2/7 Recap
It was yet another extraordinary trading session for orderflow traders as they made the most of the rangebound trades leading into Powell. In the last video, 4190 was a key area to keep an eye out for post Powell and that is exactly what happened. 4109 kept the market in check nearly throughout the entire session before it moved up to the 4190 highs. The OVN session managed to settle well below that price, trading around 4155 at the time of this post. I expect this balance area to continue to stay true until CPI on Feb 14th.
Value Areas
3903 - 4042 / POC 3967
3825 - 3895 / POC 3864
4075 - 4172 / POC 4137
What is a bell curve and how can we interpret it?
Many have seen Bell Curves before which are how we interpret Volume Profiles. This breaks down Profiles into areas of value which are known as Value Area Low, Value Area High, and Point of Control. Using these values are one of the ways you can form a system to trade around. Using same concept of Bell Curve distribution, we apply these same values to Profiles which can vary depending on the timeframe being used. In Bell Curve terms these are known as the standard deviations.
Events
None
Earnings
Daily Plan 2/8/23
LEVELS
ES Long 4144 > 4177 / Short 4190 > 4155
NQ Long 12640 > 12794 / Short 12837 > 12686
SPY 0.00%↑ Calls 411.98 > 415.45 / Puts 416.62 > 413.32
QQQ 0.00%↑ Calls 306.61 > 310.21 / Puts 311.28 > 307.62
AAPL 0.00%↑ Calls 152.34 > 154.49 / Puts 155.19 > 153.04
TSLA 0.00%↑ Calls 187.97 > 194.96 / Puts 197.57 > 190.3
NVDA 0.00%↑ Calls 216.21 > 220.64 / Puts 223 > 217.58
MSFT 0.00%↑ Calls 265.62 > 270.29 / Puts 272.08 > 268.3
AMZN 0.00%↑ Calls 99.17 > 101.3 / Puts 102.32 > 100.31
AMD 0.00%↑ Calls 83.72 > 84.99 / Puts 86.28 > 84.28
-Flint
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2/7 Recap + Daily Plan 2/8/23