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Scary but also beautiful BTCScary but also beautiful! How is it possible? We see clear downtrend and now it’s confirmed also by Options Sentiment indicator at the bottom (both signals aligned - more volume in Put Options than Calls (orange vertical bars) & red background showing sentiment of Options indicator. Both are Bearish now. But when BTC will reverse (and it will happen somewhen in future) we have so many untested Virgin VPOCs to fill in! And believe me - Virgins are always retested 😉 Last but not least - check blue Volume Zone from VSA Scanner, where we’re close to its’ top edge. Reversal point? I am NOT entering Long (yet), but I keep closely observing BTC. Options combined with VSA are complete trading suite if properly used. I've created tools available for everyone which are universal (works on multiple types of instruments). Start getting your edge in trading today!
CME:BTC1!
by skyline-trader
3
Whispers from Options - BTCWe observe weakness/Bears dominating BTC market recently. Options Sentiment Indicator is giving mixed signals (overall we see bullish sentiment from Options traders but more volume is within PUT options still). 4 Virgin VPOCs are awaiting retest and are located above current price in comparison to 1 VPOC below current price - Bullish pressure area of 46000 is major/key level, worth observing from Options OrderBook of contracts expiring in 26 days (28th January 2022) - there are no strong resistance levels (!!) - Bullish pressure. However major support levels (a lot of CALL orders awaiting) are relatively low - 35,36 k on H4 we see multiple Demand Signals coming from VSA Scanner software near 46 000 level
CME:BTC1!
by skyline-trader
Cautious Optimism Into the New YearCautious Optimism best describes my feelings about how this santa rally will end. Santa Musk continues to mess with shorts as he unwinds his options Tranches. Is he done yet? who knows, but it's fun to watch. As for futures, a fairly balanced day yesterday. After the bull run we had, one should expect a cooling off period. If RSI on the 4hr bounces off 64.5 like it did in OCTs rally I would expect the sleigh ride to keep running through the new year. Overnight both Bitcoin and Futures were flat. Going into Dec 31, I was expecting weakness as a result of JPM trade But over at SpotGamma youtube he explains a different impact. twitter.com TLDW: Dealers will need to cover shorts on futures. Futures go Up... My expectations is flat today, then short squeezes and volatility into the new year. Maybe a few more all time highs My Observations. Not Financial Advice. Happy New Years traders. trade smart.
CME_MINI:ES1!
by SPYvsGME
Total Market ProfileVolatility Contraction Pattern Trade Closed I closed my Volatility Contraction Pattern trade yesterday before closing. 1 reason was that bitcoin started selling off at 12pm, and I’ll get to the reason later. SANTA RALLY Dec27 to Jan 3rd The Santa rally that started early (DEC20), continued into the overnight as the 3 am Buy the Dip crew continued raising the all time high bar that may continue as high as 4825 - 4865 Gamma Spotgamma is a great source for +/- gamma information. According to spotgammas latest tweet, all the indexes have shifted to positive gamma flows bringing even more contraction of volatility. Note that a lot of gamma expires in SPX and other indexes DEC31 and may trigger an early end to the santa rally. Bitcoin Correlation I added the bitcoin difference script to this market profile chart and started adding a dot plot on the monthly low of bitcoin. You will notice bitcoin bottom shares S&P bottom for the month within 12 hours DEC3-4 Compare days like DEC 13-15 and you can see the similarities. With that in mind, bitcoin broke trend with SPX at 12pm yesterday and began a 6.6% selloff. Market Profile Dot Plot I added a new dot plot to bottom of my market profile chart. The time dot plot shows the outcome of overnight 3am Buy the Dip and regular trading hours. The 2nd line is bitcoin. I will be adding some more dots for indicators like volatility, greed, skewness, put/call ratios, yield curve, distribution ranges and more. The general idea will be to create a total market profile that is easy to read and provides insight for the trading days ahead. My plan is to create a script that will automate the plots in realtime. Disclaimer Posts are my ideas and observations and do not constitute financial advice.
