$SPX
Our weekly "NEXT WEEK, The Bear's take, The Bull's take, Our take" is here
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#SPX $SPY $ES $SPX #ES_F $GAMMA $GEX #GAMMA #GEX $QQQ #QQQ
$DIA $IWM #trading
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
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
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
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.
unroll @UnrollHelper
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.
unroll @UnrollHelper
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