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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.