Mastering the art of Trading

February 17, 2023 EOD: We got partial inventory correction at the opening, found resistance at the ON single prints and stayed choppy most of the day around the opening level closing below Prior day's Low. Profile shape is like "b", VPOC and TPOC are around : ~4067. High is Poor but Low has good excess. only 1 weak level formed today. Key nuances & Options focus: 1. Trend on Daily & is Down but balancing, Up but balancing on monthly. 2. Since we got a close today back within 11 day balance zone, the downside target of 4000 is only applicable once we get a daily close below 4069.75. for now, the upside target above 4069.75 is 4208.5. 3. Play Options based on the LIS levels: Calls above 4090.5(Bullish - Long), Puts below 4069.75(bearish- short), Sell premium in between as its going to be Choppy(sideways price action). Upside & downside targets are indicated in Green arrow's in the chart. @everyone have a great weekend!

In depth analysis for next week. 

**February 10, 2023 EOD: ** We got the full inventory correction at the opening towards settle. stayed choppy within the spike zone most of the day. close also happened to be within spike zone ( prior day's range).  Profile shape is  almost balanced but slightly like "P", VPOC and TPOC are around : ~4088.  High & Low have good excess. only 1 weak level formed today.  **Key nuances & Options focus: ** 1. Trend on Daily is Down but balancing, Balancing on weekly, Up but balancing on monthly.  2. Since we got a close today back within 5 day balance zone, the downside target of 4000 is only applicable once we get a daily close below 4098.5. for now, the upside target above 4098.5 is 4208.5 3. Play options based on the LIS Levels: Calls above 4104.25, Puts below 4069.75, in between these two levels its going to be choppy. @everyone

February 3, 2023 EOD: We got the full inventory correction at the opening towards the settle, filled the gap and single prints in that process. below prior day's low 4153.25 we had stayed choppy for most of the day. price finally closed around POC below prior day's low. Profile shape is "b" but resembles a double distribution . VPOC, TPOC are around the mid: 4150. both high and low have good excess. only 1 weak level formed today. Key nuances, options focus: 1. Trend is down on Daily, Up on weekly, Up on monthly. 2. Play Options based on the 2 day balance LIS levels: Calls above 4208.5(Bullish - Long), Puts below 4135(bearish- short), Sell premium in between as its going to be Choppy(sideways price action). Upside & downside targets are indicated in Green arrow's in the chart. @everyone have a great weekend!