XJO - Bear Posts only (Factors which might cause the markets to fall), page-23272

Was opex in US and was extra large that's for sure.

Saw some bombs land across the board. Have attached SPY and QQQ which both had $1.9B trades hit (was 2nd largest trade of all time on QQQ)

Multi billion dollar trades on all the mega caps also.

Opex always has elevated volume so nothing new here but QQQ was interesting. Trades of this magnitude usually come near turns - however short or long term that turn may last.

Anyway, seasonality of SPY and QQQ say things turn south quickly after June opex, however that's followed by a decent pump through July so may be an opportunity for trader bears to make some money and buy and hold bears to get bent over.

Remember to DYOR and good luck whichever way you trade...
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