Hello, everyone. Welcome to Options with Doug, streaming live daily on Bookmap Discord and the Bookmap YouTube channel at 1.30 p.m. Eastern Time. Before I get started, I need to go through the general disclosure. All Bookmap and Admin of Materials, Information, and Presentations are for educational purposes only and should not be considered specific investment advice nor recommendations. Risk Disclosure, Trading Futures, Equities, and Options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. Here's my contact information. The best way to get in touch with me is Discord. My name on Discord is Doug P. Also in Bookmap Discord, there's an Options-Doug chat channel that's a great place to post questions, comments, and content related to the topics of my presentation and the topics of the channel, which I'll go through in just a moment. And I'm also on X, formerly known as Twitter. My name there is at Doug Plus. The focus of my presentation today and the focus of the Options-Doug chat channel is Options, Order Flow, the impact of options markets on stocks and futures, and the influence of market maker hedging flow on price action. I have a two-step process for trading and the first is planning. And I use positional analysis. I look at how traders and market makers are positioned in the options market and how those positions change from day to day to develop a thesis regarding the expected trading range and volatility for the day as well as the directional bias. And the second step in my process is execution. I look at real-time order flow in Bookmap and real-time market maker hedging flow in SpotGamaHero to confirm my thesis and for setups for entries and exits. And when I talk about setups, I will be talking about an underlying asset. And those setups can be taken any number of ways. For example, a setup in the ES500 can be taken with ES futures, SPY shares, SPY options, SPX options, or even ES options. So my analysis is based on the options market and I will be looking at setups and an underlying asset. Questions and comments are welcome and I will be watching both the Options-Doug chat channel and Discord as well as the chat and YouTube for your questions and comments. Please feel free to post and I'll be glad to answer your questions. All right, my agenda for today, Wednesday, October 18th. I want to cover news items, economic data events, and earnings for today as well as the rest of the week. Then I'll go through my positional analysis. Then I'll review some setups from this morning and this afternoon. And then I'll take a look at the live market. If anybody has any questions or wants me to take a look at a stock, when I get to the live market, please let me know and I'll be glad to do that. All right, let's start with news items, economic data, events, and earnings. So interesting day to day, there was some economic data this morning. Housing starts, building permits, both came in in line with expectations. And let's take a look at, let's take a look at the S&B 500. And this afternoon at 1 p.m., there was a 20-year bond auction. And this is the reaction, just the opposite of last week, with the 30-year bond action, bond auction, low demand, and the market dropped sharply lower. And now the market has just made a round trip up to the 4350 level, and that's the SPX, 4350, large Gamma 3 level, as well as the 0 Gamma level, just below that at 4348. Those are SPX levels acted as resistance, and now price is back close to where it began right after the auction. All right, so again, that was kind of the big event, news event for today, was that 20-year bond action. All right, there are some other news items today. At 2 p.m., the Fed-Bage book comes out. I don't know if that will be much of a market mover. I'll try and remember to take a look at the S&B 500 at 2 p.m. And then after the close today, both Netflix and Tesla report earnings. So those could potentially be market movers, kind of the start of the large cap tech stock earnings. All right, for the rest of the week, tomorrow, Thursday, Jerome Powell speaks. I believe that's at 12 p.m. Eastern time. You might want to check your whatever news feed you use to confirm that time. And then Friday is options expiration. That is the October monthly options expiration. And typically that is options expiration are often a turning point in the market, long term turning point. We'll see that in just a minute when we get to the S&B 500 charts. So let's go ahead and do that now. So I'm going to start with my positional analysis. And let's go to, first of all, an SPX chart. This is a 30-day one-hour chart. And let me point out the key turning points here. First of all, this is the September 15th options expiration call dominated as those calls that were stabilizing the market expired, price dropped lower, and then finally reversed higher on October 6th with the jobs report release. And that was a negative gamma. So that seemed to spark a put banner rally in the very negative gamma environment at the beginning of October after this sharp drop lower negative gamma environment. And then SPX found resistance last week around 4380, 4385. That was the upper weekly expected move last week. So those are the key turning points. And then we'll look for a potential turning point with the options expiration on Friday. All right, this is the SPX 30-day one-hour chart. Let me point out some levels now on this chart. First of all, the dash purple lines are showing the lower and upper weekly expected move that may be hard to see that weekly expected move that is just below the daily, upper daily expected move. That is based on the options market. That changes once a week. I said that once a week and this is indicating a one standard deviation move. So 68% of the time, SPX should stay within that range. So that is the weekly expected move. Then the dash blue lines are showing the lower and upper daily expected move. And note that SPX is trading below the lower daily expected move right now. There are some spot gamma levels on this chart. Those shown by the dark red horizontal lines. I'm going to point out the key daily levels. First of all, the put wall at 4,300. And note that level did move up yesterday from 4,200 to 4,300. And it remains at 4,300 today. That's a strike with a large net negative gamma that can be expected to act as support. And the next level up is 4,365. That's the volatility trigger. Spot gamma is proprietary gamma flip level. Below that level, market makers position on the gamma curve is negative. In a negative gamma environment, market makers have to trade against price to hedge their delta exposure. And that tends to increase or enhance volatility. And note, SPX is trading below that level. And above that level, on the other hand, market makers position on the gamma curve is positive. In a positive gamma environment, market makers have to trade against price to hedge their delta exposure. And that tends to subdue or decrease volatility. The next level up is 4,400. And that tends to reduce volatility. That's the absolute gamma strike. That's the strike with the largest net or absolute positive and negative gamma. That's where most of the gamma weighted open interest is concentrated in SPX. And then finally, above that at 4,450 is the call wall. That's the strike with the largest net positive gamma that can be expected to act as resistance. So obviously, the put wall is more in play as compared to the call wall, the potential floor at the put wall, potential ceiling at the call wall, and then gamma weighted open interest concentrated at the 4,400 level. All right, those are the key daily levels. Let's take a look at a shorter time frame for SPX. So we can see the levels that are in play for today. So this is a one day, one day, one minute chart. Here's the lower daily expected move, SPX trading below that. And this, as I mentioned on the book map chart, the zero gamma level at 4,348, and this large gamma three level at 4,350 have definitely been in play today, acting as support in the morning, then as resistance. And primarily the zero gamma level at 4,348, again, acting as support and resistance. And now resistance. All right, let's go to book map now. In book map, I have my own cloud notes here. And I'm showing SPX levels. So again, there's the 4,348 and the 4,350 level. And note there is a difference in price between ES and SPX. And it moves a little bit lower every day until the contract rollover. And then it widens out again. So right now today, the difference between ES and SPX is 28 points round about 27 to 28. I'm using 28. So the 4,350 level is shown 28 points higher at 4,378 on ES. So ES minus SPX equals 28 today. I also have spy levels on this chart. There's the spy 4,35 level. That's a large gamma three level. And the range of gamma, ranking of gamma is one to three, one to five, one being the most important. So that is a fairly important level. And note that did act as resistance this morning. And that was key to a set up that I'll talk about in just a few minutes. All right, so that is the, those are the levels in play for the SB500 today. Both SPX and spy levels, spot gamma levels, definitely in play for today. All right, let's take a look at NASDAQ now. I'm going to go to NQ Futures and BookMap. And I'm going to take a closer look at a couple of other charts just so we can isolate QQQ levels. And then we'll take a look at NDX. So here's QQQ in a one day, one minute chart. Here is the QQQ Volatility Trigger at 368. And by the way, I forgot to mention shifts and levels for SPX and spy, probably because there was only one shift level, shift and level for SPX. The Volatility Trigger did shift 10 points higher to 43.65. Otherwise for SPX and spy, put wall, call wall and absolute gamma strike were unchanged from yesterday. And then for QQQ, the Volatility Trigger moved lower and the absolute gamma strike also moved lower. So slightly bearish shifts lower for QQQ. All right, so QQQ, there's the Volatility Trigger. And then this 365 level is an L3 level. And then there's a combo level just below that. And that combo level is showing a combination of QQQ and NDX, gamma weighted open interest converted to an equivalent QQQ price. So pretty choppy day here in QQQ that those cluster of levels more or less acted as support earlier. And now QQQ is trading below those levels. Let's take a look at NDX. A little bit more important today. Here's NDX. And here's the actual resistance level for today for NASDAQ. That is the 15,100. NDX, 15,100, large gamma 3 level. And then here's the Volatility Trigger at 15,040. So today the NDX levels are definitely in play for today. All right, let's go back to book map. So we've isolated the QQQ levels and NDX. For NDX, there were no shifts in levels today. And for QQQ, again, I mentioned the Volatility Trigger and Absolute Gamma Strike, both move lower. All right, here's NASDAQ. And again, I have my own cloud notes.  