SPYSPX "X" is so hyped up on PLTR and HIMS earnings after the market closes. If these are set to smash like they are talking on there I imagine SPX might make a good jump right before close like it did thursday. $5,700 SPX Call is looking sexy sitting at $0.75 right now just saying... it could be grandslam play
Technically, all the candle levels that are closed over [OHLC], all become support. and when you dip under those levels, you should expect them to be recovered and used as discount levels to enter long from.
This is what you will see over and over during a session trend. The strongest being the hourly discount levels.
SPXSPY I've been losing money in a row since she left me... :( Some people are good luck in your life.... If you have that someone, never let them go...
Many do not understand this type of environment. You mistake the drops for selloff.
The only reason it drops is because huge money can only trigger longs below higher time frame lows as they need massive amount of sell stops (pending orders to go short) to pair with their longs to enter.
This is why you will see massive upflow after visiting these lows.
When we get a close below on daily. We will reverse engineer this mechanic.