Pre-Open Commentary | Jan 22, 25
Condensed Insight Before the Bell.
//Midterm Sentiment//
(days)
TrendPhase: Neutral/Bearish (Dec 31)
Orderflow: Neutral/Bullish (Jan 14)
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(weeks)
Positioning: Neutral/Bearish (Jan 21)
Dealers: Neutral (Oct 30)
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(months)
Seasonality: Bearish (Jan 2)
//Longterm//
(Years)
Great Cycle: Bullish (since March 2020) until 2027/2028Intraday TrendPhase: Neutral/Bearish
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//Actionable Levels//
Resistance:
Pivot: 6071
Support: Key takeways:
It’s getting hot in here. Market is pushing hard and multiple metrics show that if not careful, one spark can ignite fire. Why is that so? Simply because of the pace and gradual lack of sellers - it’s much easier for the market to get into panic mode in such conditions because everyone knows its like walking on thin ice.
DealersDashboard shows close long positions. Remember best signal here is buy when the sequence starts with blue square below spx plot, get out of long when triangle above spx plot ends the sequence - so basically the situation we have now.
Is this short signal? Not unless you want to be very agressive. For me its too agressive. I need to see some intraday confirmation for that. Like at least orderflow pivot smashed at close. Also I would rather want to get some short signal closer to tomorrow or friday.
Intraday we have sr1 flipped above zero gamma which is a sign that bears are going to try to attack today most likely hence neutral/bearish situation.
Yesterday’s Intraday Trading Recap:
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).