So there's the resistance level, 368 and 15,100. And I also have these round number levels. For NQ, there's the 200 level. And there's the lower daily expected move. NASDAQ trading below the lower daily expected move. And NASDAQ really kind of making a longer term downtrend. Let me check for questions. All right, SK Gango, hello, glad you're here. He's wondering, he or she wondering why I mentioned ES, SPX and SPY, what is the most reliable out of the three to find the trend of the market? ES has the most options out of the three. So first of all, they are all tied together. So they move in sync, tied together by arbitrage. SPX is the base index. And ES and SPY are both derivatives of SPX. But ES, the ES chart, definitely has the most information. So that is one reason that I'm putting the key SPX and SPY levels on my chart. So if I want to trade any form of the SPY 500, this is the chart that I'm looking at. So I have SPY levels, SPX levels, as well as ES levels on this chart. So again, SPX the base index, ES and SPY are derivatives. And options trades and ES and SPX, options trades and SPY are a big driver price action, not every day all the time, a big driver price action and ES. All right, so I hope that answers your question. So again, if I'm trading anything from SPY shares to SPX options to ES futures, this is the chart that I'm looking at. All right, let's go back to NQ. So as I mentioned before, the NDX levels especially were key today. So same thing SK Gangl4 for NASDAQ. I have NDX and QQQ levels on my chart. So there's the 15,040 level acting as resistance. All right, let's talk about gamma notional now. And by the way, that was a great question SK Gangl. No need to apologize. Great question. Thanks for asking. All right, let's take a look at gamma notional. This is market makers position on the gamma curve at the beginning of the day. This is what I'm looking at right here. Gamma notional for SPX, SPY, NDX and QQQ. Note all these, the numbers, the primary numbers I look at are SPX, SPY and QQQ. Note they're all negative indicating that traders are long puts, market makers are short puts and in a negative gamma environment, market makers have to trade with price to hedge their delta exposure and that tends to enhance or increase volatility. And those levels did change from yesterday for SPY, gamma notional actually became a little bit less negative and for SPX, NDX and QQQ, the numbers shifted lower. So for SPX and QQQ shifted negative for Q, more negative for QQQ and shifted back to negative for SPX. Yesterday, gamma notional didn't shift positive for SPX's now and it's slightly negative again. All right, let's take a look at the VANA model now to see a graphical representation of what this actually means. So this is SPX the VANA model. This chart is showing market makers delta notional on the vertical axis price on the horizontal axis, again for SPX, there are two curves on this chart and the first curve is showing how market makers delta notional changes with changes in price only and then the purple curve adds implied volatility to the equation that's showing how market makers delta notional changes with changes in price and applied volatility and that change in delta with the change in applied volatility is the VANA effect. VANA is the second order of Greek. All right, let's take a look at price now. For SPX, currently trading right around 43.32, so that is not quite the low of the day. Let's check, go back to our SPX chart, so above the low of the day at 43.32, so right around here. So this is definitely on this steep left portion of the curve, this negative gamma portion of the curve. This is showing that if price moves lower, implied volatility increases, market makers delta notional will increase and they will have to sell futures to hedge their delta exposure. On the other hand, if price starts to increase and applied volatility drops, market makers can buy back their short futures and that will help to fuel a rally higher. So you can see that in this negative gamma portion of this curve that market makers are trading with price and that tends to enhance or increase volatility in a negative gamma environment. All right, let's take a look at SPY. SPY currently trading right around 4.32, right there, low of the day was around 4.31. So again, the same thing on this steep left portion of the curve, market makers delta notional increasing as price decreases and decreasing as price increases. And finally, let's check QQQ. Currently trading pretty close to the low of the day, below 3.65, somewhere between 3.65 and 3.64. So the same QQQ trading on this negative gamma portion of the curve. All right, so that is the information that I typically look at as part of my positional analysis, my planning for the day. So I have a sense of the levels that could be in play for today, as well as market makers position on the gamma curve at the beginning of the day and then how they may react during the day with changes in price and applied volatility. All right, let's take a look at some setups now. I'm going to start and take a look at what options traders have been doing today. This is the hero signal hedging impact real time options. This is available to spot gamma subscribers. What this chart is showing is price for SPX and the hero signal. Again, hedging impact real time options. So everything that we've looked at so far is static information that changes once daily, updated with the open interest changes that information is updated once daily. This is real time. Again, this is showing hedging impact. So it's showing options trades, market maker hedging activity for a combined signal for SPX, SPI, XSP and ES futures all under one combined signal. So if you trade any form of the ESP 500, this is the signal that you probably want to look at. This is a signal that I look at. I think typically Brent, the founder of Spot Gamma, the creator of this, looks at that signal as well. All right, let's zoom in on this. I want to show a setup from this morning. So I'm reviewing setups now. I'm going to zoom in on the morning session. What I'm looking at here is right around 10.20. First of all, there was this hero flow alert. These are fairly new, been out for a couple of weeks. And they can often signal turning points. And it was a great signal here. And note that at this point, the hero signal starts to move lower. Traders were taking positive delta positions. When traders take positive delta positions, market makers take the opposite side and they have to buy futures to hedge their delta exposure. So they're net taking positive delta positions, buying calls in SPX and SPI, market makers taking the opposite side, and they sell futures to hedge their delta exposure. And then this flow alert marked the exact turning point. Traders stopped taking positive delta positions, started taking negative delta positions, and price reversed lower a few minutes later. All right, so that was the first signal of a reversal lower. Let's take a look at the SP500 now and we'll take a look at that setup. So I'm going to zoom in on the morning session here. Sorry about that. All right, so we know at 10.20, traders, that flow alert came out, indicating a potential turning point. Then we look at our book map chart. And by the way, when I'm trading, I have two charts looking at book map on one screen and hero on another screen during the day. So let's take a look at the signals in book map now. So I know I assume that any SPOT gamma level when tested from below may act as resistance or any SPOT gamma level tested from above may act as support. So I know that that alert fired. Traders started taking negative delta positions and price was approaching a potential turning point at this 435 level. Note there was a stop run up to that level. That's shown by the rising yellow line there by stop orders, fueling that move higher. And then toward the end of that, large traders started taking, started selling contracts with iceberg orders. That's shown by this falling light blue line. And then aggressive sellers come in. The volume dots are showing market buy minus sell. A green dot indicates more buyers than sellers. A magenta dot indicates more sellers than buyers. So again, that alert flyers, traders, options traders are taking negative delta positions. There's a stop run up to key resistance levels. Aggressive sellers start to come in. And then large traders are selling with iceberg orders. So there were very clear clues both in the options hero signal as well as in book map here and order flow of the reversal lower. All right, so that's the setup from this morning. And let's, I want to talk about this setup right now at 1pm with the bond auction. So let's go back to hero first, zoom back out. All right, so looking at this zoom level, most of the day of trade, here's the 1pm reversal higher. And note the hero line is rising, making lower highs, I mean, higher lows and higher highs. And they were doing that well before the 1pm bond auction. So the options traders were ahead of this move. Let's go back to book map and take a look at the signals in there. So in addition to the options traders, large traders were also in here with iceberg orders buying ahead of the move. So the rising light blue line showing iceberg orders, again, these are orders that large traders use to hide their size. Also shown with the on chart indicator here. That's 2,233 contracts, a number of different executions, 990 contracts. And then as the price starts to move higher, cumulative volume delta rises shown by the pink line, magenta line, as well as buy stop orders fuel that move higher. And note the large traders were, this is pretty typical behavior, fading that move. So they were buying weakness and selling strength. That's pretty typical of large traders with iceberg orders. So the large traders were definitely ahead of this move, as well as the options traders. All right, let's take a look at NASDAQ now. All right, so to here there's the, there's, I posted this in, this set up the hero signal for the S&P 500 and discord this morning. And to here ask, was there a corresponding signal on book map? And yes, there was. I just, just went over that very clear signal at a potential reversal level. All right, here's NASDAQ and NASDAQ reverse lower at this 15,100 level just below the 368 level. Let me zoom in on this. So you can see the clear shift in order flow here at the second test of the 15,100 level aggressive buyers start to come in shown by the magenta volume to aggressive sellers. I'm sorry, start to come in shown by the magenta volume dots. So aggressive buyers on the way up and then the clear shift in order flow from green volume dots, aggressive buyers to magenta volume dots, aggressive sellers. We'll see what options traders were doing. Let's go back to hero. All right, I'm going to take a look at a combined signal for NDX and QQQ and for the NASDAQ, this reversal lower was not immediately clear with hero. So, other than I would say the options traders really, really were not supportive of a smooth hire. So hero was pretty much flat up until about 1020 price was rising. Hero makes a slightly lower high and then moves lower. So really the key to the setup in NASDAQ was just watching order flow at a potential reversal level. Let's go back to book map and then the options traders confirmed the move lower as price started to move lower. So again, the signal was primarily potential reversal level and aggressive sellers coming in. All right, there's NASDAQ and note that there was some iceberg buying really at the time of this reversal