Matt Pedini
@mattpedini
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Computer engineer above average, trader above average, tbd
Joined September 2021
#spy 4h. That gap between those 2 boxes is gonna be filled an another fair value gap which will become a new resistance. I should have held on to my 564 April puts From noon today. We are headed south
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#vix weekly reminds me of July. Expect couple months of volatility. Every weekly pullback relief rally or else pressure cooker still has pressure.
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Sometimes, there's a chart that just blows your hair back. In 22 years of doing this, none stand out like this one. Last week, institutional traders bought $8.1 billion worth of put options. They bought less than $1 billion in calls. This is 3x more extreme than 2008.
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