Flusso Degli Ordini di Trading in Bookmap | Panta Rei Capital

Can you hear me? Yes. Perfect. Perfect. Perfect. So now I start from OBS. Okay. Okay . Perf. Transmission and recording. Perfect. Last check that everything is in order. OBS okay. Discord is fixed. Very good. On Discord I open the chat. No, Pantalei's chat. Okay . Ok, here we go . Good morning everyone, as always I'm Serbin Yuri from Pantare Capital. Today's event is a little different, the streaming will be live only on Discord, so to my collaborators who follow us on Discord I ask you to share the link for anyone who wants to join the latest. After the recording, however, it will be published on YouTube, so for those who miss it, there's no problem. So, what are we starting with today? Well, first of all, these have been interesting weeks for the indices, very very, very volatile, very frenetic. Just a second, I'll check to see if I have any messages. No, there are no messages. OK perfect. Um, very, very hectic, very volatile sessions. Eh, this week we've been mostly in the negative range, okay? So gamma flip short almost all the time and in fact it has been seen, for those who haven't followed the indices this week they have made a bloodbath. And in fact this week I tried to trade only in the morning, so in the London session which is actually where we are in Italy, for us it is not a problem to trade in London the volatility is compressed, even if there were some days there too which were a bit so-so . Well, today we'll show you , let's do something quick, let's see if I can do it in a short time. A quick briefing with Python that I will give you for the ES, that is, for the SNP. Then copy path make s. We're waiting for him to do it for us. Let's see what they say. What does the macro say about the S&P 500? Okay. Well, so, today we have the absorption indicator, okay? So it's an indicator that shows where and how much there were draws during the trade. Basically for those who don't know what an absorption is, it's a market event, okay? which in short is only discovered after it has happened, there is no way to anticipate it, clearly. And what does it consist of? It consists of executing a certain amount of orders within a certain time frame, okay? But that didn't bring any results. What does it mean? If I have the bid, okay? aggressive against the limit buyer. I have maybe a large volume execution like here, okay? But the price, instead of falling as it should, reverses. Okay? That's an absorption. It has to happen within a certain time range and above a certain threshold. You can determine the threshold yourself or you can write an indicator that you use or write a dynamic analysis where you take the performance of the candles in the last maybe 2 hours, okay? and says: "Okay, in the last two hours add up the performance on the 15-second timeframe, see what the average is, distribute it on a Gaussian and tell me, okay? all those executions that happen beyond a certain probability, maybe I don't know if I have an average of three orders on time and sales, if I suddenly find myself with 12, that goes beyond 95% of the trades that occur during a session or during a timeframe. But these are already programmer details, but it's also very interesting to understand from a mathematical point of view, since I 'm also dabbling in programming to make custom indicators, let's say. Um, it's very interesting to understand the logic behind it. The easiest way is, especially to spot the iceberg orders and use the order, so after that too the absorption is strictly connected, in some situations, to the iceberg order. Okay? Basically. Let's see if... Okay, basically here it is, it did the... it did the... document. Let's see what it tells me. Okay, here it is. Okay, let's wait a second. Here it is. Daily brief on the S&P 500 futures. Okay, the futures are important because first of all I trade futures. The analysis, however, would be different, very different if we took the spot market into consideration. Okay, that's a very different matter. So, first of all, negative gamma regime, as I mentioned before. The decisive level is 747. Let's see if we see it right away . A little zoom out, maybe we can do that with the time slice. Let's see if setting it to an hour where it fits me. We need to widen it further. Here we are . Hmm. Anyway, in the last hour, okay, the CVD already tells me that in the last 4 hours the CVD is actually almost at zero, that is, you can't say it's positive on these thresholds, but it was positive for most of the time, so it's the accumulation. Basically, in this session the accumulation was very positive, so someone could also imagine that, uh, today the gamma flip is acting as a pinner, okay? So maybe it will make me rise and then stay around the area, to the flip gan area. Oh, oh, not only that. Okay, they tell me that the volume is low. Okay, I hope you feel better like this, okay. In theory, okay, I'm at my maximum. Okay, so, so, in the meantime, the SP is going down. We can immediately see that we have a large liquidity area here. The largest is here, around the halfway point, okay? So this is already an important clue as to where the price could go because I immediately