//Midterm Sentiment//
(days)
TrendPhase: Bearish (Oct 30)
Orderflow: Bearish (Nov 1)
------------------------------
(weeks)
Positioning: Neutral/Bearish (Sep 27)
Dealers: Neutral (Oct 30)
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(months)
Seasonality: Bullish (Oct 1)
VIX: Bullish (Sep 18)
//Longterm//
(Years)
Great Cycle: Bullish (since March 2020) until 2027/2028
Intraday TrendPhase: Neutral
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//Actionable Levels//
Resistance: 5822, 5839
Support:
Key takeways:
Aproaching election I don’t expect too much movement. Lot of traders is going to size down or step away from markets.
I need to check $ price action before election days in history, as it might suggest what is market actually predicting. Today we have rather large $ slide which might suggest Trump trade ($ is going to fall throughout potential Trump’s presidency).
Significant option level cluster at 5840.
Yesterday’s Intraday Trading Recap:
Recently I went through some options charts and I think that this is actually the best setup on our quad view. Price on Flow at blue/grey band, on Ladder at average (yellow/grey) and at least one of the studies shows potential exhaustion (in this case options88 overbought).
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).