@NicholasFNS
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Using Tide and Periscope to Scalp!
Why I love using Periscope and Market Tide for scalping:
Net Put premiums (both ALL and OTM) rising, despite $SPY rising
NO GEX anywhere; best is WAY above, -GEX at 5680 (unlikely) so tried a test of +GEX at $5650
Series of $MNQ shorts into close
Pop in NCP despite pullback from highs
Decent pop in call premiums during a small $SPY pullback off highs there, $SPX chillin' in this range of positive GEX
They gonna take out the high finally or reject? WDYT?
NVDA up 4.5% this week, still down big YTD
$NVDA still down 17% YTD, but has clawed it's way up about 4.5% this week
NPP trying to hold on, Neg. GEX up above
Net Put premiums are trying to hold on, while $SPY / $SPX keep plugging along in the uptrend
Curious to see what happens; a little Posi and Negi GEX on the way up, right here, and heavy negative GEX at $SPX $5,570
Periscope; bumping against positive GEX
$SPX currently touching on the largest positive GEX it's hit OTW up so far at $5,570; net premiums have flipped bullish, as well, on ALL; only slightly more bullish on OTM-ONLY
Came pretty sharply after a brief peek into the green; see if put buyers can hang onto that and start a trend
Market Tide holding uptrend all day
Not a single callbuyer is convinced by any of these pullbacks today so far; holding a consistent uptrend right in line with $SPY/$SPX