Pre-Open Commentary | Dec 17
Condensed Insight Before the Bell.
//Midterm Sentiment//
(days)
TrendPhase: Bullish (Nov 26)
Orderflow: Neutral (Dec 13)
------------------------------
(weeks)
Positioning: Neutral/Bearish (Nov 22)
Dealers: Neutral (Oct 30)
------------------------------
(months)
Seasonality: Bullish (Oct 1)
//Longterm//
(Years)
Great Cycle: Bullish (since March 2020) until 2027/2028Intraday TrendPhase: Neutral
------------------------------
//Actionable Levels//
Resistance:
Support: Key takeways:
No clear intraday direction from either of the metrics.
Retail sales data today.
Its tuesday so we can start looking into large opex levels. SPX 6062 is the one with most interest. Price already got drawn to it from ATH. There will be more action around it. Today it served as resistance and to me it looks like they want to hold price below it. It’s still a bit early to judge that just by price action around that level though. Keep an eye on this one.
Yesterday’s Intraday Trading Recap:
Long opportunity along with bullish intraday trendphase.
Probability cluster on euro.
Notes/Observations/Issues:
Pre-Open Commentary distills key takeaways from the analysis of the London GEX and Structure posts and also serves as my personal journal (sort of).