CME_MINI:ES1!
by SPYvsGME
Strategy & Analysis with Options Tool suite kitToday I would like to introduce you all to process of analysis step by step instruments with usage of Options Toolkit Suite. I wrote in my earlier posts what edge can give us data obtained from Options Market. So now let's jump into details and have step-by-step detailed guide. Firstly we need chart layout split to 3, as on three different timeframes we will perform analysis and monitoring for potential trade opportunities. Process follows: All starts on D1 timeframe looking for key levels - where we can check Eagle-eye view perspective. Here most important is Options Flow Sentiment indicator (at the bottom) where we look for blue background - it means equal Volume on CALL and PUT options aka Balance on market is set. From those moments in time we take close of the candle/bar - and this is our significant S/R Level. If there is level too close to another one, I skip drawing it just not to make chart too noisy. Continue on D1 timeframe checking Options flow Sentiment - also looking into sentiment indicator, I check firstly for green/red background. This is self-explanatory showing advantage of Bears or Bulls camps respectively. Then I am looking where is more money on Options flow put - if green line is above red line, it means volume of CALL Options is respectively bigger than PUT ones (aka Options traders put more money on Bullish move). In reverse works the situation for Bears, where red line is above green one. Check for Virgin VPOCs on M30 - I am looking for untested next day VPOC levels. Those levels are always retested by market = working like a magnet. The only question is when it will happen. It's convenient to know if multiple levels are below/above current price level in order to know the balance/pressure on the market. Also for Intraday Trading, if price passes one of Gamma Levels near VPOC, we can try to trade a move with target on Virgin VPOC. Mark Demand/Supply Zone on M30 - When we see multiple Bullish/Bearish candles in row so in other words strong impulse on market, I am looking where this move began. When I identify it, first reverse candle before this impulse sets range of Zone. Ok so jumping to example: in case of strong Bullish impulse, in the place where it started I am searching for last Bearish candle before start of this impulse. This candle's High and Low are marking range of the zone. After setting up zone, I am waiting for First Retest of this Zone . In case of Demand Zone (bullish impulse) I play in case of retest Long, in case of Supply Zone (bearish impulse), I play in case of retest Short. Very often we also can observe confluence, where within Zone or in close neighbourhood we will also have present one of Gamma levels. In case of Zone fail during 1st retest, this is also major signal but in direction of breakthrough zone. Intraday Setups on M15 - Gamma Levels are marking key levels for observation. In general breaking through Gamma level is a signal for potential trade with target on next Gamma Level. Very rarely are passed levels Extreme Low and Extreme High of the Day which are setting typical maximum expected range of the day. Breakthrough Gamma -1/+1 is a signal of anomaly and typical for Trend Day. So if this level won't hold, then I play in direction of breakthrough. Another setup is bounce from Gamma -/+ 0.5 which is often very strong Intraday Level. In case of observed bounce back, target of the trade is Pivot (mid between Gamma -0.25 and +0.25). Additional confluence factors - I am looking not for quantity, but for quality in case of trades - that's why I take opportunities which are having in common more factors aligned in direction of trade that I plan to take. Therefore when Gamma Level is passed and I have relatively close Virgin VPOC is one additional example. Another one would be Gamma level within or in close neighbourhood of Demand/Supply Zone. Last but not least - VSA Scanner Signals. When I see before Gamma level Demand (signals below candle/bar) or Supply (signals above candle/bar), it can add me additional confluence factor or sometimes push me to avoid taking this particular trade - when I expect Bullish move but I see instead Supply signals.
