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Thoughts
We do not know if this is the start of an up-swing or only the conso of the last down-swing
If we move higher we run into older single prints whose endpoints can be a good target
To make me think short we would have to accept prices below yearly vwap /top of singles
News
yesterday meta earnings, -15%
today after close googl and msft
13:00 bond auction
Condition
open with very large gap down
brings the status back to down if we do not buy it back soon
Thoughts
I do not follow large gaps early
mosten times the first auction is some kind of fade
Do not be too antizipative, there is enough room for opportunity in this vola
Thoughts
For me its still not clear if the low of the conso is in, or not, especially as we have very important news events this week
Were the last days mainly covering and sellers get back in control?
Or do we see a continuation of buying with more and more buyers coming in?
Take it as it comes Do not take too much information risk. Let the market show its hand
Thoughts
Yesterday was non-trend with the exception of k&l
I expect more of the same before the big news
I will look more for outside-in-trades and less for initiative trades
Condition
We open with small gap down on top of yesterdays trendday down
Thoughts
This was by far not what i expected yesterday :-)
We had a trendday down which turned the whole picture more to the bearish side
On the other hand anything can happen with the big news events this week. So we should have a clearer picture not before the end of this week
I will trade for an hour or two and then leave the algos alone
If the main driving orderflow on a given day is in the stock market, how good can a tool be that uses ES orderflow only? ... vwap, cum delta, footprint, etc
Given that there are millions of orders in different underlyings and products, how detailled should my analysis be?
