Point-Blank-Trading Profile picture
Dec 13, 2022 11 tweets 16 min read Read on X
Today in the markets
$SPX
An unexpected rally pushed #SPX 50 points higher today on increased volume

We can say it was a successful retest or bounce from the 100DMA

It closed at 20DMA and is now in the "pinch". Tomorrow we'll know which side #SPX is going to come out on

#SPX Image
$DIA
Another rally on higher volume

Today closed above the 20DMA, somewhat bullish if it is able to hold that ground.

Big impulsive green candle, indicating further upside

$DJI #DIA #DIJ $DJIA #industrial $SPX #SPX
#DowJones Image
IWM rose on higher volume. It kissed the 100DMA today, which has offered resistance in recent days

It is still in the "extension" zone of its trend channel.
It needs to get back inside the main channel and break above the 100DMA

#IWM $RUT $RTY #RTY #RUT #options
#trading Image
$QQQ

Not much love for tech among traders

It is the only index that has risen today with little volume

It touched the 20DMA today. It needs to get above it to be in better shape

It is still in a medium-term bearish channel and a short-term bullish channel

$NDX #QQQ #NASDAQ Image
$VIX has continued its "awakening"

It broke through resistance today

This is something to pay attention to. It also rallied with the #SPX going up, This could be seen as a crack in the October rally

It generated a sell signal for $SPX today according to our indicators
#VIX $ES
$VVIX closed today above the 100DMA, and above 90

That's bearish for $SPX

If it closes above 96.5 (in the upper box) it should be seen as another crack in the October rally

#VVIX $VIX #VIX #trading #SPX #ES_F #options #futures #daytrading $SPY #volatility #trading Image
The $SPX stocks above 200DMA index

It printed today a bullish engulfing candle

It closed above 20DMA at 58.05

This is a bullish development for #SPX. It needs to hold the ground conquered today

#ES_F $SPY $ES #trading #options #Futures #DayTrading #bearmarket #OptionsTrading
The $SPX stocks above 50DMA index

Did not close as bullish as the other

Still below the 20DMA

Bounced from support

For a big upside move in the #SPX it needs to get back above 90% and stay above for a while

#SPX #ES_F $SPY $ES #trading #options #Futures #DayTrading #bear Image
Chart of the day
$KLAC

It looks like a hell of a buy

ATM January calls look good

For the more aggresive $10 OTM Dec-30 calls

#OptionsTrading #options #trading #futures $SMH #SMH $SOX #SOX #KLAC #semiconductors #QQQ #SPX #ES_F $SPY $QQQ #NASDAQ Image
The incredibly move
#NatGas

It's bouncing tonight from its 20DMA forecasting more upside

$UNG #UNG #energy #Russia #Europe
#trading #Futures #inflation Image
This signal could be reversed with a drop in the VIX of similar magnitude to today's move

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Point-Blank-Trading

Point-Blank-Trading Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @PointBlank_Algo

Nov 12, 2023
NEXT WEEK

The Bear's Take:

•Sticky inflation
•Tight labor market
•Higher for longer
• #Rates, #Dollar ↑
•Negative breadth and classic indicators divergences
•Fed speakers will be hawkish
•VIX/VVIX at important support with positive divergences
•Bond auction failure
NEXT WEEK

The Bull's Take:

• $VIX and $VVIX below 200DMA & strong downtrend
•Positive $Gamma
•Leading stocks breakout
•Bullish and daily weekly candles
•No recession
•Leading sectors about to breakout
•Core $CPI will decelarates

#ES #SPX $SPY #SPX #BullMarket #futures
Our Take

•Market to move up on Monday
• Market will pullback hard once it hit resistance
•4435 to be strong resistance
•Expecting sector breakouts to improve breadth on next two weeks
• $VIX and $VVIX to bounce, but remain in downtrend

#SPX $SPY #ES_F
#Daytrad #options
Read 4 tweets
Oct 29, 2023
NEXT WEEK

The Bear's Take:

•Geopolitical tensions
•Sticky inflation
•Tight labor market
•Higher for longer
• #Rates, #Dollar and Vol upward
•Bearish weekly chart on all indices
• #AAPL to report poorly
•Negative $Gamma
• $FOMC

#ES_F $SPY #0dte #SPX #BearMarket #trade
NEXT WEEK

The Bull's Take:

•Indices are at/near important support
• FED to soften tone
• $VIX and $VVIX near important resistance
• Market breadth indis double dip
• $FAANG stocks bounced on high volume on Friday
• Market is extremely oversold
•4074 is a hard floor

#ES
Our Take

•Expecting $SPX futures to open positive on Sunday and SPX to close positive on Monday
•Looks like #SPX needs an extra flush before bouncing hard
•FEDs won't be too hawkish
•4074 is a hard floor to bounce from
•Expecting #VVIX to break support

#SPX $SPY #ES_F
Read 4 tweets
Oct 22, 2023
NEXT WEEK

The Bear's Take:

• Increasing #Geopolitical tensions
•Sticky inflation
•Higher for longer
• #Rates and #Dollar are rising
•Weekly Bearish Engulfing candles with higher volume accross all indices
• $VIX and $VVIX breakout

#ES_F $SPY #0dte #SPX #BearMarket #trade
NEXT WEEK

The Bull's Take:

•All indices are at/near important support
•Big tech earnings will push the market higher
• $VIX will reverse down
• #Market breadth indis are at/near extremely low readings
• $FAANG stocks at important support
• Market is oversold

#ES_F $SPY
Our Take

•Expecting $SPX futures to open positive on Sunday and SPX to close positive on Monday
•If #SPX goes down on Monday it will trigger a sharp oversold rally
•Bulls need $VIX to fall back below 20.75
•4181 could be tested, but market will bounce from there

#SPX $SPY
Read 4 tweets
Oct 8, 2023
NEXT WEEK

The Bear's Take:

• #Israel - #Palestine war
•Fed: Higher for longer
•Rates at 16-year high
• #Dollar & $TNX uptrending
•New downward structure still in play
•October's bearish seasonality
•Oversold rally will fail

#ES_F $SPY #0dte #SPX #BearMarket #trade
NEXT WEEK

The Bull's Take:

•Big one-day reversal
•Bullish daily candles
•Indices bounced from important support
• $VIX reversed down and generated buy signal
• #VVIX reversed down
• Breadth thrust on Friday
• Coming earnings will help the market

#ES_F $SPY #SPX
Our Take

• 4220/4200 should hold war-generated pullback
• $VIX can spike again, but won't go above last week high
•4350 Big resistance
•Need to see how MidEast war affects markets
•Bounce alive until it breaks below 4200

#SPX $SPY $ES #Odte #options #trading #ES_F
Read 4 tweets
Sep 24, 2023
NEXT WEEK

The Bear's Take:

•Fed: Higher for longer
•Rates at 16-year high
• #Dollar & $TNX uptrending
•Negative #Gamma
•New downward structure
•September's bearish seasonality
•Bearish weekly candles
•VVIX to remain high

#ES_F $SPY #0dte #SPX #BearMarket #trade

🧵 →
NEXT WEEK

The Bull's Take:

•Market to bounce
•4300 will be a temporary floor
•Indices at important support
• $VIX at resistance
•Oversold market
• Positive indicators divergence
•Coming earnings will help to float the market $MU $NKE $COST

#ES_F $SPY #BullMarket #SPX
NEXT WEEK

Our Take

• $SPX futures to open positive on Sunday and market to close positive on Monday
•4300 will hold for a few more days
• Expecting $VIX to pull back
•Market bounce will fail at 4375 or 4390
•4352 big resistance

#SPX $SPY $ES #Odte #options #trading #ES_F
Read 4 tweets
Sep 17, 2023
NEXT WEEK

The Bear's Take:

•Hard landing
• #Dollar & $TNX uptrending
•Negative #Gamma
•Leading sectors and stocks breaking down
•Bearish seasonality
• Powell's #FOMC speech will be hawkish
• Friday's bearish impulsive candles

#ES_F $SPY #0dte #SPX #BearMarket #trade
NEXT WEEK

The Bull's Take:

•Market to open higher on Sunday, and close positive on Monday
•4430 will hold as suppport
•Indices and sectors at important support
• #VIX and #VVIX weak bounce
• Fed's pause will push the market up
• $DXY and $TNX to pull back

#ES_F $SPY
NEXT WEEK

Our Take

•4430 major $Gamma support
•4400 will hold as support if tested
• Expecting $DXY and $TNX to pullback
•4400/4500 range for the week
• #VIX and $VVIX still in downtrend
•Sideways market

#SPX $SPY $ES #Odte #options #trading #ES_F
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(