Clear lower-highs, lower-lows structure since the Jan $475 peak. Bounce from $275 stalled at $306 and is rolling back over. The $275-280 support zone is the next magnet.
📍 Entry: 294
🛑 Stop: 306
🎯 Target: 275
⚖️ R:R: 1.65
Options flow is heavily bearish — $15M in bearish premium vs $7M bullish. A single $9.8M call sale at the $290 strike confirms institutions are capping upside. Breakdown in progress.
📍 Entry: 294
🛑 Stop: 306
🎯 Target: 275
⚖️ R:R: 1.65
Options flow is heavily bearish — $15M in bearish premium vs $7M bullish. A single $9.8M call sale at the $290 strike confirms institutions are capping upside. Breakdown in progress.
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monk.trade — Trade setups and market intelligence
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.