Loading ...Volume: options, news and so forth.
See the correlation with options expirations.
I’m learning about options right now through the “ the young cowboys “ lol because you can ride puts and covered calls on support the puts at resistance all the way down instead of ETFs or vise versa.
I disagree with day trading or position being a bigger problem VS being long right now, besides any core holdings. Because this market dropped so much people are buying a little at a time of their preferred stocks now.
Problem is they’re selling more puts than buying on options right now. Options expiration on the third week is increased volatility, gamma, and selling shares so that week can be bearish coupled by buying puts instead of calls other than on technical bounces, gamma squeezes in news like the market somehow perceived CPI data not so bad or any bear market rally’s. Then in a couple weeks they’re buying the shares again … or selling puts.
If you can get fib zones on the daily hourly on your chart and mix that with fundamentals including news like Fed which is a shame they’re watching him instead of fundamentals and his interest rates, earning, so forth you’ll get a better picture.
Did you hear that Biden’s begging OPEC not to decrease oil supply till after the election.
Ps in the Fib zones you’ll see more choppiness but you can draw out patterns like megaphone like the DoW or S & P or wedges or channels depending on the stock.