NYMEX:CL1!
by skyline-trader
2
Options Medium-term Week Review Let's jump to analyse the data from Options market and scan main markets from D1 timeframe perspective: DAX - opposite signals from Options flow, as in general we have recently present Bullish sentiment for last 3 sessions, but Option Volume flow still points to Bearish signal (as PUT Volume aka red line is higher/above CALL Volume aka green line). Virgin VPOCs are present on both sides - so above and below current price level. On last session DAX broke significant S/R Level (identified by balance point where PUT and CALL Volume were equal - my indicator is pointing such moments in time). As long as we're above 15616, price should go in direction of Virgins on 15907 and 16165. However careful observation is required further on German Index. S&P500 - Bullish sentiment from Options flow appeared recently and CALL Volume is increasing in comparison to PUT Volume - when green line moves above red line it will confirm fully Bullish sentiment. On the other hand we have multiple Virgin VPOCs levels below current price, what add odds to Bears Camp. Major Support Area is 4477.75-4507 zone. Gold - from quite a long time we see Bullish sentiment from Options Flow and PUT Volume should be soon lower than CALL Volume what adds confluence to Bullish move. Major Support zone is now 1783.5-1795.3 while still we have multiple Virgin VPOCs to retest above current price Level. Gold should climb up in the area of last major top on D1, around 1875. Oil - Bullish sentiment from Options flow and recently PUT Volume reached balance vs CALL Volume. It opens road for up move. Currently we're on major resistance (73.79) so small correction could appear, but overall Oil prices should continue climb up. Next major resistance is on 78.45 Just for reference, blue lines are Virgin VPOCs and red lines are major S/R Levels marked in moment of time where PUT Volume was equal to CALL Volume from Options flow. Options are giving us a big edge, when only we can properly analyse the data coming out of this market. My tools are analysing it and display end-results in fully objective way for newbie traders as well as for experienced ones. Please bear in mind, I am not predicting future but write assumptions only that can happen but doesn't need to. Trader need to be prepared for different scenarios.
COMEX:GC1!
by skyline-trader
What is going on with SPYBefore i start posting my trade ideas and charts , wanted to post this quick as its pretty current. I trade Options and the underlying. Before I make any decisions on what to trade and how to trade it, first i need to understand what is going on in the Meta indicies and how Options are positioned. This well help me understand the type of Vol to expect and what type of strategies i should be using. Heres a quick birds eye view on how SPY has been playing out
AMEX:SPY
by Jgooodman
1
Bitcoin situation based on Options flowBitcoin is trading recently in clearly visible Trading Range, keeping investors nervous and asking question - is it Distribution or Accumulation? From Daily Timeframe we see in general Positive/Bullish sentiment from Options Traders, but it's not fully confirmed by the market yet. Going into more detailed M30, we see recent signals of incoming demand to the market identified by VSA Scanner in form of Selling Climax and Climactic Shakeout. Also Volume Area (blue rectangle on the chart identified also by Scanner) is retested from the top (top edge on 45945) what adds fuel for Bulls. From Daily Chart we could observe also equal ratio of Put and Call options what happened several times on level 46105. This is currently our major support which needs to be kept if Bullish tendence should continue be present on BTC. From Related Idea about BTC, you can remember that level 50000 is strong Put Wall. Billions of dollars are loaded into Options with Strike Price above 50k. Around area of 50k also we have present Supply Zone (red rectangle), therefore we can expect Bullish run up to that level, then correction most likely to happen. And here will come decisive moment for both camps - Bulls and Bears. We also have present Virgin VPOC on 54890 from beginning of December, what is another confluence factor for Long. And what only worries me, is Virgin VPOC from 30th September on 43100, which is the level below the current price (for the moment of writing analysis). Let's make some popcorn and see what happens next ;) Here comes handly VSA Scanner script, which will at earliest possibility warn us before potential Supply signals and Bears entering the market.
