Tic Toc Trading

2021-03-05 15:13:27 Good morning traders. Few notes on overnight action :

1. Neutral order flow. Defense of lows 3732 but sellers at 3775. Algorithms are awaiting RTH confirmation. Awaiting NFP. But just like yesterdays’ jobless claims, any good news for economy is bad news for the market now.

2. Key driver remains rising rates and rising cost of labor/material. Add rising dollar $DXY to the mix at $91 and you take all starch out of S&P500.

3. Another development is perception “stimulus bad! Deficit very bad!”. I have said for months, supporting S&P500 at any price will soon become deeply unfashionable with politicians. We seem to be headed in that direction with recent comments by Yellen/Jerome etc.

4. So to summarize, if we revisit the lows around 3730, it may break and expose PLOD 3720 and 3680/3666 beyond. If we bid above 3776, 3803-3811 may offer some resistance. Now 3774.

Feel free to share the note. Open / Comment

2021-03-04 21:52:39 As expected, a drop into 3770’s, and dip got bot at one point with sellers reentering. Good morning folks: 1. Watching 2 levels 3840 and 3756 today. Now 3790. 2. Initial thesis is expected panic selling by retails which may get bot in low 3750s. And… Open / Comment

2021-03-04 20:37:55 WHAT AN INCREDIBLE DAY. POWERED BY ORDERFLOW Open / Comment

2021-03-04 20:31:48 As expected, a drop into 3770’s, and dip got bot at one point with sellers reentering. Good morning folks: 1. Watching 2 levels 3840 and 3756 today. Now 3790. 2. Initial thesis is expected panic selling by retails which may get bot in low 3750s. And… Open / Comment

2021-03-04 18:10:51 As expected, a drop into 3770’s, and dip got bot at one point with sellers reentering. Good morning folks: 1. Watching 2 levels 3840 and 3756 today. Now 3790. 2. Initial thesis is expected panic selling by retails which may get bot in low 3750s. And… Open / Comment

2021-03-04 14:02:21 Retails seems quite long still here at the lows. I do expect some sort of balancing action between 3820-3850 next few days, with rejection at 3770 before a push lower into 3600 handles to decide next long term move. Now 3795. Void if balancing of at-least… Open / Comment

2021-03-04 03:21:32 Retails seems quite long still here at the lows. I do expect some sort of balancing action between 3820-3850 next few days, with rejection at 3770 before a push lower into 3600 handles to decide next long term move. Now 3795. Void if balancing of at-least 2 days doesn’t occur at 3820-3850 Open / Comment

2021-03-03 19:39:27 Open / Comment

2021-03-03 19:39:26 Past 3 weeks, only 3-4 orderflow levels controlling market: 3834, 3911, 3931, 3947. All provided by me for free.

Resolution will come but only on D1 close beyond these. Today prime example, got us 75 points off 3911 off Sunday night gap up. Now up +35 off 3834, 1 tick of MAE.

110 point range . Will lead to a large sell once range breaks. Now 3866.

#ES_F $SPX $NDX $SPY Open / Comment

2021-03-01 17:02:19 Futures are bouncy over night. My orderflow pivot is 3834.

Sell if offered below . Targets sub 3780. Mild bullish above . Now 3854. Open / Comment