SPY has been dumping every opex and finding previous month's VPOC as support (black line) / pivot point
With the dip this week, I will be watching 443.5 as a key level for support . Bounce here I'll be going long. Break below and target would be in zone of 434/433 (EMA cloud). Wait for confirmation!
Given the scattered call flow and organized, calm selling seen Friday, my bias is for a bounce. Lot of million dollar premium blocks and sweeper on the tape for select tickers. Doesn't seem like a doomsday sell the farm 10% correction... just yet...
TLDR : Buy the dip
With the dip this week, I will be watching 443.5 as a key level for support . Bounce here I'll be going long. Break below and target would be in zone of 434/433 (EMA cloud). Wait for confirmation!
Given the scattered call flow and organized, calm selling seen Friday, my bias is for a bounce. Lot of million dollar premium blocks and sweeper on the tape for select tickers. Doesn't seem like a doomsday sell the farm 10% correction... just yet...
TLDR : Buy the dip
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.