1. The whale added all of those calls at 11:01pm EST. You can see this in the pic below with all of the orders executed at or above the ask
Also, the volume is over the existing open interest - A sign that this is directional buying
Quiet day today waiting for Powell at 10am tomorrow. Daily sell signal is in place till Friday/Monday
Similar setups to this have been in
May 23
June 20
July 16
Aug 1
4hr and daily pivots are bearish
We closed below the 20dma
NYSE 4hr breadth is bullish (important)
Powell cautiously tees up a cut: “The balance of risks appears to be shifting.”
While labor markets remain in balance, “it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers.”
“This unusual situation suggests that