Last week saw market consolidation, with both the SPX and ND...
Last week saw market consolidation, with both the SPX and NDX inching up less than 1%. A sudden Wednesday drop during VIX expiration erased gains from Friday to Tuesday, with only a partial recovery on Thursday.
While news blamed the 0DTE, our understanding points to VIX expiration and dealer positioning. The dominance of 0DTE in the options market makes deciphering options flow and its impact on market positioning by dealers and market makers crucial in 2024.
The current price action echoes July 2023, setting the stage for a three-month downtrend into November. We accurately predicted that top, navigated relief rallies amid the decline, and pinpointed the bottom on October 27th. Can we successfully anticipate this potential top again?
Join us in this video for a deeper dive into these market dynamics!
As always, trade safe and invest wise!
Subscribe to my YouTube channel for your weekly market outlook and technical analysis videos!
$CBOE Volatility S&P 500 Index(.VIX.US$ $ProShares Ultra VIX Short-Term Futures ETF(UVXY.US$ $E-mini S&P 500 Futures(JUN4)(ESmain.US$ $E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$ $Invesco QQQ Trust(QQQ.US$ $SPDR S&P 500 ETF(SPY.US$ $S&P 500 Index(.SPX.US$ $NASDAQ 100 Index(.NDX.US$ $Tesla(TSLA.US$ $NVIDIA(NVDA.US$ $Alibaba(BABA.US$ $Apple(AAPL.US$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Search Investing 101 channel for my YouTube! Subscribe to stay ahead of the market with my weekly videos!
12KFollowers
7Following
79KVisitors
Follow