TICK Smoking Gun - Hard Support starting Beginning March
If you are not familiar TICK is a powerful indicator showing program buying. It shows the up tick vs down tick of the entire S&P market.. Notice it fired up beginning of March and it simply did not stop!
Shortly thereafter it stopped SPY from selling any more past $240 with a hard support nailed in.
Clearly the market will try again, and will fail at the $240.
Do NOT try to short this market against the whale that is buying everything in sight.
Shortly thereafter it stopped SPY from selling any more past $240 with a hard support nailed in.
Clearly the market will try again, and will fail at the $240.
Do NOT try to short this market against the whale that is buying everything in sight.