hire. These are pretty small though. Let's go back and take a look at book map and see if there were any signals from options traders about the reversal at the 1pm bond auction and not really much more clear for the S&P 500 for both the short and long setup today. Although options traders in NASDAQ are continuing to take positive delta positions and now it looks like NASDAQ is rising after that second test. Let's go back and take a look at book map. So the reversal level was just above the QQQ 364 level. All right, let's take a look at some stocks. First stock I want to take a look at is meta. Let's go back to hero. Go to meta and zoom in on the morning session. Here is the 325 key gamma strike that did act as resistance and there was a pretty clear signal in hero that options traders were fading that move higher at that 325 key gamma strike. Let's go take a look at book map. 325 key gamma strike and options traders pretty quickly start fading the move, taking negative delta positions and price reverses lower and one nice pullback all the way to 324 for another short entry. Let's go back to hero and we can take a closer look and see what options traders were doing. Separate outputs and calls. So this makes it a little bit more clear that traders after maybe a couple of minutes after the cash open started buying puts that shown by the following blue line there. When the blue line is falling that indicates that's negative delta indicates traders are buying puts and then they started selling calls as well that's shown by the falling orange line. Let's zoom out for the day. So net for the day they are actually positive buying calls. So 8.5 million for calls minus 666k for puts. All right so at the low of the day though the hero signal was definitely negative for the day. All right that's meta. I want to take a look at Nvidia now. Very bearish day in Nvidia. Let me zoom in a little bit. So very timely flow alerts in the morning and hero quickly shifts to negative delta pretty early in the morning. Just about five or six minutes after the cash open and the 430 is the key delta strike and let's see what traders were doing. So in video they were selling calls actually before the turn lower and then they started buying puts. Puts shown by the falling blue line selling calls shown by the falling orange line and both are negative for the day. Let's go back to the total signal. Negative notional value 777 million. So much more bearish setup here on Nvidia. Let's go take a look at bookmap. Remember 430 is the key gamma strike. Choppy but very bearish session on Nvidia today. 430 key delta strike. I'm just going to zoom in on this. This looks kind of interesting. So what I'm looking at is the liquidity at this level at the 430 level. Typically the limit buy and sell orders are stacked at the zeros and the fives for Nvidia. What this heat map is showing is the history of the orders in the order book. So these were limit sell orders at 430 that came in right at the cash open and note at 425 there were limit buy orders and they were in before the cash open. So these orders were consumed and then after Nvidia moved lower they came back in. So that's the heat map showing a history of the orders in the order book. Alright let's take a look at Tesla. See what options traders are doing before Tesla reports earnings this afternoon and definitely a bearish day in Tesla. Very steady downtrend. Let's see what options traders are doing. Let's go to Tesla. So options traders definitely taking negative delta positions before earnings today. Let's see what they're doing. So they're definitely buying puts. Let's zoom in on this. So this number for the puts and this is definitely driving price today. Negative 193 million and this number for calls is also negative for the day at 1.5 million. So put buyers definitely driving price today in Netflix Tesla. So when traders buy puts market makers sell the puts and they have to sell stock to hedge their delta exposure. One other thing I want to take a look at is let's go back to the total signal and take a look at next expiry and for Tesla this would be a Friday expiration. So remember stocks most of the stocks that I look at that I trade have options that expire once a week on Friday. So this in the case of Tesla this would be next expiry would be Friday. Alright so it looks like the next expiry trade shown by the green line here is a little bit less than half of the total notion of value today. Alright so traders are trading short term and longer term options today. Alright that's Tesla. Let's go to book map. So again nice steady downtrend today in Tesla as traders continue to buy puts. And one other thing I want to take a look at excuse me one other thing I want to take a look at one other stock is Netflix. It's at report earnings today. I do not have Netflix in book map but we can take a look here in hero and the options trades and hedging flow are also bearish for the day in Netflix. So traders are selling calls and buying puts. Let's see what zero the traders that are trading options that expire on Friday looks like that is making up around two thirds of the total notion of value today that is shown by the green line here and the purple line again is all expirations. So traders taking negative delta positions in both Netflix and Tesla today ahead of earnings. Alright let's go back to the S&P 500 now see what's happening there. And if anybody has any stocks they want me to take a look at now's a good time. Alright let's go to the S&P 500. I'm going to zoom in on the afternoon session here. So very strong correlation between options trades hedging flow and price action. Let's go to book map go back to the ES. So this latest up move did not make it back up to the 43-48 level. It looks like VWAP acted as resistance. VWAP is the the slight blue line on my chart and it looks like there was a sharp move higher kind of exhaustion up at that level by stop run that's shown by this small green dot 177 contracts. Large traders selling with iceberg orders shown by the falling light blue line. Zoom out just a bit so it looks like ES kind of forming a triangle pattern here. So this may take a while to resolve. Let's go back to hero C what options traders are doing again. So in this swing down options traders are taking negative delta positions and in this time range that I'm looking at these zero DTE traders are making up or have a very strong correlation with next expiry or the all expirations. Let's take a look at NASDAQ. So starting right around one o'clock for NASDAQ options traders we're taking a positive delta positions and it looks like about two o'clock that has leveled off and price has dropped lower and so far the hero signal is trending slightly down. Let's just check for the day. So net for the day traders are buying calls and buying puts put buyers more aggressive. This is pretty typical for for an index and there it goes sorry that was I did not do anything to cause that that's a that's a bug that I cannot seem to resolve and and spot gamma cannot seem to resolve at least for me they have not been able to recreate it maybe it's something with my computer. All right let's go to book map. There's a B500 still within that triangle pattern. NASDAQ somewhat as well as well. All right any stocks anybody have any stocks they want me to take a look at. All right Alexander asked do you think the I assume you mean market makers would like to get back into neutral positive gamma by Friday to trap all the retail. Well first of all market makers options market makers all they're doing is making markets they're not interested in trapping retail or doing anything like that maybe hedge funds or some other traders are but options market makers are just making markets and they want to remain delta neutral all the time so they really don't have any control over whether they're they only have control over whether they're delta neutral and they want to remain delta neutral all the time and certainly at the beginning of the day they are delta neutral even though their position on the gamma curve may be changing again they really don't have any control over that that depends on what options traders are doing if their options traders are buying puts market makers are selling the puts that puts them on the negative gamma portion of the curve so they're again they're not moving against retail traders not doing anything they're just making markets and hedging their risk and Tony asked does DX feed have PLTR pellet here yeah sure that's in a hero as well and Frank asked Apple so let's take a look at Apple and Joel asked do I look at crude oil and no I don't I don't trade crude oil I don't know if there's much of an options market that would be driving price for for crude oil you know I may trade may trade crude options but that really doesn't have any that may have to do more with just pure volatility rather than anything that I see in in hero or book map and so CL I do not have all I have is the CME data feed so these CME exchange data feed is just for ES, NQ, RTY and I think some currency futures as well so I don't have is it NIMEX so I don't have an entire package that includes CL futures so no I don't I don't have CL futures in book map I don't day trade CL futures all right so here's Apple let's go take a look at Apple and and hero here so net flow for the day hedging flow options trades hedging flow is definitely bearish for today for Apple so there you go Frank starting around just after 10 o'clock hero shifted lower and Apple is really kind of in a wide range today but options traders taking negative delta positions in Apple all right Alexandra ask if there are too many puts will the market makers have to hedge against taking the opposite trade so how do you find define too many puts they're again that's pretty simple equation market makers are taking the opposite side of trades so if traders continue to buy puts market may continue to sell the puts and let's take a look at something else here so market makers continue to sell the puts so they have to continue to sell futures to hedge their delta exposures so there's really this is the gamma curve that I'm talking about so maybe you could say there are too many puts or market makers are fully hedged when spx is down at this level right here with a sharp sharp curve in the gamma model that's right around 4150 but otherwise as traders continue to buy puts market makers sell the puts their position will become more negative gamma but their delta neutral they're always delta neutral so that's why they continue to sell puts as traders buy puts and they their position on the gamma curve continues to move lower all right so Alexandra I hope that makes sense all right everyone I need to wrap it up today I've got a busy afternoon I want to thank you for watching thank you very much for your questions and comments and I will see you tomorrow again remember drone pal speaks around noon tomorrow and we'll talk about it tomorrow afternoon all right thanks again everyone thanks again everyone have a great afternoon bye


