$SPDR S&P 500 ETF (SPY.US)$ +ANOTHER BEAR GAP! • Market gap...
• Market gapping down every day and slow grinding higher into close.
• Last 4 hours looked like good level of Compression with $CBOE Volatility S&P 500 Index(.VIX.US$ being crushed and to move big for tomorrow, followed by OPEX triple witching.
• The question here is, did the bulls purposefully leave the bear gap open? Leaving it open and gapping above can create an island bottom reversal and holding it going into OPEX next wee can target the island top. • The flip side to look at it is bulls were not strong enough to fill the bear gap which the bears have chance to look at the bull gap fill at 440.
• Sticking to the levels, if we gap above the bear gap opened today bears are toasted with the first target at 447.
• Losing 444 is 440. Very easy play on PUTS. Market is on a day to day move for trading. Can't be swinging anything on weeklies. You might get lucky but hard to play right now. What the market needs is a strong signal and I think it is close. We are close to seeing it and can size up. Flow remains bearish on $Apple(AAPL.US$ but also seeing PUT selling into 9/15. $iShares Russell 2000 ETF(IWM.US$ has been seeing repeated bull flows over 2-3Mil on different strikes into next week.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
72799578 Sassy : learning