The index behaves uncertainly. Tuesday's rise turned out to be a sham.
Delta flows were negative or neutral all trading day.
The DIX showed a decline on the upside.
For a sustained rally we need to buy calls, which we are not seeing for the next few weeks.
Volatility sellers are not very active either.
VXX again took the lead in dark liquidity by yesterday's...
As expected, the BTC came to the zone marked on the chart. About the weakness of the cryptocurrency and the probable scenario of decrease in this area was pointed out almost a month ago.
At the moment, we have a reverse buyer reaction. Fixing above the block increases the probability of BTC growth with possible targets of 28-29k. Descent under the block increases...
The index is out of its weekly range, "reacting" to the ECB monetary policy decision and the CPI. It doesn't matter though, the news doesn't tell us much. The index was looking for a driver and it found one.
From yesterday's note
... "But it's worth noting that there have been purchases of VXX in the dark pools over the past few days and increased interest in...
The index continues to trade in a narrow range. From a previous review
... "Options traders do not look for high index prices and sell calls and buy puts when the price approaches 4,200."...
... "The 4,100 level is a trigger for rising volatility, and in Friday's session, volatility sellers successfully defended this level...".
Nothing has changed since then. We...
Greetings, colleagues!
Bitcoin is held in the 29k to 32k range and collecting liquidity. Correlation with SPX is high lately, which suggests that major moves should be expected after the quarterly expiry of VIX and SPX.
We have unclosed gaps on the daily timeframe above ~35270 and below ~24630. Probably in the second half of June we will see one of them fill and...
Greetings All!
On the eve of the VIX and SPX futures expiration we can expect a rather calm market. The main open interest and the maximum negative gamma is located at strike 4000, which acts as support for the market. The maximum positive gamma is located at the 4200 strike, which is the main resistance. Options traders do not look for high index prices and sell...
Analyzing the BTC chart, we can say that the best option technically would be to test the highs of late 2017-early 2018. This area is indicated by the white rectangle . Support of 29-30k is no longer relevant, after a price squeeze to 26k levels. No bright bounce followed, we see sideways movement and this usually indicates a retest of price to ~26k levels. I see...
