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- AllllSevens Weekly Newsletter 12/04/23
AllllSevens Weekly Newsletter 12/04/23
SPY XLU XLP IWM QQQ
Disclaimer
All information presented in this newsletter are my personal opinions & for speculation purposes only.
Nothing stated is intended to be interpreted as financial or investment advice.
I present the market through the lens of an institutional trader/investor by using Volume Price Analysis at Dark Pools. (VPA @ DP)
What is a Dark Pool?
Why do Dark Pools exist?
How are Dark Pool Price Levels useful in trading & investing when combined with Volume Price Analysis?
See this tweet below if you’d like to know.
https://x.com/AllllSevens/status/1725949825307254859?s=20
Reach out if you have questions.
Preface:
The SPY and the XLU are my #1 focus this week.
The XLP sector, KO, PEP, TGT, & PG have my attention as well.
SPY is ready for a $15 upside move- $6 minimum this week.
The IWM appears to have officially confirmed, clear space to $200+
It is not a focus of mine, as I am just holding swings.
The QQQ is not a focus of mine this week.
Calendar


SPY

Monthly
Major Institutional Accumulation at $441.84 & $395.88 in 2022
Further accumulation has taken place in recent months.
The SPY is very strong over $441.84
We are currently looking at a possible breakout this week…

Weekly
Weekly trend and resistance break.
Volume gap until $464.84!
This means price is likely to move relatively fluid through this zone.
A great environment for swing traders.
I’m very confident in this breakout.
Why?

Daily
If you drop down to the Daily chart during the 2022 Monthly accumulation, you see large buyers off the $457.53-$458.62 Dark Pools…
A decreased volume increased spread candle sold price back down through support… An anomaly. Just like displayed on the Monthly chart.
It’s extremely likely the high of this candle gets broke.
This creates an imbalance at $472.88
As price breaks out over this previously accumulated zone, we know that since institutions previously accumulated this zone, a breakout could be powerful and a rejection is unlikely.

Daily
Increasing volume breakout.
For continuation, price needs to continue holding this support.
My A+ entry is a retest of this support.
Either way, the risk-to-reward here is amazing.
For invalidation, price would needs to close the week below this support, OR gap down and open below $457.53 tomorrow.
I will be updating the SPY daily on 𝕏 !
https://twitter.com/AllllSevens
Unusual Options Flow

$200M Full Risk Bullish Order

$30M Full Risk Bullish Order

$40M Calls Bought

$5M Calls Bought

$2M Calls Bought

$2M Calls Bought
Some extremely bullish options flow this week.
Traders with LOTS of money are seeing the same lucrative setup as me.
This adds to my extreme confidence that price is going to successfully breakout and begin rallying through this volume gap.
Conclusion
This is an extremely clean market setup.
You do not see this every week.
Make sure you bring your A game.
-Breaking a previously accumulated level.
-Volume gap (range) for a potentially fast and trendy move.
-Massive options flow for added conviction.
I want to go long this week, risking around 456.60 max (green zone)
Ideally, price holds $457.53-$458.62 strong and with volume.
My main target is the top of the volume gap $464.84,
I want 12/12 464c’s for this trade.
After the volume gap fills, I expect price to continue higher, but it could get choppy, and might even reject before continuing the push higher.
My final target will be the Daily rebalance at $472.88,
I want the 12/29 473c’s displayed above for this trade.
XLU

Quarterly
Incredible accumulation patterns here suggesting ATH’s will come.
As price reclaims a major Dark Pool on high volume, with a volume gap to $67.40, I’m very interested in this chart.

Daily
Great Daily patterns as this reclaims support, showing no signs of strong sellers, only strong buyers.
Conclusion
Incredible long-term chart.
I love trading this index- Options move very well and great ranges.
As long as $62.26 continues to hold on volume, I think $67 is coming.
And of course, long term, I believe ATH’s will come.
XLP

Monthly
Sloppy chart because tons of Dark pools clustered together.
Not an index I would ever trade personally,
But I think the current monthly patterns and reclaim of largest Dark Pool on record $68.83 are notable for individual names in the Consumer Staples sector.

Weekly
A strong move off the largest Dark Pool on record-
Now facing a final resistance before a volume gap.
A break over this resistance and this sector can heat up.
Conclusion
Stay tuned for a newsletter covering my favorite(s) Consumers Staples
Will also post on 𝕏 twitter
IWM

Major Institutional Accumulation at $203.44 leaving behind an Imbalance as high as $209.44 which then puts price in a volume gap with potential to reach $225+
More accumulation in recent months off lower dark pools-
This quarterly candle is looking incredible, with open space towards the $203.44 Dark Pool

Monthly
Is there anything to say?
As long as $178.40-$179.35 holds this has clear space to $203.44

Weekly
Weekly Imbalance as high as $227.13, adding to the conviction that once $203.44 is cleared there’s no reason this should slow down.

Weekly
(Image from newsletter 2 weeks ago)
This will go in a textbook one day.
Unusual Options Flow
There’s a TON of bull flow for IWM out into the March 2024 expiration and beyond. I have shared it multiple times in previous newsletters now-
And it’s all in my IWM channel in Discord as well as my twitter.
For the sake of the size of this email (I literally can’t send it out with all the flow attached) I have to remove the flow from prior weeks and only share what has came in last week.

Phantom Print
Price is likely to touch this level in the future
Conclusion
Let it rip.
3/15/23 210c’s seem like the best contract to me.
6/21/24 220c’s also look great.
As long as $178.40-$179.35 continues to hold in the coming weeks, I see no reason this can’t lead the market big time. Huge volume gap above.
This move is a long-time coming and I have been talking about it for months on end. Seems like it’s finally happening.
QQQ

Monthly
Even better accumulation patterns than the SPY
Makes sense it’s been relatively strong this year doesn’t it?

In the last week, the SPY has began showing relative strength the the SPY
This makes sense because the SPY has no major resistance anymore, being over $441.84
The QQQ however, has a large resistance at $392.10
So far, I have seen no signs of distribution off this level, making it likely that the SPY breakout carries the QQQ into a breakout of its own.
Conclusion
My focus is on the SPY this week.
I am not planning to trade the QQQ.
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