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OPTIONS VOLITILITY LEVELS
Good morning, everyone. Today is Friday, September 4th, and yesterday’s trade plan called it perfect. As we know, we came off the Weekly significant buy spot that we’ve called out for weeks in advance at 7622.50. We let it be known on Tuesday that this potential level could take us all the way to 7800. With that being said, we had a monster push up on Wednesday, and then once again we held our Daily level at 7670.75 after sweeping down and playing 7661.50 for the daily progression — only to launch this yesterday right at the open, sending us up almost 100 points through yesterday’s cash session and into the overnight session, as price has rocketed toward our upper target area of 7800 that we’ve called out for some time.
This is a beautiful display of trade plan amazingness, and more importantly, a testament to the process. We were able to call all of this out in advance, before the trades even hit. It proves once again that VICI’s process is next to none, and I congratulate all those who took advantage of the past two days’ monster moves higher.
A Note on Today’s Market:
News: We have a major Red Tag news event at 8:30 a.m. — this is one of the biggest news events of the month and is sure to cause a shake. Be prepared for this, as it is all pre-market, and we will without a doubt feel the after-effects coming into the cash session. This will be a market-moving event, especially as we come off the Weekly leg and gaining on the Daily, and it could propel us all the way up to our 7800 target.
Volume: We have a negative Relative Volume of minus 20% coming into the morning, but this is standard protocol as we have a major Red Tag news event. I do expect this relative volume to either flatten out or increase throughout the day, which means we should get the full expected range today without a problem.
Range: Expected range of 62.75 points. However, we have been in an extremely tight overnight range thus far, only moving 16.25 points, leaving us approximately 46.5 points above or below the overnight highs or lows this morning.
Gamma: We have currently flipped from Negative Gamma to Positive Gamma, as our gamma flip level has moved below us to 7715. This insinuates that the options market makers are also pointed in the upside direction, giving us one more reason to assume we are in all buy-the-dip mode territory right now.
Trend: Up on all time frames. Yesterday we accomplished a major feat of gaining on the Daily time frame at 7746.25 on ES. This puts us up on the Weekly, Daily, 4-Hour, and 1-Hour, telling us we are in buy-the-dip mode territory only.
🧠 Current Market Context
The Weekly-to-Weekly Touch in Motion
We are still primed for more up. Yesterday we accomplished a major feat of gaining on the Daily time frame — a monster achievement, as they essentially retraced three days’ worth of price action in less than two, only to catapult us directly up to gain on the Daily at 7746.25 on ES, cementing the Bulls’ confirmation that they are here to stay.
