Notes
Process notes
How the read is built. Not a course. The two market notes at the bottom are illustrative. They are not calls and not results.
Auction
Derivatives
Options
Risk
Illustrative market notes
- Sweep, then no follow-throughIllustrative. Liquidity below is taken. The bid absorbs. Spot CVD is ahead of perps. The reclaim is a failed-auction read only while the swept low stays rejected.
- Accepted below the flipIllustrative. Price accepted under a referenced GEX flip, perp delta ahead of spot. Extension is a possible hedge effect, not a direction. It is in question if price is accepted back through the flip.