Market Profile 06/09/2021

Profile is still unchanged and no important patterns showed up. I wanted to point out something else here. I was analysing some cumulative options flow which you can see on a screenshot below. It seems to be quite cyclical and we are in extended “expensive call” teritory which suggests that flow should get lower soon making a pullback in a market. Its hard to gauge exact moment just by this chart alone but in my opinion trading long now especially for swing trades is quite dangerous.

Strategy Status:
Trend following: long 4430 (Aug 23)
Pattern: key bullish support entry.

Other Markets (updated around 18-19 NY time)

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