CME:BTC1!
by skyline-trader
TSLA into Dec OPEX with 38% of gamma expiring FridayTesla $TSLA has 38.25% of gamma expiring this Friday Breach of 908/900 would fill gap lower to 895. Previous upside nine from Jan 885 could act as support. 875 is a previous upside nine on the daily from Oct 18, bottom of that range is 850/843 and lower Fib support is near 815. MACD / RSI currently over sold with ATR expanding after selling volume came in after recent ath print. It is worth noting that major players, institutions and commercial traders are avoiding the over head risk of Elon Musk selling shares. We would want to see bulls hold these support levels and then we could focus on upside resistance as key levels to break. Depending on repositioning in the market post Dec OPEX we could see the stock reverse or continue the price downgrade cycle. With interest rates expected to hike + EV names being generally expensive in the market, anything can happen. It is best to size light and play Tesla with profits, always expect 0 if trading weeklies and try to enter at key levels. Best of luck trading! When the stock doesn't hold the level containing the largest OI (1000 strike) You see dealers start to offload shares as the otm calls become less risk to them.
NASDAQ:TSLA
by Freshly_Snipes
1
Options Data forecasting turning points and key levelsOptions are major weapon (if properly used) in toolset of Trader. Billions of dollars each day are floating on market and speculation here is an art. Art performed by Big Guys (aka Smart Money), where funds are often significantly higher in comparison to Futures Market. With help of Machine Learning algorithms, I load Options Flow data, parse and analyse it and extract to Quandl Dataset. From there, I load it via API to Tradingview and display results in indicators. And I trade with edge instruments from Futures Market. This data doesn't need to be always used on Intraday timeframes. We can't forget about Big Picture aka Context. From D1 timeframe alongside with properly parsed Options Data, we're able to identify real key levels (not by using Price Action but by using Balance Points, where Volume of CALL options is equal to Volume of PUT options) - marked on DAX chart with red horizontal lines. Those are close prices of candles, on which indicator identified Balance Points (blue background on indicator). Demand always is trying to reach balance with Supply - therefore that's why it's even more important to observe such levels. I personally love to play retests of those levels and breakouts - especially when they happen after at least few days since initial Balance Point. We can't forget about Pressure. Who is dominating at the market? This is the question that traders are asking themselves each session. Based on multiple factors, like: Put/Call Ratio, Strike Prices and Expirations of Options, Volume put on Options, Type of Options (ATM, ITM or OTM) - Machine Learning is allocating weigh ratio to those factors and return result identified on indicator by green/red area. Bigger Area show stronger Imbalance on market (aka one side dominates the market). We have so many data around us, sorry - tons of data! We are unable to parse it and get insights manually. Here Machine Learning comes handy. I encourage you to deep dive into Options Market and combine it with picture, that Market draws you via chart. Market is based on emotions, so play what you see from moves of Big Players - which in majority believe me - are present on Options market.
EUREX:FDAX1!
by skyline-trader
Options flow are whispering on BTCThe Options Market can inform well in advance about movements that are yet to happen in futures contracts. Looking at the Options with an Exercise Date (expiry) in 22 days at the time of writing the analysis, the conclusions are quite loud and clear: 50,000 - Put Wall level, that is support with 2 times more capital than the other levels 60,000 - Call Wall level -> resistance 65,000 and 70,000 - successive resistance levels We also see some Virgin VPOC points from the past, which only adds strength and confidence to the Bitcoin bullish prediction. All data and levels are based on BTC quotes from CME. I am puzzled by a very large capital located at the level of 50k $ - someone really cares to defend this level at all costs. There is still time for it, so it's worth watching how the situation develops;)
CME:BTC1!Long
by skyline-trader
2
ES/SPX Weekly Plan | 12/5 - 12/10It's going to be an extremely tough week to trade ES. There is no clear directional sentiment. I'll point out arguments for each side: Bullish sentiment: - We saw some VERY aggressive buying (and selling of SPX puts) on Friday near lows. in a normal market, the sheer volume and intensity of these trades would have been enough to call a bottom. - VIX is at absurdly high levels and statistically is bound to revert to its mean - The 5 day MA of the dark index/GEX ratio is extremely bullish - Seasonality is bullish this time of year Bearish sentiment: - Crypto sold off heavily this weekend, pointing to investors going risk-off mode - TLT is soaring, indicating investors are fleeing to safe haven bonds - We are of course still in negative gamma territory as well, which will force dealers to add fuel to the fire, especially under the absolute gamma level (4500) There are many bull and bear target areas on this week's plan because it is an absolute toss up in terms of which way things will go. My pivot for tomorrow is 4560 - depending on where it opens during regular trading hours will dictate possible trades. My pivot for the week is 4615. I think we need to hold this level for more upside. Volatility should also subside a bit since we'll be over the volatility trigger at that point (4595).
