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Fly in the ointment is this -ve gamma for today but this structure changes very dynamically and it could be the indication of bets for the fakeout initial first down move.
$SPY S/A Net $Gamma, today's expiration
— Point-Blank-Trading (@PointBlank_Algo) October 12, 2022
Negative #Gamma predominates with main stack at 355
360 is resistance
Price is still in negative territory. This $GEX profile will get in sync with $SPX
Chart @TradeVolatility #SPX #SPY $ES $SPX #GEX $QQQ #QQQ #trading #optiontrading https://t.co/uq0u9o79HP pic.twitter.com/eEiHppVmZ0
Agree, it's been 10 days of building a base in the 3560-3640 range!
CPI forecast DD
This guy did his due diligence and was on the money last month with a hotter CPI report forecasted. This time it looks like 7 out of the 11 components went down from last month with 2 up and 2 flat. So, CPI should be inline or slightly cooler is best guess!
ANOTHER INFLATION THREAD(SEPTEMBER INCLUDED) 🧵
— HZ (@MFHoz) October 1, 2022
I have collected the average data on a basket of things that has an influence on the Consumer Price Index(CPI).
Do you think CPI comes in lower or higher than expected for SEPTEMBER? Let me know in the comments.
Interesting take by shadow 4 ... minutes should move markets for sure since PPI did not.
Yes, the EARTHQUAKE will start in Europe. Someone there will be the Lehman of 2022-23 CRASH.
Yeah, 3520 tomorrow possible
Daily Bollinger band there as well
Doomsayers galore
They're out in full swing to lure in late bears and break few remaining bulls into giving up! Pretty much signs of a bottom and October rally!
https://www.bloomberg.com/news/articles/2022-10-11/jpmorgan-says-too-hot-cpi-would-put-stocks-at-risk-of-5-tumble
https://finance.yahoo.com/news/jamie-dimon-p-500-bear-142642303.html
https://finance.yahoo.com/news/bridgewaters-dalio-warns-perfect-storm-152649569.html
Was the low today at 3568 an excess low?
If yes, today may have been the flush you were looking for.
Thanks .... SPX Monthly 50dma is also in that zone at 3536
Thanks .... SPX Monthly 50dma is also in that zone at 3536
Cyclesfan also has a low coming up anytime now
$SPX is approaching the next 40 TD cycle turn that's due on Wednesday(-+ 1 TD) and is likely to be the low for October. Ideally we're going to get a daily close below 3585. At that point the RSI will have a double positive div. Below 3585 the next supports are 3550 and 3505. pic.twitter.com/DJFYozpHHX
— CyclesFan (@CyclesFan) October 10, 2022
If we break 3584 this week, yes we are
But Bulls still buying the dip and placing bets
$Cboe Most Active Index Options
— Point-Blank-Trading (@PointBlank_Algo) October 10, 2022
At today's close, two $SPX call options made it into the top ten:
Nov-18, 4200 Calls, with 28,077 contracts
Dec-16, 4000 Calls, with 27,338 contracts
Bullish traders are placing OTM bets#Cboe #SPX $SPY $ES #ES_F#options #futures #trading pic.twitter.com/qEdFle8IF4
Hopefully 3 days of selling is it
Bullish is the fact that 3584 low held and close above 200dma. Bulls need Gap & Go tomorrow ....
I think astro Norm Winski did play out
He said change in trend after market close on 10/7 or first hour after market opens on 10/10 ... It's playing out.
This plus "scare" news all over leave me to believe an October rally is coming if the 200dma holds today!
https://finance.yahoo.com/news/3-reasons-why-your-money-is-at-risk-for-the-rest-of-october-morning-brief-100000775.html
Chop day it is!!
Good video/charts ... However, a lot of folks now expecting a crack and crash in October which makes me suspicious that this will happen now! Twitter FitWit is filled with imminent crash charts and I'm sure gdl will show up here this week as well :)
They will save the CRASH for some later ... probably in 2-3 months at the most unexpected time!
The danger lies that FED may overshoot in their attempt to cool off the economy which is taking affect now. They have no choice ... out of bullets! Q1/Q2 next year is going to be worse for the economy, IMHO!
Green bullish weekly inverted hammer after 3 weekly down candles!
If it breaks 3584, yes 3250-3300 will be tested.
June bottom similarities
Bollinger band, RSI levels and price action from bottom to 20dma initial test and retrace with lower volume looks identical to this Summer June bottom. Let's see if it rallies & follows through next week.
The fork knows it all ... good call on 3640 J!
And retraced fib .38 from rally up from 3584 to 3806
3660-70 zone (.38 retrace) needs to hold if any chance of rally past 3806 in October.
Hasn't it been balancing and digesting the massive gains of Mon/Tue last 2 days? That too under the 20 dma ... fail here at 20 dma or crack through it tomorrow!
Thank you!
Where does he post?
Thanks for sharing J.
This also lines up with cyclesfan Oct 10th top .. let's see.
We doing waves or ABC up to 3930?
3584 to 3792 was A (208)
3792 to 3722 was B
C up from 3722 +208 to 3930
Looks like it wants to fill the gap at 3678 if it breaks down here at 3725
Thanks J, yes saw his post on Twitter and am aligned with his thoughts ... let's see how the next 2-3 days play out.
$SPX - The timing band for the next short term high is 10/6-10/10. I expect a top on 10/10. I also expect that SPX will get to at least the 62% ret. at 3915 by Monday. If it rallied 9.6% 5/20-6/2 when it was less oversold than Friday, there's no reason it won't do that this time. pic.twitter.com/P7SNJDpp8T
— CyclesFan (@CyclesFan) October 4, 2022
Everyone is looking to short at 3825-50
I still think we burn the early shorts and go all way to 3954-60 where the weekly mid Bollinger band is.
Gap up above daily 20dma?
Jump the creek over 20dma at 3826 tomorrow and GO again for 3rd cowboy?
Bullish indeed!
We could get a "vicious" 10% bear market rally this week all the way to 3950 which is the 50% retrace from 4119 and where the weekly mid-bollinger is!
100 pt reversals
They took it 100 pts up from the overnight ES lows of 3560. You think they will go back down and do a liquidation break to test that level down again?
Thanks for sharing!
Doesn't state when the decision/minutes of that meeting would be communicated. Any ideas?
Wow, Nice ATH!!
Rally Time next week. Your VIX puts should do well.
Stocks May Rally Regardless Of What The Fed Says Tomorrow
https://seekingalpha.com/article/4542090-stocks-may-rally-regardless-of-what-the-fed-says?source=tweet
This guy had done his research & "hinted" right this weekend!
I have collected the average data on a basket of things that has an influence on the Consumer Price Index(CPI).
— HZ (@MFHoz) September 10, 2022
Do you think CPI comes in lower than expected for August(8.1% forecasted)?
THREAD 🧵
4258 is also the monthly midpoint BB that it back tested
Indeed strange action today ... Usually NDX is the first to close the gap but showing weakness today. Only the DOW closed the gap.