and cd player there was a hit by lightning or there was a power surge or something but we're going to check it out and see if we can get it to work stay tuned so what this is is a compact this and of course a dvd player it's made by yamaha it doesn't work i don't know but we're going to plug it in and try it i'd like to get it to work because i'd like to put surround sound out here in this garage so um i'm going to go over here and let's plug it in and see if standby light comes on okay we do have a standby light right there can you guys see that this camera picking it up yeah so we do have a standby light this is also an amfm radio too but let me see here let's okay nothing it says off all right volume's on 20 where's the volume there's the volume no disc okay well you know what let's um how do you i have a disc over here let's put a disc in it close it's reading you guys see that cd here's play let's hit play track one and it's counted down so it must be working hmm so let's go to FM mode let's stop this first oops bass music input rock okay all right i'll tell you what we're going to do i've got a couple little speakers up here a couple sannyo speakers let's go ahead let's hook this up and see if we're getting any sound out of it i don't know if it's copyrighted but i met this guy at work because my boss knew him he plays a saxophone and i'll tell you what this man is good and he looks like a sax player got the long hair and all that stuff this man is good um look him up he's on youtube i met him he's awesome okay so what i want to try to do is let's up my phone up and see if it'll work with my phone audio in let's go to everything i gots wait a minute okay so i'm just bringing up some music here i i've got one on here that is not copyright it is actually a youtube and i did that just for checking stuff so all right now new disc okay so now i've got to figure out how to put this on well it's got all kinds of stuff input video fm fm dvd video one let's see where i i've got plugged into i plugged in a video one this plane so it might not work this way i don't know what it is a little bit i need to get something with some power and run through this hmm let me see what i got okay guys so i've got a royalty free song here from youtube it's called wood it's uh in my intro and outro so okay so that works but i've also got this deal up here hooked up now i don't know if this is royalty free music or not but we've got it on uh dvd it's reading it should come up cd and it did so i put a wire on here we'll make an antenna roll so the radio is working fine up to tv but i'm sure it seems to work fine we really didn't fix it we just um kind of hooked it up i can jam in here um the other speakers hooked up a couple here center speaker of course subwoofer single jam awesome there you go with a sony speaker here and this is the antenna i don't know what the speaker is hi guys so there you go around all some music stuff here you know just a quick upload for you just trying stuff out you know um so the dvd player does work which is good i won't go for now guys so remember shea berry myth man legend thanks for watching appreciate it and


Yeah. Well, good afternoon. Yeah, well, the people that is online too. Very happy to be here. It's my first time on a long trip because I am from Peru, but I live in Brazil. It's like 14 hours far away. Well, I will talk about my experience that I have researched a little about how is the file is attacking Linux. Here about myself, I really like community because we learn and also I participated in the Kubernetes documentation helping in the translation in Portuguese and Spanish mainly in Spanish. And currently in this release, I am working in the release docs of 126. If everyone is interested, you can also ping me. And also I really like cloud native and security and tropical weather. Yeah, I think it's an overview about myself. And we will talk about files because when you try to search this in Google, you will find a lot of information. And next we will give a brief introduction about eBPF. And how can we use these tools to detect these kinds of attacks? Specific detection that I will use in my demo that will be about files. Well, the definition about files, as you can see, is some malicious code will try to run to execute it in our system. But without using the file system is the main definition about files. That's keeping in mind. And also it's known as a non malware or serial footprint because of this. Because it's difficult to detect because traditional security tools use file system to detect these kinds of attacks or issues. And when you see it's something like you also will hear about living of the land, some expressions. And also you can, the files, when you try to search, you will see that they have a lot of material or a lot of attacks that's happening in Windows. Traditionally, more in Windows, we have several attacks that it's already happened. And they use legitimate programs like PowerShell to introduce, like we can see in this image, it seems that this is the normal process. But the threat actor is using this to introduce some payloads that could damage or could insert malicious code. And when also when we see about filest, we will read that this advanced persistent threat, APT. And this is because generally when you are hearing about filest, it's because it's against big companies or between nations. You see that the hackers put a lot of a lot of force or a lot of the, yeah, they put a lot of effort. Sometimes the words, the English words is missing. But well, put a lot of effort to attack. And yeah, this is a famous case that is the cobal kitty that they attack. And this payload or this filest attack, it's like one year that it's happened inside of the system before the security team or anyone detect this attack. And they use like PowerShell or legitimate programs like in this case, it was cobal strike. But this is more the literature that we will hear about filest attack in Windows. But now I will tell how can happen this filest attack in Linux because right now our Kubernetes containers and everything is running in Linux. And mainly when we talk about filest in Linux, it's using the LD preload or Ptrace or this main FD creates is called that it will be the focus of my demo. But this is the common artifacts that it could happen filest in Linux. So as you can see, first we, some threat actor will try to use these legitimate programs in Linux to try to load some malicious code and execute it, basically. The attacks is already happening, like you can see this research. And also it was like some inspiration because sometimes we read about some security research that say how it's happening filest. And I want to simplify a little how it's doing this only to demonstrate running a container. How can we use main FD? When you see attacks in the wild, it's already creating some malicious code that is trying to use this technique in the containers. Some part, this filest introduced on malware. As you can see, our static scanning tools don't help us to detect this kind of attack. Because when we run, this is a legitimate program. It's not a vulnerability that we could see it or our static scanning tools help us to detect this is a filest vulnerability, for example. It's not the concept. There's a reason that we can find this kind of attacks using these specific tools. So to follow in, this is some of the attacks that I will use about Linux. It's a code that is using main FD create. Now already it was detected by several security research teams in the wild that is the expression. This is the main code. I have all the references in the slides. But basically they are using encryptations. It's not only using the system code that I will use it. It's also using encryptation to help with obfuscation. And here is the main code about run from memory. That is the main part that will be called the main FD create. Try to write this malicious code in this new file descriptor and execute it. I will use this. This is the main part. So this main FD create is the most easily way to create files. It could be created in other ways, but this is more simple.  You have many codes in the internet that is already using this. So this is only just keeping in mind that that's the reason that I am using main FD create when you... Next, a brief introduction about eBPF to see how it can help us to detect this kind of attack or this malicious. And here is an overview of how it can be eBPF. Because when we talk about eBPF, we will talk a lot of user space and kernel space. We have our system calls and we have the programs, the eBPF programs that is loaded in the kernel. Maybe I put some other things like the Linux security, for me it's a little Linux security models, that also you hear a lot about Linux security models because before eBPF, we write some code in the kernel using this. But right now we are using more eBPF because it's like a more modern technology that gives us benefits. And here we have programs like Falco, Tracy, etc. I will use it to try to detect the main FD create. And as you can see when we talk about eBPF, we will talk about kernel events. It's a lot of events that is inside of our kernel. We have kernel functions, system calls, but it's not only the system call because we have trace points. And I put in this information because when you see the rules that I will use it, it's related maybe at trace points or some cave groups. It depends how you are designing your eBPF program. So the trace point here is an overview. How can you use these instrumentations? Basically it's static instrumentation points. You can instrument several things inside of these eBPF programs when the events happen and we attach these eBPF programs is when it's starting to filter this information. And also we have the cave groups. Well, I was reading about these trace points cave groups. When you have both, you can try to use it more trace points because it's more stable. But in some uses cases, you only have cave groups on events that is only supported by cave groups. It depends on the design of the type of event that you want to filter. Before I was only talking about these cave groups and trace points because in the rules, you will see these words. Just keep in mind. Right now I will talk about how I developed the demo and I will run using Falco, Tracy, and Tetragon. Here we have these three tools that they use eBPF. My demos, it's based in the default installation of these tools because they both support Linux machines and Kubernetes. And I installed it in the default version in Kubernetes clusters. My demo is trying to detect these suspicious malicious code that is these three main steps, three main lines that I am calling. They may not be created. Next, I am writing in this new file descriptor that is in memory. I am writing some malicious code in this file descriptor that is already in memory. Next, I try to execute this malicious code that is in the file descriptor. We are spawning this in the display name that you put some, for example, a running process that in my case will be nginx. In this way, it is spawned using with this exec and spawned with the malicious code. Also, the file descriptor, as you can see, the path is the process file system. This is the main code that it was before the explanation of a Zuri code that it was how it was implemented in this specific way. You can implement it in several other