This could be a MM Cycle
1HR
Trending Parallel formed into a MM Cycle
Looking for max pain below $120.23 then a LG back into the channel, then a chop near the highs of the channel for a breakout
Option Chains
10/27 - 11/24 shows us that the majority of positions are short leading up to $126-127
Seasonals
Choppy throughout beginning of OCT - end of NOV with a slight pop leading into the middle of NOV
1HR
Trending Parallel formed into a MM Cycle
Looking for max pain below $120.23 then a LG back into the channel, then a chop near the highs of the channel for a breakout
Option Chains
10/27 - 11/24 shows us that the majority of positions are short leading up to $126-127
Seasonals
Choppy throughout beginning of OCT - end of NOV with a slight pop leading into the middle of NOV
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.