2/9 Recap + Daily Plan 2/10/23

2/9 Recap

Yesterday was similar to Wednesdays session where we saw a wave of sellers that drove the 4128 POC lower and through the LVN, a pivotal point in the market structure. This was key to note as it completely changed the recent trend and showed us that 4100 had to be defended for any further upside momentum. OVN market then sold off another 30 handles to 4060, which IMO could be an attempt to take this back through the LVN. With that in mind, I am keeping a close watch on this market today and will be ready to act if any changes occur.

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 2/10/23

LEVELS

ES Long 4065 > 4088 / Short 4047 > 4009

NQ Long 12257 > 12371 / Short 12160 > 12050

SPY 0.00%↑ Calls 403.84 > 406.33 / Puts 402.02 > 497.79

QQQ 0.00%↑ Calls 297.09 > 299.44 / Puts 294.58 > 291.53

AAPL 0.00%↑ Calls 148.07 > 150.89 / Puts 146.71 > 144.83

TSLA 0.00%↑ Calls 204.67 > 211.22 / Puts 201.33 > 194.64

NVDA 0.00%↑ Calls 220.45 > 226.3 / Puts 217.01 > 213.14

MSFT 0.00%↑ Calls 260.66 > 263.64 / Puts 258.44 > 255.19

AMZN 0.00%↑ Calls 97.85 > 99.62 / Puts 96.71 > 94.97

AMD 0.00%↑ Calls 82.36 > 85.06 / Puts 80.63 > 78.24

-Flint

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