see that the mid-round buyers are repositioning themselves, accepting lower prices, which I do n't see the other way around. Okay, this is consistent with the negative range regime , okay? So every downward movement is amplified. Marketers sell structural weakness when the rising price fails to break certain structures, and it doesn't necessarily mean it can't break because it's absorbed, because basically there's a lack of long pressure. Um, okay, let's see that here we have an absorption that has been there, okay, during all the sessions. I loaded 12 hours of trading, okay, with this one with with Bookmap now and I see that in the last 12 hours there has been a good absorption here, inevitably around an area where there is liquidity. So I have a small reaction from here, I could even expect it with always being careful for the simple reason that, um, we're at the maximum on the chart. Ok. Ok. Even on the daily we can see that we are in CVD, um, neutral basically because in reality last night, yes, last night we were strongly negative because there was a further decline of this kind, okay? Where I have a block here and a range here, that is, a range here and a range here. So basically now I'm still in range. This is the level that keeps me on the whole scaffolding. Here I have significant absorption. I see that I have 105 executions. Another one here. 1 2. Perfect. So my range is concentrated on this area here and this area here. Ok, perfect. Very interesting. And below here, around half round instead we have a, uh, a large area of liquidity. And how far is the opening? 18 minutes. Ok. Anyway, in a negative range when you're at all-time highs, it's never a good idea. Let's see. Wait just a second. Oh, Cris Volume, I increased it. I hope it feels better fundamentally. Ok. And another thing to note is that it has 703, 69, and 60. So anyway, in this area here, we also have a price range where previously, ok, both the POC of the SVP and the POC of the SQC were present. So this area has been very active, ok? Both in terms of algorithm activity and order execution. So, ok, here too, be careful when the price gets here. In fact, I would draw it with a nice, oh, horizontal line, like this. Ok? So even if we were to go down, oh, slice by slice, let's say. Let's try a 15-minute period, see what it does. Let's do 15 minutes and then stay there. No, I don't like 15 minutes. If I do it like this. No, I don't like it. Let's do it. Let's do it. An hour. An hour seemed like an optimal middle ground to still have a vision. Okay, there's just been an absorption. Okay, basically there's been initiation absorption. This could basically already be a setup up to where? Up to here, no further. Okay? Because here we immediately see a block of, eh, absorption on the limit, therefore on the Ask side, which we can also see directly here, eh. And so we have this double limit, okay? Which, eh, for anyone who wants to take a long, perhaps from here, short, basically either stops here or stops here. I would also consider stopping here. I would also consider not taking the long at all, given that we're, eh, in the pre-opening and we're in negative range, by the way. Okay, let's see what it tells me here. Okay, there's something wrong with writing something with Python. Gam Flip doesn't show up. Oh well, it doesn't matter. Max Paint, however, yes, I'll investigate later. So, 7360 is the top 1 wall, 12% of 0 and 70 million open m. Okay, interesting. The area with the highest 0 is 7467, as you told me before, so it's on the rise, which makes me think that, as both the S&P and the Nasdaq have done over and over again, the opening will give me a rise of maybe 100 points and right up to 7460. After that, the market makers start to move and you'll see the price collapse again. By the way, today I also have Quantower open, maybe we'll use it to go on the daily and just turn off this one. Maybe we'll load a little more. Hopefully, we'll turn off the cluster. Let's turn off this one. Let's remove these ones that are useless. Okay. Well, we can actually keep the cluster. Oh, okay. No, I'm not keeping it. Perfect. Okay, anyway, let's see. Oh, or without standing there watching. Oh, but I hadn't created this indicator here. It loads it. Yes, we are clearly in a situation where the market is starting to retrace in a way Considerable, also because take a look, here we are in March or April, because I remember it was around the first week of April when the market started to worry about the war around the Ermutz Strait. It doesn't load on this time frame. Okay. And around the Ermutz Strait, the war started to ease. There was this explosion in the upside, determined fundamentally by two things: the end of the war in the Ermutz Strait, that is, the possible end of the war in the Ermutz Strait, and above all by the trend towards A, given that Chloe was printing artificial intelligence models like there was no tomorrow. Um, this further fueled the IPEP. Now, however, the market is discounting certain situations. For example, if capex, for those who don't know, is a situation... how can I say it, how can I explain it without overcomplicating the concept? Capex, as far as the American tech sector is