Looking at OD heatmap for Monday, if SPX opens up above 5870, then the range from there to 5910 has relatively low magnitude gamma. Possible slow grind up may be in the cards. But, on Friday, price dropped through some heavy magnitude gamma. But, probably had something to do with MOPEX because normally that heavy magnitude gamma is a road block under "normal" non-catalyst or OPEX days. Anyways, just observations and talking shit....hahaha...have good weekend.
In this instance (markets overview) it was 20 sma on daily. Intraday I use 21 EMA (not sma). I will sometimes use 21 ema on other timeframes as well but big picture daily 20sma. 21 ema is more for specific trending moves. Intraday 5, intra week 30 minutes, and I’ll use it on daily if we are actively trending
Looking at OD heatmap for Monday, if SPX opens up above 5870, then the range from there to 5910 has relatively low magnitude gamma. Possible slow grind up may be in the cards. But, on Friday, price dropped through some heavy magnitude gamma. But, probably had something to do with MOPEX because normally that heavy magnitude gamma is a road block under "normal" non-catalyst or OPEX days. Anyways, just observations and talking shit....hahaha...have good weekend.
When you’re referring to the 21 SMA is for RTH only - 9.30 am EST to 4 pm EST (or 4:59:59 pm)?
In this instance (markets overview) it was 20 sma on daily. Intraday I use 21 EMA (not sma). I will sometimes use 21 ema on other timeframes as well but big picture daily 20sma. 21 ema is more for specific trending moves. Intraday 5, intra week 30 minutes, and I’ll use it on daily if we are actively trending