Los
3.9K posts
@SPDRKing
Obsessed with family, motocross, and trading. In that order. Sometimes posting trading thoughts intraday. NFA.
Nice bounce off that put trigger, back to green. We also have a bull div forming on the hourly. Usually a strong signal for the bulls. $SPY $SPX $QQQ $NDAQ $BTC $VIX $NVDA
Bouncing off the put trigger. Perhaps it'll find it's way back above the put wall of $735. I imagine no more upside unless it can rally $735. $SPY $SPX $QQQ $NDAQ $BTC $VIX
Nope, don't think the bulls are going to hold it, not holding $735. $SPY $SPX $QQQ $NDAQ $NVDA $BTC $VIX
$735 gotta hold, big put wall. Also, there's a little trend forming from yesterday's AH, price needs to find its way back up in that trend. Still like the long trade, but the bond auction prob scared people. $SPY $SPX $QQQ $NDAQ $BTC $VIX
I closed all shorts, and opened some longs here. If this is not a H/S pattern, going to cause a lot of panic buying soon, i bet. We held key hourly levels. So let's see it bulls. Still not out of the woods. $SPY $SPX $QQQ $BTC $VIX $NVDA $TSLA
5Y auction high yield 4.200%, WI 4.193%, 0.7bps tail; 8th tailing 5Y auction in a row
$SPY hourly rejection right at the 55. Think we may have a hard rejection here. I picked up some shorts at that hourly 55. We're also under yesterday's hourly close... So multiple things to work from.. $SPX $QQQ $NDAQ $NVDA $BTC $VIX
$SPY analysis: We're nearing the top of the hourly that rejected yesterday. Be aware of this. I like the upside trade still, $NDFI was green yesterday and over 50. But there's a lot of negative gamma, so I don't trust this move yet. $SPX $QQQ $NDAQ $BTC $VIX
Negative exposure under spot on $SPY this morning. $735 is once again support, with considerable negative exposure there. Under $735, a move lower could be worth taking; less interested in upside unless the structure changes considerably.
New hourly, and it's attempting a bounce right at that hourly spot. Still interesting. This is the level I'm watching this last hour. $733.84. Above, probably good, below, probably bad.... Early June had demand here, not sure it's still there. $SPY $SPX $QQQ $NDAQ $BTC $VIX
7more min, but it's looking like it's going to fail an important hourly level. Could get ugly from here. $SPX $SPY $QQQ $NDAQ $BTC $VIX $NVDA $TSLA
