kibakilla33

kibakilla33 Updated 

Extreme bullish move previous week, gapped up due to overwhelming demand caused by the bullish sentiment. It would appear the buying channel is still catching up, aka the flow of buyers driving demand is lagging the gap up along with the derivatives market. Would not be surprised if we push higher, fomo is kicking in and likely those on the short side will...

kibakilla33

It would appear that LUCID GROUP is facing a sell off based on bad new, dilution of shares, lack of consumer demand. However, based on technical, it would appear to be a very aggressive sell-off it was a sell-off. Not beneficial to not allow for market to recover in regards to liquidity. Based on the aggressive downside moves, the probability of a cat bounce...

kibakilla33

Would Appear spy is in a uptrend channel, closing up to a higher trend. Will play moderately bullish.

kibakilla33

It would appear we are in a strong uptrend, downside looks to be eaten up very rapidly, more appetizing to trade the bull side.

kibakilla33

Cup on the future forming potentially. The uptrend currently, looks like consolidating from the initial jump.

kibakilla33

Looking like potential support for developing We opened with a bullish trend so I will be long until the trend is clearly broken.

kibakilla33 Updated 

Possible rejection top here Looks like it needs to test a support to regain upside momentum

kibakilla33 Updated 

Possible resistance being rejected after a small break out, retracement of the uptrend.

kibakilla33

Futures look to be at the top of a bullish uptrend, I expect retracement soon.

kibakilla33

See buying volume off of RSI dip assuming only bounced from being oversold regain downtrend to 435

kibakilla33

Lots of volumes was traded on tickers with a higher price level. The large volume in those tickers indicates lots of liquidity in that area which I assume we retrace. I think we would be retracing already if there wasn't a small pump of buyers that shorts decided to eat. Conservative long until first test on the large selling closing ticker.

kibakilla33

Looks like volume was ready to break out bullish. The excess demand may have tempted some shorts to fill their orders. Rejection however breakout coming likely even stronger after shorts exit.

kibakilla33 Updated 

We may be seeing a double bottom on the spy future. we see a clear support level, that is broken, bottomed, then regains the support level above the previous bottom.

kibakilla33

Looking for a retest of support. A lot of volume on those selling tickers makes me assume it is safe to bet that the levels will be retouched at least if not broken to maintain the micro downtrend.

kibakilla33

Large outflows look like hedges trying to fill sell orders on the spread between block orders and market price.

kibakilla33

Looks like a lot of puts are being shorted into the market today, could see us gapping up for open in the premarket tbh. I assume we "dump" close while hedges dump puts into the market

kibakilla33

Due to the immense amount of 430 put premium expiring on Friday, I assume we open higher due to the depreciation felt on 430 puts overnight. This loss of premium will indicate a loss in delta, lowering the necessary shorted shares and in case creating buying pressure instead.

kibakilla33 Updated 

They use previous resistance as a bear trap to fill their covers. They shorted above resistance and then flipped the "resistance level" for support by covering their shorts with people's new short orders. Trapping them short at a local bottom and covering their higher-filled shorts.