Mr. President. Please don't forget to start 2nd round of kinetic war with Iran after fooling everyone with perpetual ceasefire. Also make sure Barron is short S&P futures before you tweet about it. Thank you! 🙏
Now, structurally, what I want to see today is a close below 6837.50 $SPX or even below 6825 $SPX & $ES $ES_F
Liquidity is there as positioning also showed.
Now the thing is, that a close like that would not break the structure of the "path of liquidity" that was built during the November dip (unlike sub-6800 $SPX), but would increase the odds for a retest and gap fill around 6775 (even 6750 $SPX).
An event like $VIX expo and Thursday #BoJ press conference is good opportunity to bid #volatility for that, and #OpEx can re-supply the #market with supportive liquidity.
(The rate hike is priced in and nominal GDP + forward EPS look strong, not being #bearish on it, but handle as a temporal risk)
From risk management perspective I want to see the Nov26 gap to be filled, in order to prove that liquidity is there.
I can see it in the positioning that #market protects that zone, and also this gap is not a black hole by any means, still it would give way more confidence to size up on EOY positions.
Yesterday, huge profit was locked from Nov20 longs🟢 still holding them, and gonna size up, especially if the retest plays out... otherwise I wait until Dec22 week.
In the next Sunday post, I will break it down, what the #market expects in terms of structure.
#stockmarket #riskmanagement #optionstrading #spx500
ICT out here fear-mongering about “they control the open” like he’s ever seen a real futures fill in his life.
CME doesn’t pick a price. When Globex comes back online, NQ opens at the first executable match or through a restart auction built on resting liquidity and volume-maximization. Mechanical. Transparent. Not mystical.
Real traders understand the CME matching engine.
Paper trading gurus make spooky tweets for people who don’t know better.
Pure retardation from ICT. No surprises there.
Hard to understand markets when you only trade paper after getting smoked nonstop in your AMP account.
And if I’m wrong about that, I’m sure he’ll have no problem posting his AMP statements.
@KirasEpicTrades $PLTR probably gonna get a lot of govt contracts this year. This is probably a minor pullback, very likely headed for a $50 dollar rally this year. Still holding puts 🎯