CME_MINI:ES1!
by Zeal_Trading
ES/SPX Weekly Plan | 11/28 - 12/3Last week was super interesting on multiple fronts (Powell sticking around, new Covid variant, etc.). Despite seeing a big risk-off movement due to Omicron strain on Friday, we are long-biased going into this week. Here is why: 1. There was **heavy** dark pool activity in SPY 2. The sell off on Friday pushed dealers into a huge negative gamma position (appx. -$1.4 Billion). When we see high dark pool prints AND low gamma prints, this very often leads to a reversal 3. VIX was sent into orbit on Friday, closing just under 29 (plenty of room for a VIX crush rally). Additionally, there was large amount of dark pool activity in SVXY on Friday (which is short VIX). Since we're long-biased, our ES plan is pretty simple: 1. Would love the opportunity to get long in BTD 1 area. I will look to get 4600 calls for end of December or January 2. I want to see a close above Bull Target 1 area for more upside. If we fail to close above early this week, we likely will need to change our bias 3. If we do close above Bull Target 1, retracements back into Bull Target areas can be used as long entries. Note: this is purely based on technical analysis. Any news around Omicron being vaccine-resistant (for example) will likely have a huge effect on the market and will take precedent over this analysis.
CME_MINI:ES1!Long
by Zeal_Trading
2
Weekly Analysis 29th Nov - 4th Dec - horizon after Black FridayFriday's Black Friday introduced significant valuations also on the markets and we met with large anomalies also from the perspective of the Option flow, which we automatically analyze with our software. While we observe a strong directional movement already during the Globex session, it is not worth fighting the trend and it is much safer to try to join it wisely. Anyway, the Gamma Intraday strategy assumes that in the event of breaking the extreme level, we do not fight the trend but try to join the movement. Gamma -1 was broken in the markets during the Overnight / Globex session. From a medium-term perspective, it's worth going back to the Virgin VPOC levels to assess the potential for moves. The market will try to retest them, the only question is when it will happen. Let's look at the situation on the main instruments: DAX - a clear downward trend that was deepened during Friday's session. The price is close to the 14946 level, so it should be retested sooner rather than later. The remaining Virgin VPOC levels are above the current price, showing upside potential on the German index - starting at 15,909 with a potential to 16,158. S & P500 - Friday's panic on the American stock market may only be the beginning of the sell-off. It has been known for a long time that the FED has been pumping sky-high amounts of money for a long time, which causes continuous increases in the S & P500. From the Virgin VPOCs perspective, there is a lot of potential for declines through 4471.50, 4310.25 and ending at 4234.25. This does not negate long-term gains, but it is definitely worth keeping an eye on the downside opportunities. Gold - despite declines in the main stock exchange indices, we would expect gold to increase significantly in line with the inverse correlation. However, we saw a moderate drop in price on Friday's session and only the end showed the demand entry. Relatively close is the 1763 level, one of the Virgin VPOCs below the current gold price (at the time of writing). The growth potential of Gold looks much more interesting due to Virgin VPOC points at 1817.2 through 1863, 1875.7 with potential at 1885.2 Crude oil - a clear discount on "black gold" on Black Friday, which will surely please drivers at gas stations;) From the perspective of potential, there is a lot of room for growth, with the price reaching 81.37 and 84.22.