concerned, is entirely focused on the production and sale of... all of these... all those products related to artificial intelligence. What's the problem? Yes, by Capex he means a situation in which the company is investing large amounts of money without actually seeing a return. It can be sustainable for a medium period of time, okay? Not for a long period of time because companies still have to generate revenue. If you're Google, okay? If you're Openi, what you could do is go public and save yourself thanks to the IPO, which is what it's doing. I won't say anything else. Well, basically that. Okay, as you've seen, as soon as this movement has subsided, let's say, let's see if I can... Perfect. I'll slowly zoom in a bit. See? And you see how during the negative gamma, every downward movement is greatly amplified. Okay? There's almost the entire ASC movement, it almost seems quite... um... There, you see? Absorption just came. Interesting. Another one. Interesting that I didn't notice this one. It's segmented here. This was a very, very important discharge and in fact I received the news on Financial Juice. What does it say? And United Arab Emirates. Oh, in retail cell phones. The United Arab Emirates have received warnings about possible missile risks. Here, the short case has just been explained. The problem is that it's arriving a little late. Okay, let's try zooming in again. Let's try, let's look at some microstructure. A quadruple absorption. This could now come back here to continue shorting later. These are the setups that you either have to pick up quickly or leave alone. Besides, you can still see the nervousness in this movement here, okay? You can clearly see the nervousness because the SNP lost, uh, 15 points in less than 2 minutes, okay? For the SP, that's not a small amount. Fundamentally, very interesting. It went to get this liquidity, absorbed it, and even executed more orders than were perhaps positioned here. Exactly. And then it took back the whole movement. Okay, let's see if there was anything else interesting written here. A crappy picture. Here, okay, the F curve discounts the rise in interest rates, because this could be a problem for the indices, because the Indexes, and so if interest rates rise, the cost of money increases, the production of money, that is, the money supply decreases because banks have less liquidity to lend. Fundamentally, at a systemic level, money starts to cost more, the dollar starts to cost more. If the dollar costs more, fewer dollars are needed to buy shares, because the value of shares is not determined by the dollars themselves, it is determined by the fundamentals of that company. Okay? Then the value expressed in dollars depends on the inflation of the dollar itself, as well as the value of the individual share. Okay? So if, for the same value of an asset, I have the dollar, the inflation that comes with the inflation of money is curbed and money in the short term starts to cost less, okay? Well, excuse me, it starts to cost more because if the share falls, the cost of money fundamentally rises, uh, so the money supply shrinks. This is for indexes, which are precisely baskets of shares. For indexes, this is a bearish phenomenon, but simply because they are revalued with the new yardstick. which is the dollar. Okay? So portfolio managers must take into account the ongoing inflation because they have to recalibrate their portfolio to remain perhaps, I don't know, it depends on the management team they use, but basically, if you want to remain beta neutral, they have to recalibrate their positions based on the value of the dollar itself. Okay? But here we are now, we are going beyond the microstructure of Nasdaq futures. Okay? But everything is fundamentally correlated. This is to say what? That Nasdaq futures, being the underlying, being a derivative of, sorry, not the underlying of Nasdaq futures, being that the NASA of the SNP , the SNP futures, being a derivative, okay, it prices future prices because that's what it's called futures for, so it always costs slightly more than its reference spot. Um, but futures are used in what is the entire financial engineering package , okay? As a phenomenon, derivatives are used as a form of edging, okay? So futures can be like Options, eh, to hedge your positions in stock portfolios, okay? Because there too, it depends, I don't know, what the beta is between S&P and, eh, Google, or certainly lower than the beta between NASAC and Google, okay? So based on how much one is exposed to one sector rather than another, one must leverage or load up on a certain sector also based on the value of the dollar, necessarily, because the value of the dollar determines how much an asset actually costs . Okay, but the cost of the casino casino. Anyway, in the short term, I have CVD on the rise, okay, but it doesn't mean anything. Basically, we're in short range. I'll check if I have any messages. No, I don't have any messages. Perfect. So, we're back around the short- term PIN, that is, the POC of the SVP. 6 minutes to go until the NASLEC opens. Okay. Activity has reduced around the SQC. Absurd, anyway, eh. Absurd. I really like these situations . Okay. Where you can see