Pre-Open Commentary | Sep 20, 24
Condensed Insight Before the Bell.
//Midterm Sentiment//
(days)
TrendPhase: Bullish (Sep 17)
Orderflow: Neutral/Bearish (Sep 20)
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(weeks)
Positioning: Neutral (Sep 13)
Dealers: Neutral (Jul 11)
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(months)
Seasonality: Bearish (Sep 3)
VIX: Bullish (Sep 18)
//Longterm//
Great Cycle: Bullish (March 2020) until 2027/2028Intraday TrendPhase: Neutral
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//Actionable Levels//
Resistance: -
Support: 5714-08Key takeways:
Opex week coming to an end so some strange readings on options terminal possible.
On orderflow front we have slightly bearish odds after yesterday’s session. Personally I closed my swing long which made up last loss and I will wait for today’s close to decide if I want to get into long or maybe small short for a midterm swing.
Basically that run up was not so impressive if you look at profile structure and bears have their opportunity today - but if they fail to move market it will turn back on them on monday.
I am willing to look for short opportunity if confirmed. Also I like option levels cluster in 5714-08 area to scalp longs.
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).