Hey traders,
Weakness overnight I think puts us in a tough spot here. I expect to see some buyers try to defend 4390-4400 area. If they are not able to do so, I would look for a nasty down move.
We are in negative gamma territory in Nasdaq and we are seeing a shift out of big tech and into the 10 year note. What does that mean for us? Well, if NQ can sustain weakness we could get some forced margin selling, which can influence SP500 futures as well.
This is not a doomsday prediction, as I am long myself here. However, I would be careful under 4390. I have my stops around 4380 just so I'm far enough away that I won't get hurt too bad if the market goes south today.
Weakness overnight I think puts us in a tough spot here. I expect to see some buyers try to defend 4390-4400 area. If they are not able to do so, I would look for a nasty down move.
We are in negative gamma territory in Nasdaq and we are seeing a shift out of big tech and into the 10 year note. What does that mean for us? Well, if NQ can sustain weakness we could get some forced margin selling, which can influence SP500 futures as well.
This is not a doomsday prediction, as I am long myself here. However, I would be careful under 4390. I have my stops around 4380 just so I'm far enough away that I won't get hurt too bad if the market goes south today.
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이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.