ways, but this is following that it was in the wild attack about this Zuri that I put in the before slide. This is the code. I just put it some more print lines. Also, all the code is in my repository that they have the code and also they have a little explanation about each runtime at the demo and the steps. Next, I built this code and I inserted in a container. I built an image and I inserted this binary to use it inside in a container. That's all. That's the reason that when you see in the demos, this demo main fd is because I built this code and I put it inside of my container. Next, I will start with Falco. This is the main architecture that you can find in the documentation of the project. The rules is in the user space. They have predefined rules, macros, this part of the rule engine that you can see is here is the rule that I wrote. By default, it doesn't detect exactly the main fd create, so you can customize with some other rules. That's the case. You can edit in the Kubernetes module, edit a config map. This is the print about the config map that I did. I tried to filter by basically the spawnet, exact cbe and exact bit. That is two ways that you can execute the system's calls. I tried to also filter by the path, the proc cell. This is the recording. I am running the main fd with only using ELF. It's not a malicious code. It's only a ELF that is printing the date, but it could be replaced with any malicious code so you can run it without problem in your house. It's like only to try to trigger this main fd create and simulate the process of a file's execution. I could fix this rule because I was trying to talk with some friends of Falco. I think I have some output that I could improve. I will try to improve and I will do the updates in my repository, but I think that is detected. You can see that is detected execution. I have some other runc execution that is appearing. Right now, the main fd create is the syscall itself is not supported. That's the reason that I am not using in this rule. Next, I will show you here in Tetragon. We have also, as you can see here, the collectors. They have the collector in the kernel space that it means that you have to write your rules or your filters that they can apply these filters to show you the events that you are looking. For example, in the before, you don't have some signatures by default, but you have to create in this collector. I think it will be more clear about this collector. Seeing the tracing policy is a custom restored definition. In this case, because I am trying to look at the main fd create, that is the main point, the system call, I define it in the rule that if some syscall, main fd create, and also another syscall, the sysclose. I think the main point of this rule, because they have this feature that is the sign here, that after I find my main fd create, here is in the execution cb, because they have the main fd, and the execution itself is malicious content. When he noticed that they have this match of main fd and execution cb, I will kill the process when it's matching the proc cell by the script. That is the execution of my program.  I could bypass this rule. That's the reason that also I know that they are doing a pull request with a better approach that it's using iNodes. Also using my notes, because it's for mergers. But I think the most complex when you are trying to create your rules is about the security research knowledge. I don't know if I share my experience itself, but I work as a developer and next like as a cloud architect, DevOps, and going to security. It's different when you are security research, because you are dedicated to create this kind of information. You will see that it's very difficult when you try to search or dig information about the attacks in specific cases, because it's always a way to bypass this rule or another method to the threat actor try to create some malicious code. Here is the action that you can see that is killing the process. Next I will talk about Tracy. In the case of Tracy, the rule was already there. I didn't have to create it because security research already put the rule there. But I will explain a little about the rule. This architecture about how eBPF in Tracy works, as you can see also we have the eBPF Collector, but it's filtered by the events of the signatures that is preload, because when you run also in the next slide you will see that when you're running Tracy in the mode eBPF trace, they generate a lot of events. But in this case, there are a filter by only the events that is necessary for the signatures. The signatures is already all the rules preload that will detect some kind of security issues. So these signatures that will be like the rules, the filters that already created in Falco, that is trying to detect some malicious actions. You can see some default signatures are created there and also you have the reference. I only do this demo with some of the rules that is the files. And here this is the rule that is already there. I didn't write it. And the main is also trying to look in this case is using trace point to try to catch this eBPF, the kernel events using trace point with eBPF. And the first two rules it's trying to find, the main fd. And the others is also other patch that is also related with temporary folders that it's other way that you can create files. And here is the demo with Tracy. So here is the default output when you are running as a tool of the detections that it's detected some malicious code and then that's printed. And here it's, this is the mode that is running in mode that eBPF trace that you can use without filters and you will see all the events that it's producing or you can put some several filters that is relevant for you. In this case, I only put like how can you capture a binary that is a common thing that the forensic team, it's interesting that it's someone trying to execute something and you can capture this and try to analyze after. This is in the mode of the eBPF trace. And well, if you can see a complete attack, I only explain a little that will be running in memory and even is without encryptations because when the attack itself happened, they used some packer or encryption only to create the part of obfuscation, it would be more difficult to detect. And as you can see, when a really attacks happen in the wild, they are have a more complex and that's something that you can be aware of that. That's the reason that it's only, yeah, it's the end because in the other part we have running in memory and you have more root kids that is the security is very difficult. And I think my sharing and about this experience about searching about files is, yeah, it's really hard security when you try to create some rules or try to apply how can I detect files and I will try to put the rule because when you read, in this case, I only use main FD create but you can bypass with using other things and when you are reading, you see that in some other blocks, for example, they could use in another way is like, yeah, it's down on the rabbit hole because you are thinking that with this rule, you are catching that event but itself when it's happening or when you see in the blocks of the security people that is searching, it's, yeah, it's always another way you can bypass and I only, I think I want to give thank you for the three projects because these projects are in sharing their knowledge and security because you can see and I see I put in the reference but they already have some security default rules that you can try to catch and learn how they are doing and I think this is important. Yeah, here are my contacts and if you have any doubts or you also want to have some notes how can improve the rules or everything, yeah, I am available and yeah, thank you to all the projects that they helped me when I go to the slack of every project. No, I think it will be, that's all. Thank you.


okay welcome back everybody welcome to my stream hopefully you guys are doing great without further ado let's get started yes they pretty decent day in terms of uh and not really decent it was probably a lackluster from being honest uh nothing too much happened during the new york session nothing to ride home about uh everything just pretty much carried as is uh we ended up getting that second bottom that we were looking for just went a lot deeper than we anticipated but that's something that we want to take putting on fun payroll coming out right now so that explains the sort of uh larger moves uh we want to sort of uh try and fade this again just wait for this uh bar to close see if we can get that uh pushing against us uh rather than down uh if our natural move is down after this bar uh then we're probably likely to be bullish off of this uh because we did have sort of a decent amount of long so if they clear these lungs out prior to moving uh higher uh that means that they are naturally looking to search for that higher very large sort of dip very large sort of push nothing sort of too surprising sort of taking it's taking all the stops out again played out all these guys right now now we're waiting for the knife to sort of lull itself back once it lulls itself back we're looking for it to try and sort of take out a high and your pile see if it uh takes out a high then put resumes down if not it continues sort of building shorter and allowing shorts to be able to stack up because here it's not really something that you want to log into just because it's too fast uh to warrant any sort of uh anyone sort of getting into that trade so they're just sort of uh liquidating then moving across so they'll come back down and allow more people to jump in once those guys jump in that's your sort of opportunity to try and uh counteract that long but very sort of insane little uh little push down even showing up properly on the spread that sound fast removed coming down now I mean we'll look at what the numbers are actually ended up being like I said it missed it uh by um by a lot I mean unemployment rate is down but no farm payroll is a lot higher than anticipated and it is what we're looking for uh unemployment being only down a point uh what sir 3.1 percent uh it's nothing to ride home about but the number of people added on to sort of non-farm pay uh is kind of something sort of easing the dig so everyone sort of should probably more likely show off of that uh getting across the board just a lot further down than we anticipated uh like I said uh yesterday it's not something that we're looking to meet uh speaking of yesterday we've got that that bottom that's set up into that Asia high that stop hunt but this reaction downwards uh it's not it's less than ideal if you are looking to be short for the day uh just because it's coming too soon and um our first move being that short is not necessarily always the best of things just because uh it usually means that they're going uh into the day just clearing out sort of long so we're just starting the day with a lot more shorts uh on the book than we necessarily want uh but she's usually able to sign because the shorts translate into uh longs but like uh any sort of news release we've got to wait for this and wait for sort of signs to sort of mellow out because they could