Mar. 19 at 10:44 PM
$QQQ $SPY $VIXY
SPY spent all day grinding into
$658–
$659 kryptonite.
Every bounce rejected. Textbook support-turned-resistance.
Then at 3:00 PM the PM of Israel tweeted about
seizing the Strait of Hormuz.
$655.36 →
$662.97. Twenty minutes. 80 S&P points.
SPY close:
$659.82
200-day SMA:
$659.77
Difference: one nickel. Again.
SPY volume: 109.9M · POC:
$668.91
QQQ volume: 74.4M · POC:
$600.60
Both POCs way above close. Draw your own conclusions.
Full debrief — including tonight's Socratic crisis
about whether charts matter anymore:
kingcambo812.substack.com