OIL still holding the 100 dollar big fig, driving short term order flow. And it looks like it wants to go higher.
Oil bulls have been getting chopped up, same as sellers. Today is the day we find out who has price. The near term sellers, or the longer term bulls.
They bought the 21 week.
Its a rates and oil story out there. Oil testing Oct Open for support expect near term vol. I like it lower as long as it is under quarter res. (97)
We also have ETF break even here, it was where BTC topped out last time.
Maybe this with dollar firming up is enough to help out the bears. . .
With BTC being strong, while the dollar is firming up, its hard to be bearish just because dollar strength.
It would have been an easy play a few months ago, now not so much.
This thing has signaled low vol many times since IPO it feels like a squeeze is coming soon.
#SPCX






















