and 3. So just be careful here with this. Bouncing on the downside. All right, let's go check out our friends on the QQQs. Okay, similar sort of thing here on the Q's. This chart looks very similar to the SPY. Both are very tech heavy anyway. So we've got these prints here pulled back. Large buying at the bottom, moving up, and this consolidation. We've made a slightly higher high. It looks a little bit weak, but let's see, maybe it's a big fake out. But look at what we have in here: four million, one million, one point seven. These are billions of dollars here. So six twenty five sixty four was the last print here. So let's see if we can get above six thirty and close above six thirty. Then maybe we're off to the races because. We would have all this institutional interest below us. If we break below this, then we've got a little— what you call it, Wyckoff— it would be the ice here. So we close below 617, then look out, right? 608, 601. Okay, so for the Q's, we're going to be bullish above 626. Let's get above this cam here. Target 626.39, 626.95. Is R1. Then we'll go to $626— $627.73, sorry, $628.84 is R2. So we can see that these pivots are expanding a little bit. Then we're going to go to $629.95, $632.50. Look at this, this is nice. $633.71 is R3. We get above that, then we've got the $5 level at $635, and then $638.58 is Our 4, and if this continues, then 640, 640.250, 640.345, right? But that's a 20-point move on the Q's. Anyway, same thing. I always say this, if you see something like this, you see on this daily, if you have the 4 and the 8 exponential moving average running together, no reason to get out of the trade. Even on the daily, I know there's news and stuff, but if you— whatever your trading plan is, if you close below the 4 or the 8, As long as you got in at a decent spot for the longer-term trend, there's no reason to get out of this trade. So anyway, we'll see. If you see that here and you're riding the 4 and the 8 like that, then yeah, it's good to stay in. 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. And we'll see you later this afternoon with our results video. Happy trading, everyone.