As the indices keep moving higher, risk of pullback grows and ES
5922/27 first hurdle(short zone) to monitor and below 5890
(last night stated level) weakens
Posted by mitchell on 14th of May 2025 at 11:18 am
Steve - Agreed on pullback looming; I understand there to be
high call skew into Fri opex, which likely creates upward bias
until then and unwind after. Any thoughts on probability of
potential pullback before / after opex from ur perspective /
sources? Thanks.
As the indices keep moving
Posted by steve on 14th of May 2025 at 10:42 am
As the indices keep moving higher, risk of pullback grows and ES 5922/27 first hurdle(short zone) to monitor and below 5890 (last night stated level) weakens
Also seeing some junk stocks get bid like BBAI
ES once again - terrific
Posted by steve on 14th of May 2025 at 01:21 pm
ES once again - terrific fade off 5822 zone
ES 5890 bounce
Posted by steve on 14th of May 2025 at 01:39 pm
ES 5890 bounce
Plan today was to short
Posted by steve on 14th of May 2025 at 01:23 pm
Plan today was to short zones
Steve - Agreed on pullback
Posted by mitchell on 14th of May 2025 at 11:18 am
Steve - Agreed on pullback looming; I understand there to be high call skew into Fri opex, which likely creates upward bias until then and unwind after. Any thoughts on probability of potential pullback before / after opex from ur perspective / sources? Thanks.
I posted thoughts and levels
Posted by steve on 14th of May 2025 at 12:16 pm
I posted thoughts and levels below - should ES push the above zones are short zones as well. Tomorrow PPI/Powell