at a glance that there is, eh, there is frequency. in algorithmic activity. Okay? There too, we too, like Pantarella, are doing a whole study regarding, what's the best way to effectively spot an icebag order, okay? Having or not having the order ID, because that depends on which data feed it has. Okay? I remind you that yes, Bookmap has its own feed, which is an MBO, okay? A market by order. And how do you understand that? You see, for example, these little white lines here, this represents, no, it doesn't tell you, okay, here is this quantity of orders which in aggregate are maybe 52, okay? Of these orders here, half belong to a trader. Okay, we're on mini mini S&P. Okay, on the micro this line would be much narrower. In my opinion, because it's more traded by retail, while the minis are much more traded by large institutional companies. Anyway, CD which is an LLC, okay? He doesn't understand what he wants to do when he grows up. This is the calm before the storm, guys. This is the calm before the storm. Let's go take a look, maybe up there. Oh uh uh. Tac tac. Tac. Yeah, come on, shut up. Okay, wait, I'll close it. I'll open it again. Close this one. We can close this one here. Let's open this one. Perfect. Let's wait a moment for the tralaller to light up . Bearish pressure increasing. Okay, we've come out of this zone, this equilibrium microzone, because it really is a microzone. Acting as a market maker here, in my opinion, is wonderful. Okay, maybe we'll do something, since I'm sure that being Friday, being Friday, um, and being in a negative range, given that we've had a very nervous whole day, all week, I would n't keep the opening in microstructure, but I would keep a slightly broader eye, so to speak . He unloaded here. I, I, I, if I have to make a forecast, because forecasts are n't made, but if I had to make a forecast, I expect version 1 S&P to appear now. They're coming in around this area. Okay, so now it's going like this and then it continues to decline. Anyway, you can see how it's absorbed again exactly at the level we marked with the red line here. Okay, so it's interesting that this has already reached one of the lowest levels we'd chosen, so this could already be a kind of hint that they intend to unload today. Okay. Oh, I haven't told you at a fundamental level what's happening about why NASAC has now gone into negative territory. It went into negative territory because, because of Kix, companies are suffering. That is, if a company like Google arrives and instead of investing 70 billion, it goes looking for external investors in the production of artificial intelligence models, it means that it 's not really that sustainable. If even Google, which is considered an industrial giant on a par with Microsoft, okay? If even Google is struggling to finance itself, what do we say about other companies? So, because of Kapix, we're risk.com 2.0. The problem is that now the money supply in circulation is, I do n't remember how many times higher than the 2001. And above all, compared to 2001, everything is much more concentrated on a few titles than in 2001. In 2001, everything was basically concentrated on one sector , but it was already more distributed. But actually, back then, almost all the companies that had the .com name didn't make any money. Now, however, it 's not so drastic. The problem is that the costs aren't sustainable. Maybe a company like Google manages to make money, Nvidia holds the whole thing up, because Nvidia is now doing things, I mean, outside of any human imagination, I mean, I think they have aliens in the lab. Okay. Okay. The American company has opened, they're distributing. Okay, this is the same situation we saw before. Okay, this is where I noted those absorptions that I had considered important. So now all the structure is held by these gentlemen here. Okay? As you can see, the evil is going down. Okay, let's see the same situation right away. Okay, let's see a few minutes. that the volatility decreases and then we'll go and see. Well, let's try now, we have plenty of time to wait for the chart to re-aggregate. Okay, it was less serious than expected. As you can see, I've had several situations where buyers tried to gain the upper hand and executed a bunch of orders and then bye-bye . Okay, my first theory was that it would reach these levels here and then continue short. Here we are around 7380. Let's see what we have at 7380. At 7380 we have this block of absorption that could be interesting. The next block is this one and then again. But here, not even. This one maybe. Okay. Okay. It's reacting right on that block there. Let's see if it shows me. Absorption. This isn't Absorption, this is a forced sale, okay. There ca n't be an absorption bit on the upside. Okay, it's going up. Perfect. Although it actually depends on the Ask because it depends semi-color based on the BidAs or based on the buyers and sellers. Let's see for now. The doubt arose, I'm not sure. Okay, written. Okay, because in my opinion it's not colored based on Bidoask, in my opinion it's colored based on sellers and buyers. If that's the case, everything that's green are limiters being attacked by market sellers and that's what he's