#ES_F FVG at 5640 area.

I read this somewhere and couldn't be more true 👇 If Trump was going to destroy America, he would have done it in his first term. If Kamala Harris was going to help America, she would have done at least something these past 3.5 years.

Good Morning! If you ever had doubts about the power of option hedging, yesterday should have shed them. The day started with an equity selloff, likely catalyzed by a recalibration of SOFR futures to express the higher likelihood of a 25bps FOMC rate cut instead of the 50bps

#ES_F Monday and Tuesday VPOC/Most traded price was 5479.75 and 5479.25. Todays shifted up, now 5482.00. PS 10-Year Note Auction 12:00 CST

#ES_F 10 day RTH ADR including today is 75.9. We are at 76.75. (5424.75 low)

#ES_F 480 all session. VP RTH. Need over 5505 area then 5511 for 5530/33. CPI dependent.

#ES_F 3-Year Note Auction 12:00 CST PS There were 2 sets of TPO singles that were filled/repaired/auctioned. You know why.

#ES_F

#ES_F VPOC (Volume Point Of Control/Most traded price) shifted down to 5500. Accepting lower value/prices. Why would you say that? Well, it is. That is why it is now the VPOC. PS Markets are dynamic, always.

#ES_F 10 day RTH ADR is/was 65.75 area. We are at 60. Gap fill at 5487.75. You can do it. Don't be a girlie man. Is that okay to say today? Don't make me slap you.

#ES_F Initial bounce off LVN (Low volume node). Important to know/see why they are formed.

#ES_F 5530/33 accepted area. May need to get over yesterdays value area high at 5544. Also is the RTH 50 day at 5543.24 area.

#ES_F Back to previous accepted area. Why? Price like it before. AMT

#ES_F Weak low taken out. Now go fill the gap you bastard. jk (ES 5487.75) PS How about halfgap then? (5507 area)

'VIX Options Are Simply Broken': Nomura Questions Dealers' Positioning Versus "Economic Landing Path" Tensions

#ES_F Current top 15 weighting in SPX. Top 3 19.64%

#ES_F From a TPO (Time Price Opportunity) standpoint there is a weak low. Auction usually ends with excess like at highs shown. PS Would prefer to close 8/14 gap at 5487.75 while down here. Why? Not auctioned yet.