volume profile certainly changed with all the 3000 buying
last week the defense of 3000 lowered the volume profile at the 2950 level, and the POC is now up at 3198 (45min from May low)...quite the bull trap in hindsight. need to get multi day profiles on here some how. would have shown the change.
if we break lower now....2800 seems more likely, with a pause at 2950....that would create some max pain on the opex OI.
not taking a position here. prob closed the 6/19 300p a little early, but still took a nice profit on it.
I'll be looking for support to grab a relief rally.
if we break lower now....2800 seems more likely, with a pause at 2950....that would create some max pain on the opex OI.
not taking a position here. prob closed the 6/19 300p a little early, but still took a nice profit on it.
I'll be looking for support to grab a relief rally.
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