0GEX stays at 3960. There doesn't seem to be much incentive for dealers to push prices higher with few puts above 4100. But bears cutting losses could push prices higher in the coming hours.
$TSLA has turned red. Don't be surprised if other stocks follow suit.
Both #CPI releases gave the stock market a squeeze, but the charts look vastly different.
As traders, it's crucial to remember that #Bears must respect higher highs and #Bulls must respect lower lows. This key principle can help guide our decision-making and prevent emotional reactions in the market.
I'm buying some 1DTE calls. I believe a small bull trap will be set up this afternoon for tomorrow's FOMC. Not seeing such a bull trap could indicate a bullish FOMC.
We should see a good rebound from 3980 which is the 0GEX level for SPX
The rebound could last till 4pm. If not, 3980 will be tested and probably broken by 4pm.
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$ESZ's 0DTE 0GEX is currently at 3960. Please note that $ESH took over as the main contract and is roughly 30 points higher than $ESZ. If $SPY doesn't gap up today, it could end the day in positive territory. If that happens, tomorrow's CPI report could be hotter-than-expected.
MMs had insider knowledge of the upcoming CPI numbers and FOMC statements, so the financial markets this week have been orchestrated. Today is a trap day for bears and bulls alike, with the potential for getting trapped if the CPI is lower or higher than expected.
Correction to my first tweet: If $SPY doesn't gap ̶u̶p̶ down today, it could end the day in positive territory as a bull trap. If that happens, tomorrow's CPI report could be hotter-than-expected.