EUREX:FDAX1!
by skyline-trader
Options flow predicting moves on Derivatives (Futures)Options have been and are an important instrument on the financial market for a trader trading Intraday Futures. Therefore, while exploring the mechanics of the option market over the last several months, as a result of work, indicators were created that load data from Quandl and then look for patterns that may herald a change of direction on the derivative market - in this case Futures Contracts. There are two main types of Options: CALL - allow their owner to buy a given product in the future at a predetermined price (Strike Price) PUT - allow you to sell this product at a predetermined price (Strike Price) By observing the market volumes of both types of Options, we can observe the sentiment of investors. The key factors are which volume (call or put) prevail in the volume and the dynamics of the volume - what is the trend on volume, whether the difference between them increases or decreases. In addition, the Put / Call Ratio analysis allows you to confirm or negate the signals from the Option volume. The Ratio indicator behaves inversely to the price movement - in the case of a bearish sentiment, we expect the ratio to increase, and in the case of bullish sentiment - the indicator should decrease. If the Ratio follows the price in the same direction, it is an anomaly. Of course, the mere observation of the Option volumes and the Put / Call ratio is not sufficient, as the Options Market is a much more complicated activity. It is worth including in the calculations such factors as Expiration Date, Bonus Amount, option type (In the Money, Out of Money or At the Money). Not each of the factors is equally important, therefore the key is additionally the appropriate selection of the weighting factors. For this purpose, due to the multitude of data, it is worth using Machine Learning, which I also do by saving the resulting data in a dataset in Quandl and displaying the data in TradingView using Pine Script. Below are some additional examples from recent sessions on ES showing the predictive nature of the Option sentiment, often preceding major movements in the ES index (during the spot session): First, from the left, the session from November 15 is shown and an opportunity to play Short. On the right, the session from November 16 and an opportunity to play the Long position this time. Session from November 10, where we first got the Bull's signal, and at the top we got a warning signal of traffic reversal and the possibility of entering Short: And one of my favorite moves on November 3:
CME_MINI:ES1!Education
by skyline-trader
SNDL LONG timeIts been a long time coming, shorts are fighting hard for this stock. the short interest is very high 275,000,000 shares. Weibull has no put a max buy limit of 7500 shares. The last time this happened was on AMC. the float is 115% bought 15% short 275,000,000 shares the company had a 20% good news spike on the purchase of alcanna liquor 171 stores making SNDL now the largest pot retailer Its also time for market swings to happen into pot sector. 500m+ balance sheet, and no debt, highly profitable. they are ready for the next bullish run to 10-20-50-100$ plus, as this is a bank pot grower, distributor, liquor distribtor and more.
NASDAQ:SNDLLong
by UnknownUnicorn3570385
22
DAX on beginning of new week - based on Options Flow (Gamma)Going to the right, DAX tests investors' nerves and endurance. What can the beginning of a new week bring to us? Overall, we are high in the context (which does not in any way negate further increases for the sake of clarity!). Below the current price level, we have several Virgin VPOC levels, which even extend to the region of 15,200. But the only thing is that EVERY time the index will return there. Not necessarily now;) In the context of Intraday trading, breaking the Gamma +0.25 level determined automatically based on the Options market - gives the opportunity to play a Long with a target of up to Gamma +0.5. We play it carefully because of Dax's trailblazing in such high places. The exit to Gamma +0.5, because as you already know from previous analyzes, this is a very strong Intraday resistance level. Similar to playing Short as a mirror image of the described move - after Gamma -0.25 goes down, there is an opportunity for Short. Target is Gamma -0.5 (again - strong Intraday support level), but this time we are watching whether there will be a price reaction and a rebound - another opportunity for Long as the Gamma -0.5 level is in the volume zone determined automatically by VSA Scanner. According to the Gamma strategy - a bounce from Gamma -0.5 most often ends statistically at the Pivot level. Another trading opportunity is a price breakdown at the level determined automatically - Extreme Low of Day (determined from the Options and Volatility market) with the target at the extreme Gamma -1. Here, we also expect a price reaction and a position reversal in Long, where the presence of the volume zone (determined by the VSA Scanner) is an additional strengthening of the signal strength. The Options Market helps forecast movements that are yet to come in derivatives (including Futures Contracts). Therefore, it is a powerful weapon in the Trader's arsenal and is available to everyone;)
EUREX:FDAX1!
