 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 disclosures General disclosure all book map limited 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 and to get a future results Here's my contact information The best way to get in touch with me is through discord may name on discord is Doug P also in bookmap discord There's an options dash 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 though I'll go through in just a moment and note that bookmap discord is a great community a Lot of active traders there. There's a wide variety of content Stocks options futures crypto also in a wide variety of languages I'm also on X formerly known as Twitter. My name there is at Doug plus Here are the key tenants to my approach for trading. This is the basis of my Thinking and approach to trading first of all I believe options trades and market maker hedging activity are key drivers of price and many stocks and futures and Certainly in the large cap tech stocks that I follow as well as equity futures SB 500 and Nasdaq and for the SB 500 SPX is the underlying in index spy is the ETF version of that index and ES is a derivative of SPX and spy So when traders buy and sell puts and calls and SPX and spy Market makers take the opposite side of those trades and they hedge their delta exposure with ES futures and For the Nasdaq 100 and DX is the underlying index QQQ is the ETF version of that index NQ is a derivative of Ndx so again when traders buy and sell puts and calls and Ndx and QQQ Market makers take the opposite side of those trades and they hitch their delta exposure within Q futures The focus of my presentation today and the focus of the options dash 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 like it real-time order flow and bookmap and real-time market maker hedging flow and spot gamma hero to confirm my thesis and for setups for injuries and exits And when I talk about setups today, I will be focusing on an underlying asset For example for the SP 500 setups can be taken with ES futures spy shares spy options SPX options or even ES options Questions and comments are welcome and I will be watching both the options dash 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 do my best best answer your questions Here's my agenda for today Thursday, February 29th First of all, I want to go over news items economic data and events for today as well as tomorrow Then I'll go through my positional analysis Then I'll review some setups from earlier today, and then I'll take a look at the live market and Bruce has asked me to show The trading capabilities within book map. So I'm going to do that and I'm going to focus a little bit more on on trading going forward So I hope that that's something you want to see All right, so let's start with news items economic data and events for today Of course the big event big news item was the PCE data. They came out at 8.30 a.m. Eastern Time and There was quite a bullish reaction to that data and there are a variety of ways of looking at PCE data, but it basically came in in line as expected So there's month over month year over year Core and non-core. So anyway the market liked it Market participants definitely liked what they saw and here's the reaction to the PCE data 830 a.m. Eastern Time huge move higher This is the ES futures in book map and a huge move higher up to the upper daily expected move for ES All right tomorrow. There is some data coming out Friday 945 a.m. And 10 a.m. There's manufacturing PMI data that comes out and then at 10 a.m. Michigan consumer sentiment and Note that the jobs report that normally comes out on the first Friday of the month that looks like that is pushed back To next week. So the jobs report will not be tomorrow, but will be next week All right, so that that's the economic data. There's also been a number of Fed speakers today All right, let's move on to positional analysis now. So again, this is the SB 500 futures in book map Yes futures before I take a closer look at this chart. I want to step back look at a larger time frame and I'm going to go to the underlying index Which is SPX So this is the one-day chart for SPX and showing the current rally that began on October 30th and SPX is rallied up just over a thousand points in about four months That's shown by the stash purple line All right now. Let's take a look at a shorter time frame. I'm going to go to a one-hour chart So this is the top of the rally rally up to SPX five thousand one hundred and eleven and I'm going to look at the expiration dates for this year. This is the January expiration SPX broke out above the forty eight hundred level. That's right here and then in the February expiration 216 call-dominated expiration just like the January expiration and There was a little bit of consolidation after that expiration that is to be expected on a call-dominated expiration and then Nvidia reported earnings price broke out all the way up above the fifty one hundred level to fifty one one one All right, let me check for questions And I'm mad ask Hello, I'm a welcome glad you're here. Hello Floyd's garage Stephen welcome glad you're here I'm I had a mad ask Do you know any web-based service that provides live SPX option chains? I Know that most brokers do have web-based platforms, but you do need to have an account at At those brokers I Don't know of any I don't know what it's specifically what you're looking at if you are you looking for something free or Anyway, I'm not sure other than I know that thinkorswim does have a web-based platform That provides that should provide that information So that that's all I know Alright, so this is the SPX one hour chart Now let's take a look at the levels on this chart. So I'm going to zoom in Gonna zoom in on the last few days. So again, this was a 30-day one-hour chart now. We're looking at the last few days Gonna focus on the levels on this chart First of all the dash purple lines are showing the lower and upper weekly expected move That's based on the options market and those levels I update those once a week that's based on the closing on Friday and