July 13th-17th
Crazy things happened over the past 2 weeks. SPY dropped to 716 and wicked all the way back up to 735. 5% drop into July AMs small book buy in activated. Q3 mandatory managements.
- July to September buy in cycle activated
- We have seen institutional flow on July 7th. Agree on the Market Data Level 2.
- Slow grinding up
- Using flexible volume profile. The POC is at 751.25
- Walls - Put - 748 | Call - 760 for the week
Expected Range 9.118 plus or and minus from Friday SPY close price
- Dealer Hedge Range - 739-767
- Tuesday - Inflation, core inflation, CPI, Warsh testimony | Wednesday PPI, Warsh Testimony | Thursday - Jobs
- Banks, Netflix, Blackrock, Goldman Sachs for earnings
- Don't short a chop up market.
((NOT FINANCIAL ADVICE))