going to consider. Six and red are limit sellers being attacked by market buyers. Look, it reached 86 and started going back down. And it started going back down. What could have been done? You could have placed a trade here with me up there. Okay, but in any case, at the opening it's better to leave it alone. Okay? Really better to leave it alone. Apart from the fact that here we are... Ah, but here we are on micro S&P. Oh well, it doesn't matter, the movement is the same anyway. The quantity of orders is different, but that is, the yield is the same. And now look at how the absorption goes down. Later, later I'll find out more about whether the colors in the indicator are indicators of the execution side or whether they are buyers. sellers, because they are two fundamentally different things. Okay . exhaustion of market buyers entering confirmation maybe we'll try. Oh, let's go down a time frame of a glance as mecca charges. Let's do clear drawing. This level has already been broken, though. Okay, here he uploaded that here it's interesting how he's taking everything back, huh? This is the micro range situation we saw before. Here we are on a 15-second chart, eh, which is eh it is the time frame that eh responds very well to the rhythm of the book because you don't see when you see the development of the candle you don't see the aggregate, you actually see the trade as you would see it on time and sales. I 'm pushing very well. I'm raising it, eh. But I would monitor this whole area here. These are questions of any kind. M. No, I don't have any questions. Okay. absorption, but I don't see it on the book, so that 's not an absorption that I saw on a graphical level. It might seem that since this footprint arrangement represents the delta between the bid, the fact that there is a predominance of the ASC on this level does not mean that there has been absorption. There was an imbalance between B and Ask, yes, but it doesn't necessarily mean it was an absorption, they are two different things. No, no, no, m, um, who says that everything that is an imbalance of the bid with respect to the ask and vice versa on one side of a range can be considered either absorption or exhaustion or is just simplifying a concept that however should not be simplified because when you go to program, when you go to program the indicators to use, you talk about there are two families, basically there are traders who don't know how to program, or rather three traders who don't know how to program, programmers who don't trade and then there are traders who also do programming. Look, those are the most fussy, the most annoying ones, okay? Why? Because, eh, the trader who knows how to program has to rack his brains, okay? how to apply what he knows and he might even discover that what he knows was a simplification, maybe it wasn't true because it's not statistically valid, because something that is statistically valid isn't necessarily operationally valid, for example, right? Or vice versa. Something that you can exploit operationally does not necessarily have statistical value. This can be a very detailed description of market noise. When you start programming, guys, a whole world opens up to you. In the end, it's about market numbers, data feeds, apnet keys, you look at the executions, you look at the trades, you redistribute them, Gaussian, you see how many there are, you see the probability. Absurd, absurd, beautiful, beautiful. I advise any trader on this earth to study statistical and quantitative analysis. Now we all have artificial intelligence. Instead of just sitting there passively following Cloud or or or Codex or whatever the hell it was, instead of just sitting there and passively, uh, watching what our, our agentic intelligences do , okay? Stop planning, it doesn't take much anyway . Instead of programming, let yourself be taught and trust, your vision of trading will change completely. This light and liquid situation above is interesting, but there is no one who actually has enough strength to go and get it. Ok, this is very interesting. So absorption. Absorption, so let's call it what it is. Okay . Well, there has actually been absorption here . OK perfect. This block here you can call it whatever you want actually, that is absorption block, imbalance zone , eh inefficiency, that is, it depends on what you mean by one term or another. I call it absorb simplifying, because every time I call it something fancy it's a mess. Okay. Delta still negative, eh. Caution, negative CVD. Let's see here. What we see. Let's go to timeframe because we don't need it now. No, we have it anyway. We have a bookmapicrostructure. This block that holds, this block, well, this block that holds is also marked for me by this indicator here, that I made this indicator here. This is an indicator that shows me, um, it shows me which areas have the best imbalance between the bid and ask. In fact, you see, it gives me emptiness, it tells me how many times the video is higher than the ASK, it tells me if it has been touched, how many times it has been touched, if the area has already been invalidated. As you can see the price has arrived, it has been absorbed in 5 minutes, ok? So it didn't