$QQQ just printed the third biggest volume day since May 2022—and the biggest red volume day in that entire span.
That's not just profit-taking. That's institutional puke. When you see that kind of size on a down day, it means real money is repositioning, not just retail panic.
Volume spikes on red days typically mark either:
1) Capitulation bottoms (bullish reversal setup)
2) Distribution tops (more pain ahead)
Context matters. If this is coming after a massive run with stretched positioning, it's likely distribution. If it's hitting support with oversold technicals, it could be a flush.
Watch how $QQQ opens tomorrow. If we gap down and reverse hard, that volume could be your washout. If we grind lower on follow-through selling, the pain isn't over.
Big volume = big players moving. Pay attention.
That's not just profit-taking. That's institutional puke. When you see that kind of size on a down day, it means real money is repositioning, not just retail panic.
Volume spikes on red days typically mark either:
1) Capitulation bottoms (bullish reversal setup)
2) Distribution tops (more pain ahead)
Context matters. If this is coming after a massive run with stretched positioning, it's likely distribution. If it's hitting support with oversold technicals, it could be a flush.
Watch how $QQQ opens tomorrow. If we gap down and reverse hard, that volume could be your washout. If we grind lower on follow-through selling, the pain isn't over.
Big volume = big players moving. Pay attention.