Today’s session resulted in a double distribution. The most bullish outcome would be to sustain trading within the upper distribution, while the most bearish outcome would involve returning to the lower distribution.
I do not like this rally. Apparently someone decided to start buying 0dte calls like crazy around 12:30 pm, since we could not get below the ORH of 4144.25. At the same time, massive short covering in regional banks.
05/18 ON action fixed the poor structure surrounding the upper dist (aka stops poking). Smash I did scalp long based one the stacked orders @64 yesterday, bounced off the tick!
I do not like this rally. Apparently someone decided to start buying 0dte calls like crazy around 12:30 pm, since we could not get below the ORH of 4144.25. At the same time, massive short covering in regional banks.
you are so awesome, smash
05/18 ON action fixed the poor structure surrounding the upper dist (aka stops poking). Smash I did scalp long based one the stacked orders @64 yesterday, bounced off the tick!
Fantastic post smash!
Wow smash this vwap so heavy!