Spencer (@_RIEGLE) header
Spencer (@_RIEGLE) profile picture

Market Structure and Derivatives.

Chicago
Joined October 2011
Photo by Spencer (@_RIEGLE)Photo by Spencer (@_RIEGLE)Photo by Spencer (@_RIEGLE)Photo by Spencer (@_RIEGLE)Photo by Spencer (@_RIEGLE)Photo by Spencer (@_RIEGLE)Photo by Spencer (@_RIEGLE)Photo by Spencer (@_RIEGLE)Photo by Spencer (@_RIEGLE)
Spencer retweeted
$ES_F PLAYING FIELD WEEKLY structure set Sun evening, re-sets this Sunday. CONTEXT = NEUTRAL DIGESTION TRANSITION a pivotal market STATE. STRUCTURE = CRITICAL RANGE defined by the UP Pivot & DP Pivot. SENTIMENT BIAS = NEGATIVE at the UP Get the PLAYBOOK below #SP500
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Office Hours are live every Tuesday at 3:30 PM CT on the MKT.TRADE Discord. Bring your questions and we'll go over the markets together. Everyone's welcome. See you there: discord.com/invite/8H3482Rvf…
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bitcoin:native BULL TREND CORRECTION 82080 is the inflection point today that defines if yesterday's "CORRECTION" is going to persist by keeping #BTC below that directional pivot or transition back to a BULL TREND posture by reclaiming 82080. Use the 81455 PDC as lower validation.
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#SP500 POSITIONING INTO THE MID-TERMS The Monthly fact foundation for $ES_F. TIMEFRAME: PMH 7848.5 PMM 7711.75, PML 7575 STATE: BULL TREND SENTIMENT BIAS: +> 7429.75 MARKET STRUCTURE: 7872.50 UP, 7724.25 DIR, 7577.25 DP Everything till Nov 1st occurs within this framework.
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Spencer retweeted
Came up on the Merc floor in the '80s. Pits are gone, the job never changed — read what the market's telling you. Now on the @RTB_io Roundtable 100 Blue Ribbon Committee: the top 100 public tech assets, ranked weekly. With @TheStreet. roundtable100.com
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New TRADEVISION is up. The ongoing series covering the 10-YR T Note continues. Showcasing how to use the full Market Intellegence stack to break down markets. youtu.be/NWFr9IRqUuY?si=NxBQ…
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New TradeVision is up! We broke the bitcoin:native move down piece by piece. See how to use TIMEFRAME + PRICEMAP with the Navigator as your assistant through it all. Dive in here: youtu.be/JokKUUdckY8
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The market charges tuition. Every trader pays it. You know the feeling — in the moment, no clarity. You react instead of decide. Emotion picks the entry, emotion picks the exit, and by Friday you can't tell whether you traded well or just got lucky. Next week, you do it again. Here's why it doesn't get better: the market only ever teaches in disconnected lessons. A stop run here, a fake breakout there, a rally that reverses the second you commit. Each one costs you — but with nothing to measure them against, they never connect. So you keep paying for the same lesson and never bank it. What's missing isn't effort. It's a benchmark — a fixed fact foundation you can hold every one of those experiences up to, so a random beating becomes a readable pattern. And a pattern you can read is a process you can repeat. Consistency doesn't come from trying harder. It comes from having something that doesn't move to measure against. Let me show you — live, today, in the 10-Year $ZN_F . Last Sunday evening the Weekly structure was set: the 109-05 UP as the R — the week's Sentiment Bias (≈ 4.56%). Static. It doesn't move until next Sunday. That benchmark was printed before the week traded a single tick. The week's state was a Bear Trend Correction — and a correction has a job: rally against the trend. So when price pushed up this week, it wasn't a surprise or a reason to panic-cover. It was the correction doing exactly what the benchmark allowed. It ran straight to 109-05 — the ceiling we already knew — got rebuked, and the state rolled from Corrective to Digestion. Right at the number. Not luck. The structure told you where the state would decide. And the timing fits. Friday is the weekly Settlement — desks square weekend risk into the close, liquidity thins, the tape goes stop-and-go. Digestion is the base case; a one-way move is the outlier that only shows when too much leverage meets too little liquidity — and if it comes, 109-05 is the exact line that triggers it. You knew that in advance, because the benchmark handed it to you. That's the shift. Same Friday chop everyone else is cursing at — but you're not guessing. You had the structure (the fixed grid) and the state context (corrective → digestive), and together they told you what to expect and where. The decision stops being emotional because the framework already did the hard part. The market will charge you tuition either way. The only question is whether you have a fact foundation to actually learn from it — to turn this week's experience into next week's edge. That benchmark is what we build at MKT.TRADE. Structure first. State second. Clarity in the moment. #PRICEMAP $ZN $TLT
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Spencer retweeted
