Hey guys, what a really odd day/slow day today when it came to trading the es futures. The market really wasnt super keen on letting anything quite head to the downside, BUT for the most part, it did seem that buyers were quite in control on all the dips. The gamma to the upside was just monstrous and what not, so all dips are still 100% being bought on futures right now. I know that QQQ finally tapped its main gamma 500 on the week and began its slow and steady unwind, MSFT got hammered today, but spy did not budge at all. REALLY bizzare action if you ask me. HOWEVER, this is still the greatest bull market of all time, so ideally every dip still needs to be bought! BUT, price is still not explosive to the moon yet, we keep gapping up overnight and then slowly selling during the day. Nothing super fancy. Im long ES with some 1dte puts as protection for tomorrow, so well see exactly what is going to take place.
Follow us on twitter: x.com/Spyglassflow
sign up at spyglassedge.com to trade with us today!