easily capture these guys uh we went early long here push these guys uh out for no reason other than your enjoyment uh i mean i'm joking of course it's uh for a reason but we're still sort of got a look for that uh as a opportunity uh that may arise before sort of committing into that morning bro how you doing was the last essentially what we previously had here where we had these news could be had back to back news days where we ended up getting stuff come out uh this was going uh a lot more effective than what we had uh previously but we're looking for the same reactions we're looking for walls that's trying to keep this under if we can keep this under we can push this down shamed every day this week i think yeah i know i'm surprised i managed to wait you know what i've been waking up uh long up on london session uh just for this week because uh our new asia is going to be a bit bigger than uh and just by looking at the first day so i was like okay go gotta gotta wake my lazy ass up uh just so i can uh so i can be there for london glad you got out yeah again there's easy little stuff on you can see where it is sort of ends up closing back at the same area you can see that the next sort of previous course where the daily bans come they're just sort of trapping volume here if you switch back to book map and show that a bit further you probably have an opportunity to get back in uh we'll enjoy this again that's that area here there we have that volume area again you've got these concentrated lungs instantly undercut and now we're looking to uh find signs or find opportunities to potentially be bullish again because we want to be buyers on the downward swing we want to be sellers on uh when we're sort of going a bit higher than into space slow stay yesterday yeah it was pretty slow nothing really happened during uh london i mean new york other than during this area here but it's like a nice little w because what we're looking for essentially uh again maybe we're looking for it eventually to come into here but it went deeper gave you a nice little double bottom much later on then dragged itself higher and asia sort of surprising us once again at this point it's not a surprise vagal moves uh but ends up moving just because london new york and london really didn't have too much going for it look at everything right now again gold is selling off which is always a good sign uh yeah probably due to the fact that uh yes and everything's affected shorts and that double bottom swing high so it's clear that it's liquidity out then we're looking for it to then push itself further back we'll see if this finds itself in the need of a further liquidity or if it tries to sort of drag itself back up one thing got sort of cognizant of is uh we don't want to sort of break the sort of beefy trend of trying to trade lower than uh previous week because we want it to be sort of a bearish week and again it's already closing bearish so it's there's nothing more to add uh add even if we recover to the high here uh it's still gonna close bearish which still falls in line to our anticipated uh sort of uh target and it sets us up sets up nicely for next week if we do end up closing higher this uh higher this week but still on a negative note uh just because uh we're just grabbing a lot more liquidity here uh we can then sort of push up high we open the week or start the week a lot higher that means there's more there's more opportunities to drop further or the fact that if we start higher then we don't need to go as lower uh as we might do if we start sort of here or wherever we end up ideally looking for this to sort of try and mellow itself around here again it's pushing itself now we still have sort of quite a while so about seven minutes till this bar closes and it sort of finds itself well and truly and there's that bid roll that we're looking for we'll see if we can capture alongs here if we can we can then push these guys further further and further down uh and then sort of explode these guys uh on the swing up spot more of the same again we got a lot of people just panic selling a lot of people just end up getting the stops here and only ends up getting the best price at this point so they show it here and then instantly so operating or the souls here they instantly create a nice little build up as you can see again these are what we're looking for in terms of our rejection uh when we get buys like massively uh come into this area i don't know what reasoning someone would use to buy here but again it's not us so we're not complaining that further sort of pushes us back into the idea that this was a nice little volume stop they're keeping uh just around this area here and now we're sort of looking for that if we're coming back down so again we're just trying to grab as many sort of uh early long so we possibly can if we want to push these guys further and further out and once we do that and if we do do that in fact which is all dependent on if this stays or not this stays and we capture longs and then push down if it doesn't we remove this and we instantly sort of ricochet upwards yes finally making it smooth down took it far epic madness you're gambling again oh god damn it man and it's a pretty controlled training back into this range here put that again trying to get as many people short as possible ahead of the curb uh off of this uh currently we're just looking uh just trying to get into longs here but i don't think uh it's announced not obviously not usually over the time just by looking at how things ends up being set up uh again it just looks like it's a further trap we might push it down on the next bar just wait and see you've got four minutes till it closes anyhow once we sort of get that confirmation we can then push itself uh upwards and hit that into this higher there's altcoins and see what visionings they're currently taking in taking the casino tape hate the hunk god damn eat the casino but for how long tonight my family will eat rice that's a good thing i guess you can capture longs here you can capture longs here so that's the reason why they went up into these highs in the first phase to get these longs we only use our retail brains maybe that's why they went long here as well but every time they went long they were punished now they're finally going short so maybe they'll get punished under that fact so usually they say buy the retest uh but we already know they're not buying this retest in fact they're shorting here so that's most likely a retest that we can trust again we're looking to find further signs uh if they're trying to push these guys further down or not and that's the only thing you need to look out for is this this little bit wall here if they get enough longs they'll push it down and give you a second swipe at things when that's done they did it uh during this week as well they just rub the knife grab the longs and this is why I say save it no don't make me do that i'd use you spend my cocaine that's a noble cause you're helping uh you're helping the disenfantrized and uh you're also paying for uh for workers it's a good thing you're helping the economy wait to do it now it's just the waiting game to see what ends up happening a minute left till this bar closes uh we're getting a decent amount of longs trying to get comfortably uh comfortably nestled here uh what about charting icb sure sure how do i do that not nothing i can sort of leave in or nothing i care about but yeah it's adequately a shit coin not wholly a shit coin gonna be more of a same thing anyhow uh have more data anyhow i know people who still try to believe in this oh my god it's so down it's down bad man yeah nothing nothing holding it there's your weekly resistance that eight oh fell from grace did you also happen to play luna at a hundred more of the same thing it's going down so i think we'll expect some rise out of it uh it's just clearing out the courtesy as things do you've got your large double top here it's just sort of mellowing out here there you go there's a large double top so pushing out grab the longs here pushing these guys out holding in might sort of push back into sort of this area here see if you can break this but i think at that point you'll start to struggle because you get traders coming in here starting to buy this breakout so that's something that you want to start thinking of selling into uh once we sort of sell it into that we then sort of watch uh watch reactions around here if they're selling or buying if they're selling it's something you want to continue up potential squeeze of fire maybe target this area here just at this high uh but other than that nothing's coming to the next couple of weeks you want to be sort of bearish and there we go it's cleared that wall out uh it's sort of pushing out now but again it's not nothing we want to ride home about we still have this to overcome we could just snap into this and push back out uh again you should also grab people to see how many longs we got ask a thing good thing you always want to cut your losses as quickly as possible grabbing a lot more longs here these are sort of pushed out i mean not really stops all the predation so it's sort of new longs getting added into sort of the pie still undoubtedly massive sort of deficit we've put ourselves in just by swiping all the way down to here opportunities to try and grab this area again it's just creating this large width for us uh on this bar just closing off this area here grabbed a lot more longs uh now we're sort of trying to push them down more blood let's see what articles are printing jobs generated it doesn't smell like a recession hopefully we get the great release for the us so i can go over to us and it's like hey guys let me buy some things that's what happened in oh wait just go over from the uk just go over just buy many things because it's so everything's dirt cheap just like come back expensive stuff for dirt cheap it's like shopping in a third world country essentially i want that to happen again yeah now grabbing a few more longs still waiting for it to sort of shift before sort of entering too long into a long here but generally it is something that you're trying to think about you're trying to be bullish for this uh week close to some certain extent i think it just tries to set up for a bearish next week in order to do that we got to sell up uh much higher so we want to look for bullish sort of patterns and today then sort of tap off the end of the week uh potentially 50 percent between this entire sort of uh swing that we ended up doing uh for this sort of week in conservative sort of target will probably be around sort of this area here uh once we're sort of pushing in again we've got a lot of time to develop into here so we'll wait for the reactions of traders on the open probably get a double bottom or trade back into sort of this way here once we're back into it you can probably uh be a lot safer even if we don't trade back into it instead take uh take those we do have sort of lower areas here so we can definitely sort of push our liquidity out the market again this is sort of going back down like i said uh nice to see these guys go long and uh not really not really something we want to get into just yet uh