The 10-Year is doing exactly what a CR Rotational theme does. $ZN rotated higher off the 108-12 M DIR (≈ 4.68%) and is now pressing the top of the range — the 108-24 M CR+ (≈ 4.62%). In a CR Rotational theme, that's the tell: price rotates between the CR- floor and the CR+ lid around the DIR. The edges are where it pays to pay attention. The 108-28.5 PMM (Previous Month Midpoint, ≈ 4.60%) is the edge of the envelope. • Reject the CR+ → back to rotation, grind inside the range targeting the 107-27 CR- (≈ 4.76%). • Clear and hold → pressure comes off the yield side (rates ease) up toward 109-07 (≈ 4.55%) for the week. News moves the market. Structure tells you what the move means — and whether it has value. Full read mkt.trade/tradevision/10yr-t… #Rates $TLT
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The news doesn't tell you what to do. Neither does the Playbook — you make the decision. What it does is define which tactics fit the condition, and where to execute them. Three questions to ask before you put capital at risk: STATE — what's the condition? STRUCTURE — where is price operating? STRATEGY — what tactics are in alignment? $NQ today, textbook: ▸ State — Neutral Digestion: sideways, don't chase ▸ Structure — negative bias, R = UP ▸ Strategy — SELL UP FADE Price rallied into the UP and faded — Neutral Digestion performing to expectation. The last day of the month, deep in the settlement phase, reinforces the state. Same three questions. Every market. Every day. mkt.trade/playbook.html $NQ_F #TradingStrategy
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If you missed Spencer’s @_RIEGLE latest session, here’s your chance to catch up on how he approached recent BTC and ETH reversals using Bookmap’s order flow tools. 📣 Which crypto pairs do you track most often on Bookmap? Drop yours below.
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DON'T FIGHT THE TREND $ES transitioning from a NEUTRAL DIGESTIVE MKT STATE over the WEEKLY R LVL (6765.24). IF the MKT is good, positive price structure should continue validating the BREAKOUT over 6840. Initial TGT = 6902.75 Price under 6776.5 (R) puts the MKT back on its heels, for a REVERSAL back to the DIR (6646.72).
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Busy day in $ETH, here is the PriceMap breakdown: MKT STATE = NEUTRAL DIGESTION TRANSITION - Suggesting potential for a BREAKOUT session. 1. PRICE validates a BUY R BREAKOUT INITIAL TGT: 3513.56 SECONDARY TGT: 3624.09 OBJECTIVE TGT: 3734.62. 2. PRICE ATTAINED INTIAL TGT. 3. PRICE activates SELL UP REVERSAL invalidating SECONDARY + OBJECTIVE, now targets 3414.80 R. 4. PRICE ATTAINED. PRICE triggers SELL R BREAKOUT INITIAL TGT: 3292.49 SECONDARY TGT: 3181.96 OBJECTIVE TARGET: 3071.43. 5. INITIAL TARGET ATTAINED. 6. SECONDARY TARGET ATTAINED.
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#Ethereum #ETH Q4 OUTLOOK - TIME TO PLAY A CARD - #MarketUpdate darmacapital.trade/tradevisi…
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Last week, Spencer Regal broke down the crypto market’s summer playbook and why this is not the time to force trades Here’s what we covered: 🔍 Bitcoin is still in an uptrend, but it might pull back before going higher. If it breaks above 108K, the rally could continue. But if it drops to 104–106K, that’s where buyers may step in 🔍 Ethereum is holding steady, but it needs a spark to really move. If it stays above 2,501, it could climb toward 2,700 or higher. But if it falls below 2,501, we could see it drop toward 2,406 before finding support Spencer also showed how to use the Bookmap liquidity heatmap alongside DARMA’s price models to spot where the real buyers and sellers are hiding ⚙️ Summer volatility is low. Options are cheap. So the question is: will traders sit on their hands... or will the market finally break? Today, he is back to see what’s changed and where the next move could come from. ➡️ will Bitcoin finally break above 108K? ➡️ is Ethereum ready to run or are we stuck in more summer chop? Spencer’s live with his latest crypto outlook, market levels, and options setups plus a deep dive into what the liquidity heatmap is showing right now 💬 What’s your call for this week: are we heading higher or gearing up for a pullback? Drop your thoughts below 👇 📅 Today’s Live Sessions with DARMA Capital Trading: • 4:00 PM (ET) – Crypto and Options Strategy 🔗 Watch it on Discord: f.mtr.cool/yrjrxxutfw 🔗 Watch it on YouTube: f.mtr.cool/odhceybicy
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🛡️ Are the markets done reacting to Middle East tensions or is another move coming? 🔍 Last month, Spencer broke down the US strikes on Iranian nuclear sites and why the market’s reaction surprised many. 📉 Oil spiked and then reversed. Crypto dipped and bounced back. But is the dust really settling? Today, we’re diving deeper: ➡️ What’s next for Ethereum and Bitcoin this week? ➡️ How does the latest Bookmap order flow shape the trade setups? ➡️ Are we still in digestion, or is a breakout brewing? 💬 What’s your take? Are you leaning risk-on or staying defensive this week? Drop your thoughts below before we go live. 📅 Today’s Live Sessions with DARMA Capital Trading: • 4:00 PM (ET) – Crypto and Options Strategy 🔗 Watch it on Discord: f.mtr.cool/xgogyvgmuc 🔗 Watch it on YouTube: f.mtr.cool/kvnytngecs
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Spencer retweeted
Tomorrow is the day! Join the Opyn team and @danrobinson tomorrow at 7 pm UTC, to talk about their recent research paper, Everything is a Perp. All questions are welcome... and yes, alpha will be shared. teapawt.net/i/spaces/1rmxPMrbwVEKN

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