Short and Long Iron Condor QQQ 05 May 2022We can estimate with a 79% confidence that the volatility for today is going to be below 2.24%
For this the market will stay within
TOP 337
BOT 322
At the same time We can estimate with a 86% confidence that the volatility for today is going move more than
0.41%
For this the market will stay above the
TOP 331
BOT 328
From the fundamental point of view, yesterday we had the release of the interest rates, so I believe currently we are in a short relief moment, where we can have for some days/weeks a small bull trend
For today we have no big volatility news, so we cant expect big surprises.
Having said that we have 2 different ways of trading for today
IRON CONDOR for the first option, with the 337sell 340buy Call / 322sell 319buy Put
Reverse IRON CONDOR for the second option with 330buy 333sell Call/ 328buy 325sell Put
Neutral
Short and Long Iron Condor SPY 05 May 2022We can estimate with a 86.4% confidence that the volatility for today is going to be below 1.75%
For this the market will stay within
TOP 436.6
BOT 421.5
At the same time We can estimate with a 86% confidence that the volatility for today is going move more than
0.33%
For this the market will stay above the
TOP 430.4
BOT 427.6
From the fundamental point of view, yesterday we had the release of the interest rates, so I believe currently
we are in a short relief moment, where we can have for some days/weeks a small bull trend
For today we have no big volatility news, so we cant expect big surprises.
Having said that we have 2 different ways of trading for today
IRON CONDOR for the first option, with the 436sell 439buy Call / 421sell 418buy Put
Reverse IRON CONDOR for the second option wiht 430buy 433sell Call/ 427buy 424sell PUT
Current state of BTCTechnical outlook
BTC is currently trading in an upwards channel that could be interpreted as a bear flag. BTC is trading firmly under the 200MA and has just gotten a short term rejection off of the 50MA. As such; breaking this channel to the downside could potentially lead us down into the next support zones. The next main key levels outlined on this chart are the $35,000 and $30,000 level which are two large psychological levels that have acted both as support and resistance in the past and may offer support again.
There has been news of large spot buys however, which could provide additional bullish sentiment. Given the high volume of news in the upcoming weeks with FED speeches, large company earnings etc. it's crucial to keep low leveraged and wait for a clear and concise entry point whether BTC continues its downward momentum or makes a run for higher levels again.
Tesla Rallying Up?If you look at the Tesla charts on the long term then you will see an obvious resistance, which I have drawn in the chart. In the past you can see that once the Tesla price approaches the resistance it tends to stay close to the resistance for awhile and then jump up. You can also see that when the 1W MA50 (blue line) and the 1W MA20 (orange line) converge the jump is about to happen.
Something to look out for is if the 1W MA50 (blue line) and the 1W MA20 (orange line) cross over. If they crossover it is a strong indicator that the trend is reversing and then the Tesla price won't jump up but will break through the resistance and go down.
XAUUSD DAILY BIAS : M.I.X.E.D 🤹♀️🔱 GOLD TRADE IDEA 🔱
BIAS: Mixed
FUNDAMENTAL BIAS: Mixed
Golds status as and inflation hedge & safe haven is served as a double edged sword.
INTEREST RATES: Central banks worldwide are looking to increase rates faster- putting bearish pressure on non-interest bearing gold.
- (however not all central banks like Japan & Europe)
SAFE HAVEN: The ongoing war between Russia & Ukraine should keep losses in check.
Therefore I am more tilted towards bullishness of gold.
TECHNICAL BIAS: Mixed
Price is on a bearish momentum.
Price can potentially dip from its first resistance level at 1965 towards 1915 in line with horizontal swing support.
Areas of interest:
H4 timeframe, resistance at 1965
H4 timeframe, support at 1915