break, it didn't go under this area here and now it's hanging around this area. But what I can see right away is that this whole block here, especially this one, actually makes me do this- so. This is the price level where there has been the greatest imbalance between the BASK currently, so 73 84 is approximately 75 and in addition I have this two levels, so tone number of 74. So I have this block here. Now let's zoom out a bit. We have no messages, we don't have any. Perfect. Well, so let's go like this. Let's see at 7400. What exactly do we have? Just a moment while it loads. I actually have the book which is quite thin today to be the SNP. Madonna as a party. What? This is a kilo imbalance and I'd be surprised if you don't mark it as absorption. Let's do it this way. Let's go back. it was served, but upside down . So here, apart from the fact that I remember that this is mini and over there I was looking at the micro and over there the DXFED, here instead I have the bookmap data feed and I didn't remember, that is, the mini couldn't find all its names on BXFED. Absolutely absurd. This here is what I saw here. Okay . which here is in aggregate of 5 minutes, so here he will have done all this stuff here. Here it is. He must have done all this movement here. Ok, but it is pushing upwards, but with 1 2 3 absorptions. Three absorptions around 80. Shortly before 80. Oh, sorry, just before '80, so all over this area here, okay? Because rightly I have these blocks, this block and the price arriving is difficult. It's hard because people sell when they get there because they've seen that they've already sold. Okay . This is this. This is it. Madonna. 1500 is much bigger than the Nasc. I usually trade Nasaq. Wait, let's lower the minimum size. Let's do this and maybe increase the aggregate. No, the aggregate, right? OK perfect. I did this too. Anyway, you see here too it gives me the ratio between B and Ask. But now for the first 20 levels I have the AS which is predominant. So everything above here. You see that the Gaussian curve here is also bigger. Hmm, let's see if he tells me the same thing here. This is the total though. Order book in balance displaces the ratio. Oh no, this is the average order. Okay . It is not the totality of the orders. No, they are two different things, guys, they are two different things. There I had put the report of the first 20 levels. Sobimento, here it is. Here as soon as this appeared, he shortened it all, in my opinion. Okay, so it has 7385. 7385. As long as you knew that, you were here. Okay . Eh, maybe you could have gone further from here. Well, why do I do this? I just have to do it like this. You could have gone this far. $50 with a micro. Be careful, eh, so with a mini it could have been an interesting trade with a stop above here. With stop above. That's interesting. We see. TT also because one and two Yes, it would have been a nice trade and we would have already exited, among other things, eh, because because up to that point basically, but it seems like the clear answer to me, okay? I can't , that is, if I bet on the oration of a level I am basically needlessly increasing my risk. Okay? Who can tell me, especially in a situation like now that I'm going to break this whole area where the price was and where all the sellers have been reabsorbed, what an area that breaks this area here that for goodness sake hasn't shown me absorptions, but I still have this block here that maybe is an absorption, maybe the indicator doesn't show it because it happened, it happened in a different time range than the one I set on an indicator, but it doesn't matter, I mean the idea is let's not focus only on the indicators, eh, because the indicators are written by human beings, let's remember that, eh, and above all an indicator will never be able to capture all the variability of what can happen in the market. Okay, if I see this thing here I ask myself a question. Ok, anyway this is the microstructure back in bed, ok? There were no absorptions here, but there was one that restarted the price. We're back to where we were before, though. Eh, we're back in this area again. We're back here. You see how exactly exactly where I said up to here, okay? Here another area of ​​imbalance has been created between BASC. We're in range now, let's see where it breaks. If it breaks here, I'll go and look for higher prices. Ok, I could go all the way here to look for a long maybe, but definitely not seen from the M5 because where do I cover myself from the M5? Not here , five I could cover myself under here, under here. Ok, it would already be much more interesting than having to cover here by force, also because here this could also be considered an absorption yes, because you see how there was an imbalance and immediately afterwards the price went long. Okay? Someone bought heavily this range. We're in a really bad range. Absorption. Eh, the real-time one. As soon as you see it, in my opinion, you can think of a long, okay? maybe with a stop below, but always knowing that going long in the negative range means you have a higher risk. We see. And it was also a nice absorption, but I think that structurally it depends on 1 2 3 three absorptions