#SPXS, #SPXU, #SOXL, #SOXS, #QID (2x Inverse #QQQ)

I'm only confident in saying I think that institutions went through an awful lot of trouble since December, and I don't see them doing that just for a simple correction and resumption of the underlying trend.

volumeleaders.com/register

That 2022 high lasted a while and I expect this one to last a while too. How long it may last and how far we may drop is way way *way* beyond my level of expertise.

One difference was 2021's distribution was most easily spotted in megacaps like #NVDA whereas this time they're hitting the #SPY -esque investment vehicles most. Why that may be is anybody's guess.

The last few months remind me of late 2021 more than any other period. Similar structure. Similar pattern of prolonged large trades in a range with a false breakout above the range followed by a swift reversal to the bottom of the range and beyond.

But those trades didn't just come in #SPY and #QQQ, these trades came in the long-term investment vehicles. These are ETFs held by long term investors. Long term vehicles are traded at long term targets. They don't day trade these things. Not usually.

What we watched over the last two months was different than what we saw in July, or even in April or any other time in recent history except for one. This was deliberate. Enormous volumes. Prolonged time spent in a defined range. Day after day of unusually large, highly ranked trades.