Dave Barnhart breaks down intraday trade setups for WDC and SPCX, mapping out support and resistance levels based on dark pool prints and moving averages. WDC shows $1.8B in dark pool activity with specific bullish and bearish triggers mapped below its new high.
Chapters
Good morning, traders. It's Tuesday, June 16th at 4:10 a.m. All right, two stocks for you today. SpaceX is on fire as well, and we've got Western Digital WDC. So let's go ahead and have a look. SpaceX lots of dark pool prints right out of the gate, right on the opening day. You can see that here. And then yesterday just moved right up. We got more prints, another 265k yesterday at 192.50, and now we're at 220. $12.80 at the moment. So let's go ahead and look at the intraday. We're going to be bullish above $215. So let's get above this candle here. Target $217.50, $220, $220.69 is a cam. Then we've got $220.50, $225, $227.50, $230, $233.92. So I broke this up into $2.50 increments getting us up to this R3, which is usually overbought. So we'll see if it continues. And you have the 4 and the 8 exponential moving average running together like you see this, the 4 and the 8, and you got a nice slope going up. There's no reason to get out, but you bump your head on some of these and then pull back and then continue up. On the downside, we're going to be bearish below 206. Let's get below here. We've got this big opening wick, but let's get below 206. Target 204. 288 is R1. $199.28 is a cam, $197.02, and then we've got $195, and then $192.50 is this 265K, which I already pointed out. All right, let's move on to Western Digital, WDC. Okay, Western Digital, largest trades in the last month. You can see lots of prints here. We'll start back here, May 20th. You've— we've got a print, and then a couple days later we've got another one. So we had a print here, moved up, another print riding the 4 and the 8 exponential moving average. We got a couple here at the top, about $730K. We pulled back to hammer on these prints. So what they do is they pull back to buy more, and you can notice that we closed on this print, tagged it. Next day, open, tag the print, moved up. This one crossed those prints and then we gapped up, gapped up again. So let's look at this. We are going— oh, it's already done it. We're gonna be bullish above 680, which isn't very good. Let's make this, uh, 682.50. I'm gonna mark that on my sheet. 682.50 target, 685, 688.24 is our 2, 690, 700, 703.51, 710. $712.50, $725, $730, $735.04 is R3. The ATR on this is about $40. We're already up $30 for today. So we're going to be bearish below $670. Target $660, $640, $662.11, $657.82 is a CAM, $655, $652.50, $649.24 down here. Then we've got 644.95 and 641.48— 44, sorry— is the pivot here. All right, there you have it. Those are your trade setups for today. So please like, share, subscribe, do all of that great stuff, and we'll see you tomorrow with all new trade setups. Happy trading. MobyTick has partnered with TrendSpider to bring real-time institutional trades to your charts. Click the link in the description below for more details.
