$SPX
Our weekly "NEXT WEEK, The Bear's take, The Bull's take, Our take" is here

For more info read our newsletter

Subscribe for Free

pointblanktrading.substack.com

#SPX $SPY $ES $SPX #ES_F $GAMMA $GEX #GAMMA #GEX $QQQ #QQQ
$DIA $IWM #trading
NEXT WEEK

The Bear's take:

• Rates, dollar, employment ↑
• Geopolitical tensions
• $VIX and $VVIX are above 20DMA and uptrending
• $SPX closed below 200, 100, 50 and 20 DMA
• Negative #Gamma regime
• Leading sectors are breaking down
$ES_F $SPX $SPY #SPX #VIX #trading
NEXT WEEK

The Bull's take

•Inflation/Commodities/Oil/ $DXY are ↓
•Seasonality favors up movement
•It was all about heavy $GEX & #Quad witching day
•Indices are very near strong support
• $VIX and $VVIX still in donwtrend
• Breadth indicator (#S5TH) is still holding
#SPX
NEXT WEEK

Our take

•Expecting the market to bounce on Monday
•There is serious technical damage on charts, but #Quad #Opex and #Gamma had an important influece on that, expecting #SPX to float
•Market may need to reach stronger support not far away before meaningful bounce
Comments:

Technical damage on charts is ugly. We need more than one up day to fix that

As in 2018 market may go down for a few more days before a significant bounce

In our newsletter we will identify the support levels from which the market should bounce.

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More from @PointBlank_Algo

Dec 15
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
Read 10 tweets
Dec 14
TODAY IN THE MARKETS
$SPX
A low #CPI triggered a 114-point jump that took it above the dominant trendline. At the open, sell orders above that level initiated a pullback that took it 126 points down to the 20DMA

Not what we would call a 1-day reversal, more upside to come
#SPX
$DIA
Same picture for #DIA, sell orders above Dec 1 high pushed the #DJI lower

It went down after an impressive initial rally
Bounced from 20DMA

#DJIA will continue to lead the rally

Not a pretty candle, but not exactly a 1-day reversal

#DowJones #trading #options #trading
$IWM

Same story

Perhaps an uglier candle, closer to a 1-day reversal than $DIA and $SPX.

$RTY looking much better

Bounced from important support in the trading channel

Big volume today.

#IWM needs to catch up with $DJI for accompanying leadership

$RUT #RUT #RTY_F #trading
Read 12 tweets
Dec 13
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
Read 11 tweets
Dec 11
Our weekly NEXT WEEK, The Bear's take, The Bull's take, Our take is here

For more info read our newsletter coming out later today

Subscribe for Free

pointblanktrading.substack.com

#SPX $SPY $ES $SPX #ES_F $GAMMA $GEX #GAMMA #GEX $QQQ #QQQ
$DIA $IWM #trading
NEXT WEEK

The Bear's take:

• Rates, inflation, dollar, employment ↑
• Geopolitical tensions
• $VIX above TL and 20DMA
• All indices broke below 20DMA
• Negative #Gamma regime
• Dealers are now net short
•Quadruple witching: large negative stack at 3900
$ES_F $SPX $SPY
NEXT WEEK

The Bull's take

•Commodities/Oil/ $DXY are ↓
• Indexes on lower weekly volume
• Breadth indicators still holding
• Indexes are at important supports
• Seasonality favors ↑movement
• Lower #CPI would push the market ↑
• Market ↑ on 50 bps rate hike

#SPX
Read 5 tweets
Dec 9
$SPX #0DTE scanner and $GEX charts from @TradeVolatility
3900 puts and 4000 calls continue to attract the highest number of bets

4000 call has the largest volume change

The struggle area now: 3950/3960

The safest 0DTE play is selling the 3900/4000 strangle for $1.50
#SPX #ES Image
We are going to sell the 3935/4000 strangle for $4.25

*Price went lower since the screenshot

#ES_F #trading #options #daytrading #futures
$4.20 Image
Read 4 tweets
Dec 9
Today in the markets:
$SPX $SPY $ES

#SPX bounced yesterday from 100DMA, moved higher today on slightly lower volume

Still below 20DMA. Failure to regain that level will be a significant crack in the October rally

Break below 3900 would be the death of the rally

#ES_F #SPX
$DIA $DJI $YM

#DJIA and #DIA have been rejected from 20DMA yesterday and today, but #YM_F closed above it today

It is important for DJI and DIA to close above 20DMA

It bounced yesterday from the lower edge of its trading channel

#DowJones #YM_F #trading #options #DayTrading
$QQQ $NDX $NQ
It bounced yesterday from channel support &continued today with slightly lesser volume

It's still below 20DMA, but still in a short-trend uptrending channel, and a mid-term downward channel

It need to close above 20DMA

#QQQ #NDX #NQ_F
#trading #Options #NASDAQ
Read 9 tweets

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