Pre-Open Commentary | Oct 23, 24

Condensed Insight Before the Bell.

//Midterm Sentiment//

(days)
TrendPhase: Bullish (Sep 17)
Orderflow: Bullish (Oct 10)
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(weeks)
Positioning: Neutral/Bearish (Sep 27)
Dealers: Bullish (Oct 21)
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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: -
Support: 5856, 5841

Key takeways:

No change since yesterday.

We are in a solid consolidation again. Yesterday at one point, there was interesting attempt by bears, sp was going to end session with bearish orderflow signal but bulls clearly made a move to fix this situation.

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Yesterday’s Intraday Trading Recap:

Same setup as previous session, flow hits 0 = go bulls, then exit or scalp short with options orderbook hitting resistance (+5 level).

Options Orderbook and Flow

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Notes/Observations/Issues:

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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).