Still feels very much like an op-ex pin day, amazing that these weeklies are able to do that now.
In any case, there's a bit of a split, some momentum building here, some fading there, but overall I give a little edge to momentum as futures are showing a bit better than the averages right now.
The Q's are showing some intraday momentum here
The SPY had some earlier that faded
The overall as seen in the IWM 3 min still gives the short term edge to the upside and the call positions from yesterday.
The TICK as you can see is about as flat as it gets, it's between -250/+750, a slight upside edge, but VERY flat.
Typically quiet markets are where I am most nervous because I know they are up to something, but this seems more like a pin, which tends to see action pick up later in the day as contracts are closed.
No comments:
Post a Comment