Point-Blank-Trading Profile picture
Dec 15, 2022 10 tweets 17 min read Read on X
TODAY IN THE MARKETS
$VIX

Down day for the #SPX, and the #VIX closed down -6.26% and below 20DMA

Yesterday: large bearish engulfing candle
Today: Continuation

Despite the lack of sync this looks like a bullish development for $SPX

#ES_F #trading $SPY $ES #options #VIX $VVIX
$XLF
#XLF was rejected at 20DMA

The sector remains above the 200DMA, and near support

For the October #SPX rally to continue it's necessary for #XLF to hold above $34.40

#trading #banks #options #ES_F $SPX $SPY $ES #DayTrading #Futures #inflation #ratehikes #Fed #Financial
$QQQ
It is in "the pinch", right between the 100DMA and the 20DMA.
One is support, the other is resistance

Let's see which side #QQQ comes out on.

It's still in the uptrend channel.

#NASDAQ #IXIC #NDX $NDX #NQ_F #options #trading #Futures #DayTrading #TradingSignals #SPX #ES_F
$SPX
Down day with lower volume

Rejection at 200DMA, support at 20DMA, another "pinch"

It's inside the rising channel with bottom band support at 3930 for tomorrow

Rejected also from trend line

But it's all about #Gamma

#SPX #ES_F $SPY $ES #options #trading #Futures $VIX
The #SPX stocks above 50DMA Index

Closed below 20DMA, but managed to bounce from support

Not the more bullish picture, but it's still looking OK

It closed at 78.5%. Closing below 63.5% would be extremely bearish

$SPX $SPY $ES #ES_F #trading #options #Futures #MarketBreadth
The #SPX stocks above 200DMA

It closed at 57.5%

Remains above the trendline, the 50% level, the 200DMA and the 20DMA

Continues to show good internal health of $SPX

#ES_F #options #trading #Futures #DayTrading $SPY $VIX #inflation #recession #BullMarket #bearmarket
#Gamma
$SPX #OPEX #Gamma

Tomorrow all the action will be dictated by MMs hedging large $Gamma exposure

Despite the big neg. stack size at 3950, pos. Gamma exposure almost doubles the negative one

#SPX achieved to close above the Flip point and 4000

Chart from @TradeVolatility #ES_F
Chart of the day
$BE #BE

We are choosing another green energy company today
Bloom Energy Corp

It broke above resistance today in higher volume

After moving up more than 11% it pulled back for a gain of only +5.92%, but still closing above resistance

A good long play
#trading
Short of the day
$PBR

Petroleo Brasileiro S.A. after breaking below 200DMA 2 days ago, it gapped down and closed below important support losing -9,86% today

It did so in very heavy volume

All in this chart indicates lower prices ahead

#PBR #Oil #energy #trading #options
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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

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