SPYvsGME

SPYvsGME Updated 

FOMC today at 2pm is likely when bulls and bears come to head to head. Idea from yesterday I indicated dealers would be low supply. overnight, dealers bought the dip. the 4350 and 4400 strike are still heavy put exposure so its likely why futures drifted higher. using the GEX indicator I created I'm able to see the puts still outweigh the call exposure. ...

SPYvsGME

During the march 2020 decline, you saw very similar leptokurtic distributions as we are experiencing now. You can see the daily chart is really hugging the lower Bollinger band which is not sustainable for long. The 4300 hundred strike is the largest put strike on the SPX right now and the largest negative gamma strike now so I expect it's going to act as...

SPYvsGME

I updated the GEX indicator this morning to include puts & calls so you can visualize the changes in gamma exposure. If you want to see other tickers, head on over to www.spyvsgme.com . Once I’m happy with the indicator I will publish the source code. What I keep seeing is the puts building up lower (80 strike) bringing down the gamma zero strike which is...

SPYvsGME

A bearish week is an understatement for how much and how quickly the markets turned and broke the bottom of a 2 yr bull trendline. If you read my bear review for Jan, I identified how important this last OPEX cycle was going to be. What I discovered last week was that the indexes crashed through a significant gamma zero line when FOMC (JAN5) indicated more...

SPYvsGME

Boy George this week has been nuts. I haven't had as much time to work on the GEX tool as I had hoped but I did get some work done on testing it. Check it out at www.spyvsgme.com A lot of gamma exposure rolled off this week and brought the gamma zero strike from 140 down to 125 and a 2.3M GEX. Price target of 125 this week seems reasonable as total GEX...

SPYvsGME

If you’ve read any of my ramblings you will know I like looking for patterns. I think that's why I was so attracted to the stock market and economics. 3n+1 known as the Collatz Conjecture is an unsolved math problem I won’t get into here except to point out how similar I find it to Covid. No matter the number of infections or vaccinations, we always end up back...

SPYvsGME

You may have heard about this greek called Gamma. If you haven’t, I’m not going to talk about it much except to tell you that it's important. I told you I would do something special for my 1yr GME anniversary, so I took to coding up a Gamma exposure tool (GEX) that I will be giving out for free once I get it tested next week. The tool is simple enough but...

SPYvsGME Updated 

A little more detailed fibonacci retracements from my morning profile post this morning. I'm not really confident in direction today, so I'm not making any trades. I believe US500 will get parked here around ~4666 I'm a meat popsicle, not financial advice.

SPYvsGME Updated 

Interesting trading day yesterday. US500 rejected the .786 retracement from the FOMC selloff downtrend in a double top at ~4740 that would have seen a gap up to ~4780. Other traders pointed out a massive 3k order waiting to be filled at 4650 yesterday that acted as a magnet for the markets. That was a couple of points below the Gamma flip from positive to...

SPYvsGME Updated 

US500 continues uptrend after hitting support at the lower Bollinger Band and finding support at the Kijun and Tenkan with Chikou span not crossing over. If bulls push through R1 & R2 there is very little stopping a Gap up to 4780. Be Nimble is the name of the game as big swings in hourly returns continue a sea-saw approach to day trading. I'm a meat...

SPYvsGME Updated 

This weekend I spent some time learning Ichimoku Cloud and Fibonacci retracements and this is the first time applying this to ES futures, so feel free to point out any mistakes. FOMC price crossed over the Tenkan-Sen (Conversion) last week indicating a possible trend reversal. Tonight futures opened bouncing off Kijun-Sen (Base) support. Stoch RSI is oversold on...

SPYvsGME

RSI Overbought on the 1D. Should retest leading span B Consolidate for another Breakout Recapture $40 VPOC as leading spans A&B cross over to confirm bullish trend. Macro analysis is looking good. Keeping a tight stop if price falls back into cloud which will indicate failed breakout / volatility. Checkout Ichimoku-Cloud edu series if you need help reading...

SPYvsGME Updated 

Known as the one look equilibrium chart. The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. The cloud can predict support and resistance levels into future Crossovers confirm up/down trend Edges of Cloud can be used as support and resistance levels Overall Trend...

SPYvsGME Updated 

The Tenkan-Sen is 9 period mid-point of high and low price. Highlights short-term price direction via its slope Tenkan-Sen is its own line/indicator but used to calculate leading span A Cross over the Kijun-Sen (Base Line) as a buy/sell signal Use cloud crossover to confirm trend Next Indicator is the Kijun-Sen (Base Line)

SPYvsGME Updated 

A line that represents a 26 period midpoint Price above/below Kinjun-Sen (baseline) confirms recent price momentum to the upside or downside. Crossing conversion line is short term momentum trade signals Tenkan and Kijun cross over multiple times price lacks trend and is choppy Next indicator is the Chikou Span (Lagging Span)

SPYvsGME

Trend line of 26 periods behind the latest closing price Crossing with prior prices confirms trend change When price and Chikou span cross frequently indicates choppiness and not reliable Visualize the relationship between current and prior trends, as well as spot potential trend reversals. Upward trend when the Chikou above the price Downward when the...

SPYvsGME Updated 

I started trading crypto and bitcoin back in July in 2021 when I started studying Wyckoff distribution patterns and found this 3 day wyckoff pattern. Bitcoin 1st Peaked when Robinhood & Coinbase IPOd back on March/April of 2021. Followed by a 2nd Peak when Bitcoin ETF IPOd back in October Bitcoin began to sell off hard after a Coinbase hack that put them...

SPYvsGME

There are plenty of bearish patterns to confirm I'm following up on my uptrend fib retracement and extensions for the wyckoff pattern I have been using since june. This idea covers the a bearish downtrend and head & shoulder retracements/extensions with trend based fib time to predict where the Sign of Weakness (SOW) in the larger wyckoff 3 day pattern will...