ag5

This is insane but I think it wants to rip again

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
I closed out my short position after hitting my price targets, it just seemed too good to be true... and I think it is.

I noticed dark pool orders start flowing in this morning for $300.46, which makes sense considering the huge gap up. But they kept continuing... all day.

Here is what I noticed today that is cool:
  • 48 total dark pool levels today for $3.6 billion at $300.46. Today they were largely in batches of $75mill each, so I think it is a single party doing these trades.
  • On May 26, there were $4 billion in darkpool prints, also at $300.46. Also in blocks of $75mill, likely also a single party.
  • Both darkpool orders likely buys since they were higher than the price when the order went through.
  • Notice the similarities in the daily candles, both hammers.

Todays daily candle looks more complete than the one the 27th. It seems wild to me to see this, but i think it wants to head up.

The darkpool buying like this is very unusual considering the number of transactions. It makes me think someone knows something special like on May 26.

There is also something interesting going on with the EMA & MA, similar to before the end of May ramp.

It is a great setup for me, I added calls for July when the price was around $300, this is a nice risk/reward trade for me.

Let me know your thoughts, hope you have a nice weekend!

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