TradingView
Eloquent
Jul 29, 2021 9:12 PM

es 7\30 

E-mini S&P 500 FuturesCME

Description

7\30 expiries has:
1,039,078 puts
551,737 calls
spy max pain = $435.00

too many bears into tomorrow for market makers to just let this drop freely in my opinion;
they don't like handing out free money like that from my experience.

of course it is very much up to tech at this point, but i just have this feeling that the algos are going to eat up this drop tonight \ we'll see a v-shaped recovery by the morning.

i would short es into the weekend if we do get this bounce - august~september should be bloody.

Order cancelled

gg
Comments
Mihai_Iacob
Great analysis,keep them coming
More