Dark Pool trader. Multiple time frame analysis. Finding the leading stocks within the strongest sectors. Not financial advice. Determine your own risk .
Cumulative $TICK, with the exception of a few names that popped nice, we had another heavy conviction selling day with 8 of 13 sectors down. The $SPY filled the overhead gap at 766.03, now if we lose 766 that 762 gap below is in play. I'm still in cash personally.. Disregard that 758 lower gap fill i simply miss read the chart..
The $VIX bouncing off a support zone,the Cumulative $TICK high conviction selling and the $TNX pushing well above 5%. This was the trifecta of red flags keeping me in cash. I talked about each individually over the past 2 days. Stay disciplined in this market...
$SPY, shorter time frame, we COULD melt through that volume profile gap and that bottom node puts it about where the Gap fill is at 762.. An awareness ..