Those levels remain in place for the week Then the dash blue lines are showing the lower and upper daily expected move Based on the those are also based on the options market based on the closing price from yesterday I know that SPX is trading within both of those ranges and note the lower and upper daily expected move the expected move for today Was much larger than yesterday due to the PC report That was scheduled for today so the options market of course knew about that and the expected move was About 32 and a half points compared to about plus or minus 24 points yesterday again due to the Release of the PC e data today all right, so I post both of those numbers in In discord every day Sometime the evening before so I posted these numbers Yesterday evening both the lower and upper daily and weekly expected moves all right, let's take a look at Some spot gamma levels on this chart the other lines on this chart Those are shown by these red lines here. I'm going to focus on the key daily levels So first of all Here's the put wall and the volatility triggered just above that put wall at 5040 and the volatility triggered just above that at 5045 so the put wall is a strike with the largest net negative gamma and That that can be expected to act as support So again, it's the strike with the largest net negative gamma can be expected to act as Support and just above that at 5045. That's the volatility trigger that a spot gamma's proprietary Volatility flip level below that level market makers position on the gamma curve is negative in a negative gamma environment market makers have to trade with price to hedge their delta exposure and that tends to Enhancer increase volatility on the other hand above that level 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 and note that SPX is trading above its volatility trigger today and that level did move lower from yesterday So the last couple days it has moved down from 570 to 565 now to 545 and the put wall moved up substantially from 4500 yesterday to 5040 today and Then finally the 5100 level That's the call wall. That's a strike with the largest net positive gamma that can be expected to act as resistance And that's also the absolute gamma strike. That's a strike with largest absolute positive and negative gamma So that level moved up the absolute gamma strike moved up to 5100 put wall also moved higher so I Think the risk-off level is really deep more of the 5,000 level rather than 5040 We'll take a look at the absolute gamma strikes in in just a minute Alright, so the call wall up at 5100 potential ceiling. That's also the absolute gamma strike And if price continues to move higher that is certainly the Next target for price up above All right, let's take a look at one other SPX chart take a look at a one-minute chart to see the levels and play for today and Then we'll get back to the ES futures and book map All right, so SPX trading at a very narrow range today and this 5075 level that is a Combo combo to also a large gamma 4 level Acting as support price breach below that then acting as support again All right, so that's the only spot gamma level for SPX and play for today All right now let's take a look at book map ES I have my own cloud notes so I can show SPX levels and also spy levels So this is the And also ES levels so first of all starting off with SPX, there's the 5100 absolute gamma strike call wall and then the 5075 level that I mentioned before that is a combo to combining SPX and spy Gamma-weighted open interest into one level converted to an equivalent SPX price There's SPX 5065 Also have spy levels on this chart note. This is a Not a round number 507.69 that's a combo one level one being the most important that has been an important level Acting as resistance and here is the 507. This is the spy 507 absolute gamma strike So a little bit below the 5100 absolute gamma strike call wall and no dial so that have levels for ES there's the ES upper daily expected move and 5100 all right for spy There were some shifts and levels Volatility trigger put wall and call wall all shifted lower and the absolute gamma strike just like SPX shifted higher So kind of a mixed picture for the shifts and levels for the SB 500 and really hard to develop a thesis today based on the Unknown reaction before 8 30 a.m. To the PCE data All right, let's move on to Nasdaq All right Nasdaq. I want to take a look at the underlying Index charts start with QQQ. Here's the reaction to the 8 30 a.m. Data no volatility trigger zero gamma level at 434 Price shot up All the way to the 439 level the call wall remains at 440 for QQQ Supported this 435 level After that move down We'll take a look and see what that level is in just a minute. It's not labeled here in thinkorswim All right, so those are the levels in play for QQQ We'll take a quick look at NDX and there's this 18 18,035 level just above. We'll see that on the NQ chart as well All right, so just like Yes, I have my own cloud notes so I can show NDX levels. There's that 18,035 level that's a combo three level and Here's the QQQ 435 level acting as support. That's the absolute gamma strike for QQQ That has been an important support level earlier this week. I Did show a post I posted a setup Along it 435 earlier this week for NQ QQQ So that level doing its job That was noted as support in the Spot Gamma M Founders note doing its job Acting as support for long just before noon right around 1130 All right shifts in levels for QQQ the volatility trigger did shift lower and the Absolute gamma strike also shifted lower So that's slightly bearish for For QQQ and for NDX the levels were very wonky today So I'm just going to ignore Levels the key daily levels for NDX. They were Substantially lower. They didn't make much sense. So I'm just going to ignore those levels All right, let's take a look at gamma notional them will wrap up the positional analysis Gamma notional market makers position on the gamma curve at the beginning of the day This is for the SP 500 NASDAQ and also 2000 Note all these levels did shift lower from yesterday SPX still positive. So