Building a Market Profile
Traded really well yesterday, my longs which were underwater went green around the gamma -/+ flip zone.
I'm building a stronger position into JAN as we likely will continue to base around the 20D MA and burn stops maybe as low as 4602 would be my guess.
The reason I was so bullish yesterday was because of growing evidence that VIX would compress into the EOY as tax trade ends and new seasonality flows return.
Over the holidays I plan to look at Delta-Sticky skew that Cem Karsan mentioned in the latest podcast and his tweet yesterday.
Here is SPX during Feb 2016 to get a sense for the capitulation around the 20D/50D we just did that last few days before yesterdays rally.
Merry Christmas all. Hope you have good trades.
Not Financial Advice. Just Following the Flow.
I'm building a stronger position into JAN as we likely will continue to base around the 20D MA and burn stops maybe as low as 4602 would be my guess.
The reason I was so bullish yesterday was because of growing evidence that VIX would compress into the EOY as tax trade ends and new seasonality flows return.
Over the holidays I plan to look at Delta-Sticky skew that Cem Karsan mentioned in the latest podcast and his tweet yesterday.
Here is SPX during Feb 2016 to get a sense for the capitulation around the 20D/50D we just did that last few days before yesterdays rally.
Merry Christmas all. Hope you have good trades.
Not Financial Advice. Just Following the Flow.
2 possible outcomes.
1. we come back down to fill in the gap and consolidate 4650 for a balanced distribution.
2. stay above 4670 for another double distribution day.