if you're bullish, you are HOPING for some chop here til vixpo minimum, you just may not know it
765 SPY - 748 SPY
Yeah, this is not a healthy tape
Difference is that we have such a clean setup. This is the FOMO action that reels them all back in. We have valid reason to keep grinding across all the positioning data and the empty calendar on a go fwd
If we make it back to 775-780 by EOM,
In my DMs and across bank research and fintwit is a lot of euphoria back on. The ol’ price driving narrative. Never fails. As it shouldnt! But as they say, have a plan and stick to it. They also say knowing when to leave the party and when to try to take the girl home and have a
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pretty bulled up right now. behavior is key here tho. if we RIP it higher that isn't bullish. if we do stuff we did today, and then add to todays tape with a more gradual recovery, that's bull
thats big time bull
you don't wanna see a massive move back to ATH i don't think any
time in November
it's a super sensitive time in the mkt and some have a hard time understanding/accepting that. first rule of being in the market and playing this every day is be open minded and second rule is understand what bullish price action is and what is bearish price
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intng ES reopen here
opening -20bps to ripping +60bps to currently as of this tweet at +40bps
think this type of whiplash vol is going to be here to stay thru opex
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do y'all think we see market do a 180 on that concept?
specifically maybe in the SaaS space but not limited to that. just curious what you all make of that. obviously think the convo is probably dominated by the TMT companies if this concept manifests at all, but i'm open to any
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so...we got demolished last week on indices. as a recap, we obtained:
VIX massive up-day in point-terms: ✅
80% DVOL (downside volume):✅ (typically looking for 2, in short timeframe)
capitulation volume on indices (QQQ yes,
3
40
7,494
then it seems like we rly need to start getting going this week and repair a lot of the damages we've done to the structure of the indices just this month.
let's see if the bulls can do it. would be quite the repair, but it can be done.
also don't forget about ANT IPO is set
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