On Thursday and Friday, the 19th and the 20th, I saw multiple blocks of 250K shares (and greater) purchased of the SPY at approximately 250, during which time the SPY was selling for 242-244. One of the blocks was 700K. The SPY rallied to 260 this week and then declined, back and forth, during which time I suppose these shares were dumped. I saw 5M shares alone sold between 3:30 and 4:00 this past Friday.
I didn't watch the tape much last week. To be frank, it bores me to tears. But yesterday again I clicked on times and sales once in a while and again kept seeing multiple big blocks purchased at 262. Two of these were for 2.5M and 5M shares, respectively.
Only one of the blocks I saw out of all of them spiked the price bar on my chart, from current price to the purchase price, in both of the weeks I watched-on Thursday the 19th my 1 min chart spiked from 243-244 to 262 for a millisecond. 'They must have seen me watching on my teeny webcam and hid the rest of the trades till the close.
Those huge buys of shares at 262+ are still outstanding, IMO and we go up this Monday or Tuesday.
Edited by dowdeva, 28 March 2020 - 09:21 PM.