Bulls Need to Hold 395.90
Updated
Bulls Need to Hold 395.90!
Update from this weekend idea.
As I outlined in the weekly review. Choppy, slow grind up.
Volume and volatility were compressing nicely until the Oops Missile at 1pm yesterday.
Bulls need to hold 395.90 to keep this bear rally alive.
VixEx Today
OpEx Friday.
May be some red over the next few days.
But bulls need to buy this dip to stay in the Jam Bands to test 200D
A reminder we are still in this Quarters Window of Weakness through the 1st week of December.
The big JPM hedge equities weakest flows in terms of Gamma per point move.
So even though all funds are positive.
The positive flows are not strongest to keep the up and to the right momentum going.
Update from this weekend idea.
As I outlined in the weekly review. Choppy, slow grind up.
Volume and volatility were compressing nicely until the Oops Missile at 1pm yesterday.
Bulls need to hold 395.90 to keep this bear rally alive.
VixEx Today
OpEx Friday.
May be some red over the next few days.
But bulls need to buy this dip to stay in the Jam Bands to test 200D
A reminder we are still in this Quarters Window of Weakness through the 1st week of December.
The big JPM hedge equities weakest flows in terms of Gamma per point move.
So even though all funds are positive.
The positive flows are not strongest to keep the up and to the right momentum going.
Note
395 is going to be my pivot for a retest of 20D.Note
Zoom out to 1D does not look good for bulls.Note
There is the squeeze on VWAP.easy sell all morning. Is it squeeze now or trap?
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