Nq - Short Interest / Gamma Squeee July 15 - July 21Call Buyers were able to earn off the July 15th Gamma Squeeze
into the Day prior to Expiry July 22nd, Friday.
Wall Street managed a near-perfect Trifecta on the move, flipping
the trade on its head into the Close Thursday.
Overbought Conditions moving into Friday assure the Squeeze has
a higher probability of Reversal.
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Kick 'em when they're down, kick 'em when they're up.
Perfection in Grifting MAximum Sh_t Mix
Algebra, brah... simple, basic Math that provided hope for the
Bulls and anxiety for the Bears.
It's a Counter-intuitive Trade on balance and what Traders need to
anticipate when we see large overbought readings for NQ.
We had that event with the Highest RSI of 2022 for NQ leading
into the TOSS.
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Aggravating - these perfect Pivots from Port to Starboard. The Boat
Tips and sends the mixed into the drink. Wall Street's Algos have become
extremely adept at siphoning off each and every spike in Liquidity within
the Options expected ranges.
This makes it difficult to determine exactly what they are doing on a
Weekly basis until Extremes are reached.
Unfortunately for most Options traders, the Pre NYSE has provided the
exit on Fridays if you are on the opposing side of the Ship.
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At present, it's a Holeshot range until the 2nd test of the recent highs
or an outright collapse to lower lows over the coming days to a week.