what this means is spot gamma assumes that traders are Short calls for an indexed market makers along calls hence the positive gamma and they have to trade a Gents price to hedge their delta exposure and this is 250k For spy, which is basically zero and Then slightly negative for QQQ overall a very neutral picture for Gamma notional for the SP 500 and NASDAQ. Let's take a Last look. This is the absolute gamma strikes for SPX. I just want to focus on On these levels the orange bars are showing Call gamma Or positive gamma blue bars showing put gamma or negative gamma. So it's pretty obvious the Most of the gamma is concentrated between 5,000 and 50 100 this is 5,000 So that would really be your risk off level if price broke below 5,000 and then there's the Call wall absolute gamma strike at 50 100 All right, let's take a look at some setups now and give me just a moment. I need to check on something Okay, I'm back. All right, so The levels that we looked at so far so everything that we've looked at so far other than bookmap is based on static data updated once a day sometime overnight spot gamma takes that Data applies their algorithms to that data comes up over the levels that we were looking at So now let's move on to execution and we're going to move on to real-time data So what this chart is showing is options trades and market maker hedging activity This is the hero signal hedging impact real-time options And this is showing again options trades market maker hedging activity for a combined signal of the SPX by XSP and ES futures The white line is showing price for SPX Again a real-time chart Purple line is showing the hero signal when the hero signal is falling This is an indication that traders are taking negative delta positions. They're buying puts and or selling calls a Rising hero signal indicates they are taking positive delta positions. They're buying calls And or selling puts All right, let's zoom in on this chart I'm gonna focus on Excuse me. I'm gonna focus on a morning set up Zoom in on this chart just a bit So after the big move up in the morning, there was quite a bit of a chop until about 10.05 This Hero signal this is the total hero signal showing calls and puts again for those four instruments Shifted down and here's your pullback entry We'll take a look at that in just a minute and that was right at ES 5100 All right, let's take a closer look at this chart. I'm gonna take a I'm gonna separate outputs and calls And if this chart does an auto zoom then I'll I'll get back to it All right, so just a few minutes after the open traders started buying puts that shown by the Falling blue line and then just after 10 they kind of accelerated that again. All right, so that was what I was afraid of We can just jump to another chart jump back Zoom in again All right, so consolidation up until about 10 a.m. And Put buyers step on the gas starts to move lower. That's right around 10 a.m. And then call sellers Just a few minutes later they stop buying calls start selling calls That shown by the falling orange line the oranges for calls Blue is for puts again these are in terms of delta following blue line traders are buying puts Falling orange line traders is selling calls at this point both lines are moving in the same direction And that's a very powerful directional indicator. All right, let's go take a look at book map Go back to ES Adjust this chart just a little bit All right, so here's the Before we saw that big move up after the 8 30 a.m consolidation The big jump up 8 30 a.m. Eastern time then starting right around 9 30 Price moves up. Yes moves up to the around the upper-day the expected move consolidates Then traders start taking negative delta positions The volume dots are showing market buy minus sell Green volume dots indicate more buyers than sellers Magenta dots indicate more sellers than buyers aggressive sellers start to come in And price moves lower initially down to the to the 507 Absolute gamma strike call wall more consolidation and then price moves lower finally ending up Right at the spx 5065 level That was actually noted as resistance on the spot gamma. I'm founder's note. And of course that was noted before the 8 30 a.m. Eastern time data release Aggressive buyers start to come in price moves higher I don't know if it might have been a fed speaker that initiated this move lower But options traders they had already started buying puts into that move And steven says flag pattern there. Yeah, kind of a I guess a big flag pattern big consolidation then price moves lower And the thing to note here is this spy level The spy 507.69 combo one level Acting as resistance And these levels do work All right, so that's the uh short setup And note during this move down All three lines that I have in my sub chart were moving lower Light blue lines showing iceberg orders Traders were selling this move down. These are not large numbers, but large traders were selling this With iceberg orders. That's why I look Like to look at the sum mode here That's what i'm showing in the sub chart net During this time large traders were selling that move higher with iceberg orders. They used eye to the size Also cumulative volume delta that shown by the dark blue line. They're all overlapping But that's the dark blue line that changes to magenta. That's cumulative volume delta And then as price makes the final drop Cell stops fuel that move lower that shown by the yellow line So the big moves lower over both fueled by cell stop orders All right, so that was the Short setup from this morning. Let's go back and take a look at hero To go back to the total signal. I'm going to have to jump to something else And this is the mag seven signal. I'll talk more about this in just a minute Note the sharper versatile right around 1140 This is showing the stocks known as the magnificent seven Traders start taking positive delta positions in those stocks And that actually provided a better signal for a long right around right around 1140 Let's go back to book map Again, I talked about all the aggressive buyers coming in shift from magenta volume