reduced to a weekly ,that blue line is appx 1230, they may be holding it up here for distribution,we could get a 3rd bubble but seriously...
on a 3 year weekly spx market profile ,we fill the cleavage 1237-43,happening now,any part of the cleavage is a fill, and pullback to 1205,maybe 1175
it would,,they ran it up 68 points in 2 weeks, it stalled at 39 ,40 41 ,and stayed under all day,if there are a bunch of profit taking sell stops or opening order sell stops above and they ran it there ,they would have to share all todays short covering buys,by keeping it under they can build a massive short,or reverse there longs without sharing the bulk of the volume which is lite,next week is expiration, , heavy open interest in the 124.123.122 spy calls and 121.120,119 puts,would make sense to bring it back to 1210-1220 area and collect all the premo