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Big pullback here then it's a range day. Consolidation or breakout here then it could be an uptrend day.
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You know the end of the run is near but you don't know when
When SPX RSI >70 and AD issues are negative you know the risk/reward is only increase to the down side. I am selling here.
My comments are for entertainment/educational purpose only. NOT a trade advice.
I said, above 61.8% is a buy, turns out as expected, now I am selling with expectation that dip will be bought around Friday's HOD, also use that line as a pivot. day trade made simple. will not buy the dip today will use the buy entry zone as a shorts exit. TA is not a guess works.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
The pullback will be bought. Actually H1 long setup already triggered.
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Sizzle index on TOS P/C ratio is 2.4, this will be easiest way to estimate if market is priced and the gamma squeeze is about to end. if P/C is still under 1 I will think there will be no end to that so called gamma squeeze. this is just one side of the equation, don't quote me on that.
My comments are for entertainment/educational purpose only. NOT a trade advice.
BullBear52x wrote:Sizzle index on TOS P/C ratio is 2.4, this will be easiest way to estimate if market is priced and the gamma squeeze is about to end. if P/C is still under 1 I will think there will be no end to that so called gamma squeeze. this is just one side of the equation, don't quote me on that.
BullBear52x wrote:Sizzle index on TOS P/C ratio is 2.4, this will be easiest way to estimate if market is priced and the gamma squeeze is about to end. if P/C is still under 1 I will think there will be no end to that so called gamma squeeze. this is just one side of the equation, don't quote me on that.
Can you expand on that little more ?
Make sure we are on the same page. you know what is the Shorts squeeze and Gamma squeeze right? they will end at some point. in a shorts squeeze we will look at the volume of capitulation of the underlining stocks or index. in gamma squeeze we will look at the change in Puts/Calls ratio, when market is priced so the craze of call buying no hedge on calls seller needed. from there we are back to fundamental of underlining stocks or indexes. this probably the shortest answer I can explain.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Sharing research and ideas only, this is not trading advice.
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