2025-06-24 something's fishy as we approach Turnaround Tuesday...

The volume is speaking...what is it telling us? looking for clues, and I got something to say about that.

Author

n qracky
June 24, 2025 • Estimated Reading Time: 3 minutes

🌟 Welcome!

We’re up? but is it a fakeout? i guess we’ll see.

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🔢 The Numbers

Above

holding above 22178.25 keeps us aiming towards 22426, which is overhead resistance on the way to 22529.

Below

losing 22178.25, 22168.5, puts 22093.75 back on the table, and into yesterday’s value area (starting: 22088.75) , and below.

📸 The Big Picture

Listen, this is simple. they goosed the tape overnight. seems to always be the only way they can get past some of these numbers towards the all time high. She’s broken out of her previous balance, and wants to hold above. If she can’t, than it’s the POC (red line) for starters…

of note:

As far as a chart is concerned, this would be a great place to put in a longer term lower high (the last lower high from the ATH was seen ‘round Feb) and use chairman Powell’s words as an excuse to reverse the tape. Not saying it’s gonna happen, just saying I’ve seen stuff like this before.

If we can make it into this area, and hold for awhile, there’s a strong chance that she’s gonna make a run to take out the all time highs, but not without getting to 22529 first, 2024’s 3 sigma high, and a good place for bag holders to let go of their positions.

I’m looking at this rally side eyed, because Friday, June 20th was a relatively massive volume day, and it was a red day. our biggest volume days were around the time of the april dump.

But however, also noted, that red day wasn’t enough to push us down terribly far. So we could have some legs…

We’ll find out soon enough, won’t we?

📰 News

Today at 10:00am Powell gives a lil testimony. Will it move markets? did they try to goose ahead of his words? we’ll see…

Here’s to patience, learning, and profits!