Market Update (SPY) for week ending 1/15




Background on dark pools can be found at this link.

Since Friday 1/8/2021, price is sitting under about $34.8 billion in block trades.  Typically, it's no good when you see a group of block trades then price goes under, another group of block trades then price goes under, and so on.  The boys may be distributing.  Price is nearing the daily SMA20, where traders are trained to buy.  The futures are trading today and ES bounced right there.

Pivots for the week are 375.63, 377.04, and then 379.77.  That's where most of these trades sit.  Those pivots will typically act as support and resistance.

Bonus for this week

The scanner caught several large TLT trades this week.  Price is over those prints.  That chart could indicate dip buying, too.  TLT can be used as a hedge against a market drop.  Not always, but more often than not.  TLT give you one more data point to think about.



Parting Thought

I'm thinking about making the SPY data available to everyone when I do my weekend homework.  That way you can look at last week's data and do your own analysis.  I'll do that if there's an easy way to post it.








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