NQ - 15M Minute Range GLOBEX / RTH
Facebook reports tomorrow after the Close, Options tomorrow to 300 should
be observed closely.
FB forceful effort to reclaim prior Highs essentially Failed on Friday.
Grant it, there was a heavy Calls prem to remove from the Gamma Squeeze
Herd in a number of Equities - GOOG, AMZN, and a great many others.
Friday cleared the option writers Risk by running the table on both Puts and
Calls.
On balance, Writers will be looking for further Revenge Trades this week.
It is important, as the DOM or Depth of the Market (also referred to as
"Points of Control" by the latest generation of Gurus selling Newsletters,
Strategies, Trades, and free riches) are influenced by Gamma.
The NQ performed this feat in SUM quite well.
The ES did a far better job of holding its own, Sellers were not frankly present
to a large degree, 4505 held firm with a 10 handle FR.
This week is an entirely different creature with immense VX being anticipated
ahead of the most important FANGS providing their brand of color commentary.
For the NQ the DOM is chopped at several levels, the ES is far more concentrated
above 4515 to 4524.
The past week has seen relative weakness in the FANGMANs...
Whether there is more negative Price action to come for them or the INTC action
will depend on one element...
Which Trades First on the MIcro Timeframes.
be observed closely.
FB forceful effort to reclaim prior Highs essentially Failed on Friday.
Grant it, there was a heavy Calls prem to remove from the Gamma Squeeze
Herd in a number of Equities - GOOG, AMZN, and a great many others.
Friday cleared the option writers Risk by running the table on both Puts and
Calls.
On balance, Writers will be looking for further Revenge Trades this week.
It is important, as the DOM or Depth of the Market (also referred to as
"Points of Control" by the latest generation of Gurus selling Newsletters,
Strategies, Trades, and free riches) are influenced by Gamma.
The NQ performed this feat in SUM quite well.
The ES did a far better job of holding its own, Sellers were not frankly present
to a large degree, 4505 held firm with a 10 handle FR.
This week is an entirely different creature with immense VX being anticipated
ahead of the most important FANGS providing their brand of color commentary.
For the NQ the DOM is chopped at several levels, the ES is far more concentrated
above 4515 to 4524.
The past week has seen relative weakness in the FANGMANs...
Whether there is more negative Price action to come for them or the INTC action
will depend on one element...
Which Trades First on the MIcro Timeframes.
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