on this range here. 78. Let's see. Come on, they have two different pieces. At the moment they have had a little bit of a slight first time that I happen to see between the mini and the micro a difference in price of several points, because it can happen of some tic, but of several points is because I looked at Bookmark, but on Quantower It was 10 points more on the micro, that is, the micro arrived here. Oh, interesting. But let's look for the mini at this point. Just a second, eh. I want to see where this divergence arises. Eh, NQ MES. Well, let's see. Slash comes out of me. M no, I don't want to. What bad DXF names, guys. U6. No, I can't find it. I'm really curious to understand why U26 which is U26 which rhythm 6. That other one is U26. You can't understand a spinning top anymore. Ok, this is this this is Daddy Mini. This is the serious one, eh. I think it was a real divergence between micro and mini. So, we're always there, we're always in the same area. But maybe it was just a platform delay, you know? In my opinion, that's how it is. In my opinion, that's how it is. However, it has never happened to me, in fact that's why I was surprised. It could also have been the lag of the platform itself which perhaps crashed. Okay . Ent today just range range range bound. Those who work with range- bound algorithms here have made a lot of skins. Well, we have messages. Anyway, there are 8 minutes left. No, we don't have any messages. Perfect, very good. Yes, it could be that he is in range now. Okay. And as always after maybe around 6:30 7 when the second one arrives the second stage 2 of the American I call it that because stage 1 is the one that goes from the opening around 4-40, ok? After a moment, the waters calm down, you understand what's happening, the stock market starts trading and maybe something happens in the meantime and individual companies, because something happens, bring everything down, that is, it basically acts as a trigger for the indexes . But currently, from what I see in terms of volume distribution, I see a lot of downward movements that are running out of steam. Exhaustion is bought hard, comes up, and is absorbed. What could this mean? So, it's a trap. The movement goes down, it runs out of steam, people buy with a malice that hasn't been seen for I don't know, they buy with malice at a low price, it goes up and those who bought come to the rescue and then the price goes down. with malice is someone who is doing either an accumulation or a distribution, since I have no way of seeing right now, eh. Oh my god, oh my god, let's try to make stuff. Eh, New York, New York started here. New York started here. Well, we are currently in negative delta, even though the price is going up. Ok, be careful, the price is going up. Ok, where exactly is the 3 o'clock candle? this is it. Okay, so I do this. So is the negative delta. Negative delta. The price is up. Someone here, as if there were no tomorrow, is absorbing by the kilo. In fact, I also see the ASK, that is, the entire limit side that they are repositioning right next to. Someone on these liquidity levels avoiding fronting, okay? and it's absorbing all the orders basically, so all the sellers who are absorbing buyers to then sell down or are exiting the market now. Ok, so they are either active shorts who are entering the market in anticipation of But since nobody, almost nobody does this, only retail does this, ok? Eh, I doubt it, okay? or someone who is taking advantage of the FOMO of those few people, perhaps who are buying maliciously to exit the ES market and recalibrate their portfolios. There it is , it's broken, it's going towards 400. But actually I have n't seen any large orders and 400 here. Well, anyway. Well, I mean, he does n't color it for me. I mean, here I have 60. F. No, no, everything is so-so, it's better because if I look here, eh, but in fact at 400 I didn't have a damn thing here either, so it 's not, I mean, most of the orders are at 410 and it started long. Indeed the range has been broken to the upside. Here it is. This is the order I saw above with the other indicator. Hmm. Who is removed from the order? Spuer mh. M. Interesting, interesting. I'm taking this off because it was rightly broken. Now that's what's keeping all the rabble here, but here I don't even have a here. So I might actually even think that the price could go back to this range here. I could also evaluate this option, but in the negative range I wouldn't trust it too much. Let's see, shall we see? No, no, because I set it up on the Nasdaq. This is a linker, okay, I'll show you. We are at 7400. I'm not saying anything, eh, this breakout is very very very unexpected. Right now I would stay put, wait to see what happens when it gets here and I could, I say, I could evaluate a long if it reaches me in price ranges where there have already been previous absorptions . That's all. Anyway guys, it's 4:00, it was a great pleasure for me, huh. We'll soon start doing some live shows and videos on our Panterai Capital YouTube Discord channel, in addition to the regular Friday event we have here. And I thank you, I wish you a good weekend and thank you all. Thank you very much and have a good day.