Valois Capital Management, LLC :: Opinions are my own and often those opinions speak in GIFs

New York, USA
Joined June 2015
Michael Bento retweeted
Yep, highest vote turnout since 1981 is definitely not a good sign for Netanyahu as I warned - if Netanyahu loses, Trump influence in the Middle East and eventual military plans post US midterm elections will be undermined
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I wouldn't call it FOMO with the pathetic volume today. Price is just getting pushed around by dealers.
Looks like FOMO… did not expect this.
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3,048
Once again the 0dte gamma was the telltale sign. What on the chart looked bleak this morning turned out to be a trap and gamma gave us a good dark pool level to dark pool level move up. Though I can't help but be a little concerned that we are running up into FOMC tomorrow.
Starting the day off right with another rejection of the 50dma. The one bright spot is there is a lot of gamma action in the 767-768 area for 0dte.
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3,622
Starting the day off right with another rejection of the 50dma. The one bright spot is there is a lot of gamma action in the 767-768 area for 0dte.
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39
6,760
This war might be over before the end of the week
JUST IN: Gadi Eisenkot, Israeli opposition candidate with huge chance of wining the elections says Iran didn’t have nuclear weapons “Netanyahu is delusional, he knew Iran did not have nuclear weapons”
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111
19,081
That’s more like it
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5,737
The KOSPI sure does love gaps. And yet, it still couldn’t make it far enough to invalidate the bear flag.
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5,372
Michael Bento retweeted
No long write-up today because across other assets everything is pretty much the same as the Friday write-up and look to be in a holding pattern until FOMC on Wednesday. $SPY has once again rejected the 50DMA, not good. We also closed just a whisker below the 765.40 dark pool level. We did however re-establish the massive dark pool level at 762.27 as support this morning, but we need to see it remain above for a few more days to have any confidence we established a floor there. Looking at the hourly it would appear that we are set up to roll back over tomorrow morning, and given how the gamma profile has put walls at 755, 750, and 745 with 755 being the largest, and the call wall at 765 is all 0dte, it is likely the 755 put wall acts as a magnet at least until FOMC which could act as a stick save or a force multiplier. I don't see us breaking down the 762.27 level tomorrow, but if the Fed is hawkish even without a hike then we could be looking at a decisive breakdown by Thursday meaning we are in the early innings of a correction right now. Bottom line, we cannot know for sure what the direction will be here until we are through FOMC and Wednesday's earnings.
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6,350
No long write-up today because across other assets everything is pretty much the same as the Friday write-up and look to be in a holding pattern until FOMC on Wednesday. $SPY has once again rejected the 50DMA, not good. We also closed just a whisker below the 765.40 dark pool level. We did however re-establish the massive dark pool level at 762.27 as support this morning, but we need to see it remain above for a few more days to have any confidence we established a floor there. Looking at the hourly it would appear that we are set up to roll back over tomorrow morning, and given how the gamma profile has put walls at 755, 750, and 745 with 755 being the largest, and the call wall at 765 is all 0dte, it is likely the 755 put wall acts as a magnet at least until FOMC which could act as a stick save or a force multiplier. I don't see us breaking down the 762.27 level tomorrow, but if the Fed is hawkish even without a hike then we could be looking at a decisive breakdown by Thursday meaning we are in the early innings of a correction right now. Bottom line, we cannot know for sure what the direction will be here until we are through FOMC and Wednesday's earnings.
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79
6,350
Get ready, he’s about to do something really desperate that will undoubtedly affect oil.
🚨🇮🇱🇮🇷 Netanyahu is facing a demand for a CRIMINAL investigation, over allegations he tried to drag Israel into war with Iran before the election. He's literally being accused of TREASON.... Israeli opposition lawmaker Liberman says he formally asked the AG to investigate Bibi, accusing him of pressuring security chiefs over the past month to take actions that could trigger a dangerous miscalculation with Iran. Liberman alleges the PM was willing to risk IDF soldiers and a wider war because he feared losing the election. Could he end up in PRISON if he loses tomorrow?!? Source: @AvigdorLiberman / Writer: Samuel
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5,713
Hope you’re all ready for sideways action at this level, because that’s what we’re getting tomorrow and Wednesday morning before FOMC.
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5,776
Looks like 0dte spot GEX is going to be pinning us at 765 today. Well we got my bounce and I just sold my calls for a cool +22%.
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4,613
Uh oh, not looking promising for my calls
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8,036
Don't forget to read the Friday write-up as you prepare for this week of trading.
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In addition to FOMC this week we have MSFT, GOOG, AMZN, and INTC earnings. the first two being on the same day as FOMC.
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I’m from America. How can I get my money back?
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Michael Bento retweeted
BREAKING: Netanyahu says Israel has fresh intelligence that Iran will launch attacks to disrupt the Israeli elections on Tuesday, and that Iran now poses a "real and tangible existential danger." "This is the window of time we have left to complete the necessary work to ensure our physical existence for the coming years. All the required resources of the state must be invested in this mission," Netanyahu adds. It comes after Netanyahu yesterday said that Iran has restarted its nuclear program and "wants to destroy us within a short time." The IDF Chief of Staff warned yesterday that restarting the war this close to the vote would force it to be postponed indefinitely.
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This macro analysis for subscribers is more massive than I planned. I’m still writing. So I’m aiming to get this out by Tuesday. No matter what I plan on having it out before FOMC this week. Sorry for the delay again, I didn’t want to half bake it and push out garbage, especially since it’s for paying subscribers. If you all haven’t figured it out yet, I’m my own harshest critic and hold my work to an impossibly high standard.
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