Neutral
Short and Long Iron Condor QQQ 05 May 2022We can estimate with a 79% confidence that the volatility for today is going to be below 2.24%
For this the market will stay within
TOP 337
BOT 322
At the same time We can estimate with a 86% confidence that the volatility for today is going move more than
0.41%
For this the market will stay above the
TOP 331
BOT 328
From the fundamental point of view, yesterday we had the release of the interest rates, so I believe currently we are in a short relief moment, where we can have for some days/weeks a small bull trend
For today we have no big volatility news, so we cant expect big surprises.
Having said that we have 2 different ways of trading for today
IRON CONDOR for the first option, with the 337sell 340buy Call / 322sell 319buy Put
Reverse IRON CONDOR for the second option with 330buy 333sell Call/ 328buy 325sell Put
Short and Long Iron Condor SPY 05 May 2022We can estimate with a 86.4% confidence that the volatility for today is going to be below 1.75%
For this the market will stay within
TOP 436.6
BOT 421.5
At the same time We can estimate with a 86% confidence that the volatility for today is going move more than
0.33%
For this the market will stay above the
TOP 430.4
BOT 427.6
From the fundamental point of view, yesterday we had the release of the interest rates, so I believe currently
we are in a short relief moment, where we can have for some days/weeks a small bull trend
For today we have no big volatility news, so we cant expect big surprises.
Having said that we have 2 different ways of trading for today
IRON CONDOR for the first option, with the 436sell 439buy Call / 421sell 418buy Put
Reverse IRON CONDOR for the second option wiht 430buy 433sell Call/ 427buy 424sell PUT
Current state of BTCTechnical outlook
BTC is currently trading in an upwards channel that could be interpreted as a bear flag. BTC is trading firmly under the 200MA and has just gotten a short term rejection off of the 50MA. As such; breaking this channel to the downside could potentially lead us down into the next support zones. The next main key levels outlined on this chart are the $35,000 and $30,000 level which are two large psychological levels that have acted both as support and resistance in the past and may offer support again.
There has been news of large spot buys however, which could provide additional bullish sentiment. Given the high volume of news in the upcoming weeks with FED speeches, large company earnings etc. it's crucial to keep low leveraged and wait for a clear and concise entry point whether BTC continues its downward momentum or makes a run for higher levels again.