The Closing Print live trading and financial blog during market hours.

Pajama traders were at it again last night,

…… pushing futures lower on the Globex session.

All of this flies in the face of SPY block trades executed yesterday, which built a formidable layer of support and resistance that SPY traders will face this morning. Large blocks traded between 262.84 up to and including 264.70. SPY is trading at the latter zone in the pre-market session. The chart below was taken at 3:50 PM (15:50).

After the closing bell, the following levels appeared in massive blocks along 264.99. Bears need to hold this line in the sand. If price drifts up to this level today, look at the opportunity as a short, if resistance confirms.


Some additional trades were seen above 265.30. Watch TICK cumulative.


Keep an eye on these levels this morning.

We’ll be LIVE at 9:20 AM 


Disclaimer:  Do your Own Research

Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.

Investment Warnings

We would like to draw your attention to the following important investment warnings. The value of shares and investments and the income derived from them can go down as well as up; Investors may not get back the amount they invested – losing one’s shirt is a real risk; past performance is not a guide to future performance.