Watch Live: It’s Time To TRACE The Market
Today at 11:00 AM Eastern SpotGamma will celebrate the launch of TRACE, which promises to provide a all new ways to unveil support, resistance, and volatility like NEVER before in the S&P 500.
This morning’s market TRACE…
Here’s how TRACE worked yesterday…
We released TRACE a day early today, and so we’ll dive into these new tools. As an overarching reminder, the delta and charm lenses are about measured directional influence and the gamma lens is about projected price speed.
Starting with the early morning view of gamma, a glance at the [0DTE] Live GEX shows a distinct cluster of positive gamma bars from 5700 to 5740, showing that this is stickiest area on the map for the price. We can also see a path to a pin start to form on the heatmap.
As the day progressed, the path to this pin lit up in continual confirmation and increasing precision. You can also see how the positive gamma cluster progressed and a more pointed pin evolved.
Moving onto the directional lenses, at Only 1/2 hour into the cash session, the Delta Lens indicated 5720 was the most likely pin. We know that because this is where an object would most likely end up with buying pressure underneath and selling pressure above, as pictured.
Graduating to second-order directional influence, that same logic can be applied here—with the price most likely being stuck above buying pressure and below selling pressure. Charm, however, tends to produce the most pinning candidates, but one will start to light up more than the others as the day reaches a conclusion, showing itself to be the highest probability target.
Returning in conclusion to the Delta lens ten minutes before the close, we can see that this pinning range only became brighter and clearer.
Don’t miss out on free access to TRACE today only + the chance to win prizes, including one free year of SpotGamma Alpha!
Right now is the perfect time for a tool like TRACE, revealing:
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The common denominator behind this year’s biggest market mayhem & meltdowns
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A look under the hood on exactly how TRACE works + actual trading wins
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Why TRACE might just be the single trading app you’ve been looking for to replace multiple inferior, assumptions-driven tools that can no longer compete
It’s time to TRACE The Market.
TRACE The Market begins today at 11:00 AM EDT…
Let’s get you access to the best new tool in the financial space to see options flows impacting the S&P 500!
Join the ZOOM call here live…
Tyler Durden
Tue, 09/24/2024 – 10:50
via ZeroHedge News https://ift.tt/gdVus4y Tyler Durden