Swinging 9/17 calls here. Stop below the previous month's VPOC. I wanted 453.5 for entry but never came. Looks to be a reversal .
Quad witching this week, will most likely close in a day or two.. target 458
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...
3Dsystems recently had a lot of bullish news,
after the last setback there might be a chance
to buy in the game now.
The demand on 3D fabbing and small batches of products
is still rising. 3Dsystem also helps the customer to implement
and learn the techniques of 3D fabbing, this way both sides
have profits aspecially 3Dsystem in growing...
GME Currently below Both Supply Zone/Volume Resistance, downwards trendline and below fib extension resistance
Risk:Reward leans towards being bearish, even though I'm rooting for the mother of all squeezes to come.
Bought Puts. Strangle wasn't really worth it, calls are way too expensive in my humble opinion.
The market shows the intention to test the main VPOC (since 1998) that has been a support until march 2020.
I have the slant that market will reject that support so my position will be closed at that price level (~8700€)
As expected, Friday's session started with a descend towards the S/R zone at 12 882. Bearish traders pushed even lower and the support didn't hold their strengths. The VPOC has also shifted below this zone and this can signify the lack of commitment for further longs and the end of uptrend of the past days.
Resistance: 13 119, 12 882
The positive continued yesterday as we expected. The price reached above 13 235 resistance and we've noticed the biggest volume of orders for the entire day session. Unfortunately, Dax hasn't stayed long in those levels and the afternoon session wiped out all gains, dropping down to a support level of 13 093.
Resistance: 13 235, 13 519
Yesterday's analysis turned out as expected, again. The market stalled around 12 882, closing the gap and retesting the VPOC of the previous day. Dax stalled around this level and hasn't taken any clear direction afterwards.
Resistance: 13 119
Support: 12 592
Statistics for today
Detailed statistics in the Statistical Application
Yet another great prediction. If you've read our analysis yesterday and traded it accordingly, we congratulate you for great profits. As we predicted, the price had an initial push lower to closed the gap, which correlated with past VPOC. This was the level which had double significance for buyers who stepped in to take the price to 12 882 and even broke out this...
Appearances are deceptive. Despite Dax opening with a descending gap and back in the consolidation range on Friday morning, it turned out that bearish impulse was a fake one. Contrary, bullish traders took advantage of the lower prices and dominated the entire session. Not only the price corrected the overnight sell-off and closed the gap, but the ascending slope...
As we thought, the retest and breakout of 12 592 really happened. Since the open, the price took an upward momentum and broke the S/R level for a short period of time. Bears stepped in and corrected the morning push back to 12 494 and proved the significance of both zones. The session was very interesting and the false breakouts could have caused troubles to some...
Yesterday's session hasn't turned out exactly according to our expectations. Although Dax descended lower to retest our Support zone at 12 592 as we predicted, the price continued lower instead of reversing to the upside. Dax very precisely respected Friday's VPOC in correlation with the Support level at 12 494 and held further sell-offs.
Yesterday's session started optimistically and at one moment, it looked like buyers head straight towards 12 882. But as we know, appearances are deceptive. Sellers stepped in to suppress the bullish attempts and dominated the rest of the session. Bearish traders took the price lower to retest Friday's high, yet failed to close the weekend gap.
On Friday, we anticipated that Dax will remain in its consolidation range above 12 151, however, sellers found enough strength to break below this zone, keeping the price suppressed. Not only the session was closed at its daily low but the significant volume of orders moved lower as well and this signifies the sellers' dominance.