seeing the things too many times you're definitely going to enter here so what we want to look for is them going more short than they are going long so anytime we start swinging lower uh once we start doing that they've clearly sort of shifted away uh the focus from targeting long to targeting short essentially then with this sort of sort of hanging around letting short sort of stack that's a decent sort of sign but generally doesn't outweigh what we need to outweigh uh for the long side so again probably look for a further sort of swipe as far as grab all the liquidity out nice little hammer so you can see everyone went long there got punished getting pushed out slowly like i have a coping it's like don't worry it'll come back it'll come back and by the time it comes back it already swiped low and they're really out and it continued off up on higher i think being green today i don't know why it's green on here if you go actually yeah i make sense because Asia did uh Asia did some definitely doesn't make sense why we are green now just for a bit see where we swiped here in the morning during Asia but where the volume and the closing is at this previous support that we had marked off you see with that weight again came back down now it's just collecting short here resuming resuming and collecting a few more longs around this mark so we may get like come back and swipe a bit lower maybe come back down to the center around here best slash worst case depending on who you are then push on try and break this sort of high again and move maybe up to the weekly but that's also a sort of a full order to ask for terms of bitcoin wise i mean it's already sort of a lot higher than uh what yes is that uh i mean it's got to be slightly bearish but again we'll slightly bearish for this week we're just trying to sell up for a bearish week best way to do that is to grab this and they will retail will be like oh yeah perfect opportunity this is a breakout i think i don't know but again if they start accumulating funds here open the week here and they can just flush all this quick to see out that these are the last couple of weeks that was sort of built into our picture of the next couple of weeks being a lot rougher and then we're not collecting too many shorts so the idea here being that we don't really have to uh have the ability to go too high without sort of adding liquidity from our own pockets so we want to continue building these shorts and then finally we can then try push it out because again you can see when we sort of reach people when we reach a large amount of shorts out within the market that's usually signs and areas where we look to out reverse so it's always something that you want to pay attention to really expecting a large gap coming out spy we're sort of opening around here when we open we can then fill when we fail we can then continue up higher essentially achieving a double bottom you can see now this pushing it's pushing these guys out very low on the liquidity looks like a lot of people are just sort of waiting with a baited breath we're too interested just yet so we've got to get them interested one way or another uh by other breaking uh lows or pushing up higher or just stagnating and letting the natural cause force of idiots take take into account not really too much to add on here it's just the same same things over and over again this week has just been a lot less variety than you then you hope for uh same things happening day in and day out uh just three back-to-back news days uh coming so you trade those days exactly the same as you do uh any other any other news days so that's why there's a lack of variation the way you trade is by doing the opposite you see how we're built long and we flush those longs out on the news day or on the time when the news released now we're building shorts out once we build those shorts out we can then look for them to sort of clear it all those shorts you see you've got the spot buyers coming in here as well so it's nice to grab these I don't know why they came in here like I said just they they never learned the lesson do they I guess that's instant regret see seeping in close off this perfectly it's helping for something of interest to come out around circles can I now unemployment slips too wage race is sharp again I asked what was good yes this was being a bit small was wage rate versus living you just created a stronger than expected uh April uh again they're empty though so we don't we don't care if they're creating new jobs when the jobs just being not not being filled in and the fact that what was it was it a high or Illinois one of those high high states uh they they passed a uh they passed a bill loosening child labor so who's to say those retail jobs that once uh were freely available for people as you need to go into children it's always that so uh they're gaining new jobs last month's partially offset by new data showing that the hiring was not as strong in March and February as previously reported but overall 10 year of labor market is one surprising strength in the face of US interest rates and it's not really that strong is it if you've got jobs but no one to do those jobs so you've got a labor shortage so not really fix the employment rate which uh i take uh yeah i mean low only a point percent when we got what 50 well it was an 80 percent more new jobs available to us don't it said Friday that the matches a cycle low in July January rather than before that a level last season's hourly raised 0.5 percent last month smashing the biggest increase in last summer's hourly increases in hourly wage wages of the past year climbed 4.4 percent perhaps a sign that a more rapid wage grown wage grown has become embedded in the economy i mean that's just because the cost of living is so expensive so of course they have to raise wages so people won't be working the jobs that i think uh these low labor jobs that's needed again again as i think that's that's what these new jobs are anyhow uh trading higher than in free market action action treasurer fire a hot US labor market may mean like chill but it's pretty darn strong normally it's a great thing tight labor market however my also added to the high inflation labor market remains strong the Fed uh could be forced to come off the sidelines and raise interest rates again putting the US closer to recession raising interest rates have historically led to economic downturns yeah i don't think it stays too strong for too long and uh what what do you mean raise interest rates if people are working well ask that's the most stupidest thing i've ever heard what what people will be more inclined to spend it if they have disposable income and if you reduce the cost i mean the first thing first they need to try and put a cap on businesses gouging people or uh or anything and everything so that's the main thing that's causing uh uh causing the increased wages to not mean as much should mean and it's just sort of affecting cost of living affecting cost of living uh rapidly so there's no real desire to start spending on uh other tangible goods so first they just all spend on necessities and the bare minimum to survive so once you curb that you can start lowering interest rates uh but again i don't know the government does what it wants i think US is uh destined to fail i mean it ran close 100 years pretty good not many empires last 100 years i mean if the if the US falls you should just go back under uh british color come on british colony no it was much better under the british rules collecting some shorts now i think this might sort of drive itself a bit higher after the fact uh which is always a nice thing uh always a nice thing if we create it low again you can see these first two bars came in just swipe low uh very aggressively it's an easy thing sort of uh watching sort of learn from yes just playing around with this food uh if i think i think this will actually this delayed anyhow that's why it's so so bad uh let me go up the non-delayed feed which i have here it's pretty much uh they're just following each other's tails at this point in time just grabbed a few more lungs at this top here watching them or trying to watch them trying to drive these guys under after the fact will be nice again we've got about 25 minutes till open once you grab open we can then sort of gap out gap down sort of fill this these guys fill these guys in once we fill these guys in uh then we can sort of look for maybe push back up is what yes these clothes being around here everything else just pre-market so again we can then run out everybody who is in the pre-market so they haven't got out yet everyone we're doing Asia and so on create a sort of shop and like this essentially run out this this will be where you're bullish then we can sort of drive this higher if it starts going up a bit higher they're just going to fall on deaf ears after the fact in the whole added verb in the opposite always take full effect do we have any more pivots coming uh to us uh no not really actually uh three o'clock credit changes there we go that's something that you mean that's credit credit market it's the money market that rules that rules the that rules the charts it's no secret changing the credit will always and and if not a good thing it's just another sort of time we can use uh to uh to pivot off of because ultimately we don't really give to flying monkeys oh sentiment did hit one okay hell yeah never have augmented that's coming a bit high uh looks like next week next week is going to be a very very fun week not for bulls but it's going to be fun nothing's sort of changing my mind right now i don't think uh nothing that will come about in the next 30 minutes to change my mind you guys should know what you guys are looking for again two things you look for double bottom uh all right to sort of hang around around here watch the collection of longs on book map if it gets too heavy on the longs usually they swipe these guys under and that's exactly what you're looking for uh but collecting uh switching switching that around if we support a much higher rate uh then we can ease sort of push out again ultimately we are looking for it to go up higher but it's just a matter of fact do we get the luxury of getting a bit more lower before going higher uh markets are opening with a gap up uh gaps are usually nice so they'll uh fill it in the downwards direction uh in turn it's all close off here so start a gap start a gap from here that's essentially what we're looking for ended there we go so we're opening we're opening around here we do we want to meet ourselves around here once we meet ourselves around here then it becomes a point in fact do we want to curb it on open much lower yesterday and then we sort of trade it back to the other side just trade it back to the other side just didn't fill out that entirely but sort of left that partially open and sort of coming back and built it in god damn you and your pepe don't fly too close to the sun everything should leverage itself uh to so high close so higher i don't know how high it closes it's so watch out for those reactions i don't think there's any sort of big bearish patterns we could look uh unless we sort of come in three o'clock hit then we swipe all the secrets back down and close it really bearish but generally uh it's it's uh it's a more bullish day today which is a oddity amongst the only happens with that i will call it a day thank you guys so much for coming i will catch you guys next week watch those long accumulations uh and the charts should just play itself out after the fact uh should be a relatively easy day to trade today uh i don't see many sort of spanners coming out of nowhere for our wrench in the works so we can sort of have a lovely weekend have a trade safe and i will catch you guys next week peace


