
MARKET PROFILE –> Market Psychology ON:
Here are key points to take positions
- The recovery from Dec ’18 lows was stronger that most of as expected. Given the flows my systems read there was a very small chance to be trading here today.
- If Bears have just started for 2019, were are in a great spot for them to press lower, right where the distributions become thin and near the support for previous quarterly candles
- All time highs are too far away, we need an external catalyst and/or very slow volume. Brexit could be…
- Markets have the tendency of do the opposite of the the general view. Remember the optimism just 12 month ago in the US Equities?
- I am hedging not adding longs and not adding shorts at current levels.
- R Option is mostly in cash.
- Nobody can predict with accuracy futures prices, thus I work with probabilities and I read large players flows
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