In a process of structured block trading, market makers (and computer algorithms) have created the following chart patterns. While it has been noted that S&P500 futures traders are positioned for a decline, it appears Market Makers are planning to recreate a structure that is similar to what was developed between April 1, 2022 and June 16, 2022. Underlying data within the Apple charts show a total volume of very large block trades processed between December 13, 2021 and March 30, 2022 (point 1 through point 7) are within .01% of the total volume of very large block trades processed between July 19, 2023 and November 27, 2023 (point 1 through point 7). This would indicate a top is close.
This is an observation, not a recommendation.
Stock charts courtesy of StockCharts.com.