I don't know if you guys saw that video I'm not gonna lie. It was mid. It was super hot mid. I just didn't even like the mode that much I was playing like really close games. I wasn't having a fan of it This one though this one. I think I could get behind final drive Offense you score a touchdown you get the win defense you get a stop you get the win It's so quick which I love 50 total wins is how you get the reward. So that is honestly a lot But I'm honestly just so excited. This is gonna be a lot better than the last one We're a 91 overall first time we've ever been a 91 got Josh Allen Marshall Lynch the same white receivers are used to seeing I got Hawkins socks at fullback. Why not and you know the rest of my offense my defense is a little different I did mess around with it. We got Fred Warner and Devon white Zadaria Smith, Brian or Rackbow We got Eric Rowan strong safety Vita Vaja that I was stepping to a Kenny Moore and Jair Alexander I know you guys haven't seen him yet. So I thought it'd be fun mess around with some new stuff. Let's play some final drive I hope this goes like wheel of art You guys remember that wheel of art when I went on like a 15 straight house rules undefeated streak kind of open I can do that here. I have a little unboxing today courtesy of Harry's they're sponsoring today's video So Harry's is a personal care brand that delivers a close comfortable shave at a fair price as low as $2 per refill Let me show you what I got here the razor itself You know Harry's always remembers my favorite color too I got the blue and as you can tell I just did a full clean shave has probably my favorite thing about Harry's is the quality of The blade you can pick up a razor pretty much anywhere, but it's really difficult to find a high quality affordable razor It's exactly what we got here plus they have awesome shave gel to the mammoth on the packaging gets me so hype every time And the shave gel has a little bit of aloe in it, which is suitable for sensitive skin I have really sensitive skin before I started using Harry's I would get razor bumps so bad I don't know if you guys have ever gone that before but it sucks It does not look good save yourself to hassle and shave with Harry's you're not gonna go back Also Harry's supports great causes as they give 1% of their global sales to nonprofit Organizations that provide mental health care for those in need like men veterans and LGBTQ plus youth Harry's is an awesome company I know you guys are gonna love them too So you can redeem your trial set for just three dollars when you go to harrys.com forward slash MMG in your trial set you get the five blade razor weighted handle a blade cover and they're foaming shave gel It's an incredibly great deal But act fast while supplies last and as always there's a link in the top of the description Harry's thank you Responsor guys enjoy the rest of the video so it starts out eight to three. Okay. That makes perfect sense I'm gonna go shake hat back corner the glitchiest play in Madden right now Tomlinson's open stand bouncing Switched off he switched off versus has a pretty good start considering I need to score to win waller waller It's over Wow That was a good 20 seconds He's all pretty close on Darren waller here, but he has a very good team digs camp chancellor Micah Parsons Justin Simmons young blood Roy Williams in prime time You know, I think this is a pseudo Cowboys theme team It's not entirely a Cowboys theme team But he definitely has Cowboys cam and he's definitely getting boosts from it I'm seeing the press coverage on matcalf dude, and I want my touchdown Oh, no, he pulled off so hard. He's fine, but waller is open makes the catch on prime time This is gonna be a tough touchdown I'm gonna go waller across and I'll block juicy juice. So we're kind of just looking for the check downs here Oh my god, he just What?  I'd be pissed. I'd be really mad. I'd be so mad Well play action here cooks is wide open on the left side and you caught that right? We're getting some sketchy catches here. So he's definitely sending sending a hot boy Ooh Oh, I'm throwing it. Oh, he was there, but I need a dashing dead eye right there I needed a madden 20 dashing dead eye. He is sending some hot blitzes though second and 10 Dude, he's sending streamers. This has got to be there.  That's the first time he ran down the whole game. Oh, he's still in it though That's probably not a good throw, but ready boss goes down with it Can I bring waller down to tight end? Will it let me? Oh, it won't will it? Oh, okay. You think waller's open here? Yes, sir Dots Let's go See that's a game where if I played the full game with that guy, he would smoke me But I got my one touchdown. We clutched up to two game. Let's go.   Oh, come on, buddy. You have mitzger bisky at kill me Oh disrespect disrespect disrespect Devon white That's what you get for starting Mitch I keep to leave Mike Edwards, Leroy, summon Warren, Sam, Namakinsu, Devon white, John Lynch, Shaquille Barrett Is that buccaneers theme team? Oh It's a buccaneers theme team Damn, we're seeing a lot of theme teams today, too This is my new favorite play by the way It is gnarly. I really like it. It's called cross drag. I believe there are very few times I've seen someone stop this it would be super nice if it had a good uh run audible, but it really doesn't See because darren waller is always open everybody runs these deep zone drops So they drop for those crossers and then it's always open So let's see what he does here because if he commits to darren waller this time I can throw metcalf. Let's see if he does it. Yeah, so he commits Well, he honestly did it. I still could have thrown darren waller there, but it worked out either way I'm gonna keep running it until he stops it. There's no glory here. All right I'm just going for the dub. It might be george kiddle this time Ooh, but josh allen.  All right, so that was the first time It was actually unsuccessful. Let's see how it looks here Something similar and all right. He adjusted. It's clamped. We're gonna try something different now So once they clamp that you go to shake half back corner And if they clamp that and shake half back corner But then they deserve to stop me because that's basically my whole playbook Oh, he's got a double on it. Damn That's actually. Oh, no, it's not now.  The only reason I haven't lost is because I'm getting so lucky What was that? I would go tight end attack another super good play this year. Uh, let's see what we see I think it might be darren waller touchdown. It is.  I would unplug it from the wall I would turn off all the power in the house curl up in a ball and cry.  Well for game win streak. I said I wanted to go on my win streak and I'm certainly doing that Corner blitz leaves brandon cooks wide open Nasty move, but there's two defenders second and two. Uh, I mean it's marshawn lynch. I should have yards here. Oh Whoa, that was really open. Oh my god. I wonder if there's a seam beater here. I wonder if metcalf will find this Yes, he does 100% Do I have the angle? No, I had it. Oh, dude.  Yep bingo Never mattered metcalf got the redemption. Anyway, five game winning streak.  I'm getting very lucky right now. I kind of like the idea play action here See if these blocks will hold clean Takeoff Josh Allen get down. I had no momentum and got rocked to the face and didn't fumble If that doesn't tell you my luck right now, then I don't know what to say Another play action roll out marshawn is there, but look at b wide open it cooks Could probably go great move and we're into the end zone. Oh my god. What is going on? Six straight. Let's get it. Oh, here we go, baby on defense only for the second time And this is where you're definitely at a disadvantage. He's got michael vic too Oh, clean it. Oh, okay.  We could end it right here. I think I'm gonna send a blitz All right, hopefully we get to vic in time. I'm going here and I'm dropping to this Let's go. Is that a manual again? Oh My oh jonathan allen. Oh my god seven game win streak. Let's go All right, you know what this video ends when I lose I won't make that the title although it would be a pretty good title But that's how we're gonna do this here. Uh sweety combo. Well, this isn't actually that sweety. We'll see how it sets up Let's go kiddle underneath. He should run through a key believe bingo. I love how consistently heavier players chuck smaller players I think they got that right this year. Dude. Everybody runs this play. I don't get the hype, but everybody loves it Also, they run away. Mike vick.  What is this team? Is this the raiders theme team? This is probably the best team we've faced if this is the raiders theme team This is the best team in madden right now that oh, maybe it isn't a full raiders theme team Yeah, I might be stuck on my ass actually I think it might be heavy raiders theme team and then the rest are just the best players in the game Either way he's leaving the inside zone very open Ow shake hat back corner gonna look for a lt here. Oh, he's gotta be there. Oh, he's kind of blanket it Didn't get it. He's out of bounds. Oh, thank god Oh, he's there. He's there. What what? What happened to the ball? It was so open. I don't even know what happened there. Honestly Also, that's a bad ball Loser gotta take my L gotta take my L there. I definitely got outplayed on that one At least he doesn't return it, but it's already over as soon as he got the pick. Damn GG GG. I'll take my L. All right. I said I would end it when I lose But then that would mean I'm I'm going out on a loss So I need to win a game and then I can log out here back on defense We'll earn the win too. If we're on defense, I'll feel like we earned it. Josh Allen at qb He might check down. Oh, no that corner outs.   Oh, that was open. That was a touchdown ready cooks. Damn I'm doing it again. I'm taking the top off the defense right here. Torch him. Torch him Torch him rainy moss. Let's go. Let's go Let's go Dude, we're going out sad every every extra game that I play it just gets sadder and sadder eight and three now Can I stop getting dotted please guys? I was I was eight no Can we go back to when I was eight no because I'm about to be eight and four This is a fall from grace.  I have this. I have this Good. Yeah, me and friend one are doing the same silly right now We don't fall eight or four or nine and three now I can confidently close it off. This house rules was sick It's not 10 out of 10 as tier like the fumble game mode was but this is a good seven or eight out of 10 Like all of my girlfriends. All right boys. I love you. I'll see you in the next video Thanks for watching as always. Peace