Incredibly tricky session, and kudos for the honesty in describing an insane squeeze that was not confirmed by anything. Tomorrow's Opex but especially next shorter week will hold the key to the rest of the summer
Navigating through emotional markets is always very challenging! There are no signs of weakness, but chasing is gradually becoming less favorable. The summer will be very interesting.
Agree! I follow options as well and it seems the old 'gamma squeeze' regime is in full swing again. It is quite curious how volatility is being bought again at the same time that markets rise relentlessly
I was in the same boat today. Watching the squeeze and waiting...waiting...waiting for VIX confirmation or any kind of pullback that looked right. I took one trade for break even. Better that than chasing from bad trade locations. Like you said: next session! Thanks again Smash.
NQ beasting! It actually never stopped one time framing up on the daily and just continued the imbalance phase. The last upside target for NQ today was 15370, which was met and exceeded, but also revisited into the closing session. Tomorrows last upside/downside: 15555/15197, which is worth monitoring. Regarding poor structure, it's definitely areas that may require additional fills, but during breakout scenarios (imbalance), this may take longer to achieve.
What an awesome day!
Incredibly tricky session, and kudos for the honesty in describing an insane squeeze that was not confirmed by anything. Tomorrow's Opex but especially next shorter week will hold the key to the rest of the summer
Navigating through emotional markets is always very challenging! There are no signs of weakness, but chasing is gradually becoming less favorable. The summer will be very interesting.
Agree! I follow options as well and it seems the old 'gamma squeeze' regime is in full swing again. It is quite curious how volatility is being bought again at the same time that markets rise relentlessly
Yeah, usually not a healthy combo!
I was in the same boat today. Watching the squeeze and waiting...waiting...waiting for VIX confirmation or any kind of pullback that looked right. I took one trade for break even. Better that than chasing from bad trade locations. Like you said: next session! Thanks again Smash.
Thanks Smashelito! Amazing day! Wow! Love days like this. Enjoy your well deserved day off!!!
Enjoy your day off and thanks for all you do!
NQ beasting! It actually never stopped one time framing up on the daily and just continued the imbalance phase. The last upside target for NQ today was 15370, which was met and exceeded, but also revisited into the closing session. Tomorrows last upside/downside: 15555/15197, which is worth monitoring. Regarding poor structure, it's definitely areas that may require additional fills, but during breakout scenarios (imbalance), this may take longer to achieve.
I’m ready to see some NQ daily plans 😉
Never know it may come true 🤣