GEX and Quads --> bullish!
On Wednesday (before the open!) I wrote:
“Adding exposure / testing the waters here!”
Now what?
The GEX looks really bullish:
When the GEX moves up more relative to the indices, that is a positive sign, we have the third day in a row with positive GEX divergence to the indices.
On this level here Dealers will sell rips and buy dips, e.g. volatility should come down, they “pin the market” + a slow upward drift is to be expected.
Under the hood breakouts will do very well! And they did well before the rally —>
BYRN: Moves like that do not happen in a bad market!
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