2025-06-25 a quick reminder about these markets

low volume can float a tape

Author

n qracky
June 25, 2025 • Estimated Reading Time: 3 minutes

🌟 Welcome!

I’m reminded of something I first heard from David Frost (RIP) that Im ‘certain is a trader adage (well i know it is; i looked it up): never short a dull tape. We seem to be in that mode. And now that we’ve reached a critical space, looks like more floating ahead, barring news…which we know come hard and fast these days.

🔢 The Numbers

Above

staying where she is, above 22043, 22529 is the target, and some overhead resistance if hit during the session. 22586 is next on the table, 22634.5 is magnetic.

Below

losing 22403 is bearish for the day, but will have to get through 22426 first. below that, 22308 is a target, and bounce place, depending on how she’d get there.

📸 The Big Picture

Welp, $QQQ ( ▼ 0.32% ) is trading premarket at all time highs. Never short a dull tape. That suspicious and waning volume only seems to contribute to a carefree float back up to the top. $MNQ_F ( 0.0% ) and $NQ_F ( 0.0% ) have not reached their heights just yet, however, and are working their way through February’s dump and lower low area.

Us now (yeah i winged a long Micro with initial stop below PDAH last night because tape was doing nothing but meandering upward)

us now

and feb

February Dump Area

Surpassing this breakdown box will be significant on the way to tapping their prior ATH, and yet they could present a lower low after tapping the POC of that area. That said, with the Q’s at their highs, the market being as clever as it is, has made both easier to achieve at the same time, a sell off, now that it’s got what it wants, sending the futures back down with a lower high, or, new highs, now they’ve gotten us in a bidding frenzy.

So i guess we will see. anything can happen.

📰 News

JP yapping again at 10am.

Here’s to patience, learning, and profits!

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