Thread by @PointBlank_Algo

Our regular "NEXT WEEK, The Bear's take, The Bull's take, Our take" is here

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#SPX $SPY $ES $SPX
#NASDAQ $QQQ #QQQ
$DIA $IWM
$VIX $VVIX
#Trading
$GAMMA $GEX

NEXT WEEK

The Bear's take:

•High inflation, dollar, and Interest rates
•Recession
•Geopolitical tensions
•Technical destruction of index charts
•Negative $Gamma regime
•Bearish weekly candles
• $VIX & $VVIX are alive and kicking
•Dealers cut a big chunk of their longs

NEXT WEEK

The Bull's take

•Friday's bullish hammer candle
•Extremely low readings in several indicators
•Extreme equity put buying
•Indices are at important regression support
•Commodities are down
•Oil's down

#SPX $SPY $ES $SPX
#NASDAQ $QQQ
$DIA $IWM
$VIX $VVIX

NEXT WEEK

Our Take:

•A market bounce is expected on Monday and/or Tuesday
•The game is BTD and then STR
•Technical damage is great, not easy or quick to repair. More ↓ side in the future
•Violation of the June lows = great trading opportunity (watch out for false moves)

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