by skyline-trader
Between Rock and Hard place - Gold (based on Options flow)An interesting situation on gold as the price is between the relatively closely spaced two Virgin VPOC points. After reaching the local low on Friday, gold is systematically making up for losses by climbing up. The closest opportunity to join the intraday traffic north will be a Gamma breakthrough of 0.25 or the observation of demand around this Gamma (as clearly shown by the VSA Scanner in real time). The 1804 level will have a magnetic effect on the price and this move is based on the retest strategy of this level. Then a bearish reaction is expected, which is additionally boosted by the Gamma 0.5 level (determined on the basis of the optional flow from Gamma Levels). And according to Gamma's strategy, the price reaction to this Gamma most often brings you back to the Pivot point. The zone below the current price (at the time of writing the analysis we operate around 1795) is one large volume zone (designated by the VSA Scanner - blue rectangles). Nevertheless, Shorty can be played after Raising Gamma -0.25. Securing the position at Gamma -0.5 and further observation of the market reaction to this level, which, as we know, is a very strong support for Intraday. If we break the level of 1786 (an opportunity for latecomers to join the relegation movement), then the Virgin VPOC at 1779.4 should work magnetically, after which we expect the reaction of the Bulls.
COMEX:GC1!
by skyline-trader
Looks like we've got another mystery on our hands.Hey, you guys, look, I know I'm just the dude that carries the bags. If you want to know what happened with GME in January watch this . Most interest to me is the selling of puts It's good to get a basic understanding of Gamma and Vanna exposures for market makers. The important takeaway is "market makers who are long puts, or long gamma, By knowing how market makers will be forced to delta hedge according to changes in price, one can implicitly know where market makers will need to place buy and sell orders" In the video at 4:14 in the video explains why GME has been following the patterns I followed in this chart At this point, I'm fairly certain GME will remain around 180 until Nov15-19 and possible through to the end of the 1yr is when the market makers pnl profile will change to meet the end of 1yr options contracts. so much for free market price discovery. Just wait until you see what I have in store for my next mystery.
NYSE:GMELong
by SPYvsGME
Bullish runs on GoldIt is unusual in the morning that such analyzes happen to me, like the one on gold today. It is a laborious climb up the hill, but with frequent pauses in the form of lateral movements. However, from an Intraday perspective, we only see Bull Bargains on the chart. Starting with the closest price opportunities (at the time of writing the analysis) - the Gamma -0.5 level being on the edge of the Volume Zone determined by the VSA Scanner, which according to statistics on defense / reaction gives a rebound to the Daily Pivot Point. If the price goes lower (which does not negate the scenario with a rebound on Gamma -0.5, because the price may first implement the scenario of a rebound from Gamma -0.5 and then drop more) - at the levels 1793-1794.7 we have a convergence zone determined by the Extreme Low of Day (determined from option movement by Gamma) and yesterday's Low of Day - and thus another opportunity to Long. Last but not least, we also notice a demand zone that is below the extreme Gamma -1 (which would mean a market anomaly) - but this is another opportunity for Long. As for levels above the current price on gold (at the time of writing the analysis), the opportunity to Buy gold will be a breakthrough of Gamma 0.25 (or earlier Demand indications from the VSA Scanner). Happy Trade!
COMEX:GC1!
by skyline-trader