dots to green volume dots Big stop run down to the 50 65 level And then price reverses higher As traders started taking positive delta positions the mag seven stocks All right, so now it looks like yes is breaking above that 507 69 level. All right, let's take a look at nasdaq And steven says he took a short at that level All right, this is nasdaq Let's take a look so we'll go back to hero now and take a look at the Go to the mag seven zoom in So we're looking for the short right around 10 a.m. And just looking at You know, I should have done this before separate outputs and calls Go to nasdaq go back to mag seven to zoom in again All right, so let's just say you were Watching this in real time a lot of price consolidation just like the s&p 500 And the rising blue line shows that traders were selling puts rising orange line that we're buying calls Both those lines shift lower Just around 10.05 10.07 Price moves lower Let's zoom in All right, so the same thing with nasdaq is the s&p 500 Aggressive sellers shown by the magenta volume dots And there is a Let's zoom in on that So we'll pull back to nq 18,050 Good for a short first target 437 and price finally Makes it way all the way down to 435 before reversing higher as traders started taking positive delta positions in the mag seven stocks All right, let's go back to hero So looking at a bigger picture After that initial move down traders did Start selling puts buying calls again Right around 1050 They start buying puts start selling calls And that's when price moves all the way down to the 435 level Again, the orange line and blue line moving in the same direction. And then there's the Reversal higher right around 1140 1145 So options trades in the mag seven stocks driving price Lower and higher today in the nasdaq and right now it looks like Put sellers have taken the foot off the gas same for call buyers price may be consolidating All right, let's take a look at some stocks and then we'll get back to the Get back to the nasdaq and the s&p 500 First of all, I want to take a look at AMD Note the rising orange line here. This is really the the long of the day for sure Traders buying calls from the open Note there was a couple things here. First of all this flow alert You can't can't even see it that It's right right at the cash open every time and try and point pointed it Um It draw it moves out of the screen, but if you look at the very Low corner there. There was a flow alert indicating significant options activity Also note 180 is the call wall key gamma strike so When traders buy calls market makers sell the calls And they have to buy stock to hedge the adult exposure as an added kicker when The calls that are concentrated at the call wall So again traders are long calls market makers short calls as price moves above that Call wall key gamma strike those calls go further into money delta is negative delta is increasing And market makers have to continue to My stock to hedge their delta exposure So that's helping to fuel this move higher. Note the strong correlation between calls and price Call buyers take the foot off they ask consolidation then it right around 1140 That's when the mag 7 signal shifted higher traders start buying calls again and price moves higher They are selling puts But note the notional value 21 22 million versus Calls at 559 million Call buyers drive driving price In amd All right, let's take a look at another stock. I saw this morning Microsoft let's zoom in on this And actually let's go Let's go to book map first. Well, look at look at amd Let's go to amd All right, so here's the move up in the morning as traders were buying calls note all the green volume dots aggressive buyers pullbacks Pullback entries aggressive buyers Remember call buyers took their foot off the gas right around 1140 They started buying calls again aggressive buyers come in price moves higher. There's the 180 call wall Uh 10 points down below where amd is trading now. So a very bullish day here in amd great long setup And this was uh to me a lot easier to read than the Yes, and in queue today at least in the morning very easy read though hanging a few fruit Just look for that flow alert And look for the rising orange line And quant 2k4 Ask can I know how the iceberg quarter coded out or I'm not sure I understand all that question I'm sorry that is proprietary to book book map book map does take So first of all CME provides Stops and icebergs data. Those are order types for CME futures and rhythmic is the only data provider that provides that data Book map takes that data And they uh with the stops and icebergs indicator They show the on chart and sub chart indicators. So spot gamma a book map takes that data and they count they Show that information on the on book map All right, so redhead shark here. Here you go. Here's amd great long 10 points from the open All right, let's take a look at a couple other other stocks. Then uh, steven wants to take a look at coin Yeah, we'll take a look at that. So, uh, hope that makes sense quant 2k4 That is a proprietary Indicator for book map or let's move on Here's microsoft Let me zoom in on this So this turned out to be more of a scalp And microsoft Zoom in just a little bit more So let's go take a look at hero first Let's go back to hero for microsoft So what I saw in microsoft was this flow alert And these flow alerts also appear You don't have to look at at stocks to see these you can Actually look at Look at alerts for your watch list. So this shows flow alerts for all the stocks and this shows flow alerts for stocks in your watch list, which is These stocks here below And they apparently they do roll off after a period of time But I saw this alert in the morning And what this was showing Is this is a large block order of puts large institutional order selling puts and another order Same thing selling puts So looking for a long setup at vwap Up to this 410 level Note the high liquidity at that level And also the liquidity At the 409 level Those are resting limit orders in the order book Above price. Those are limit sell orders and they act as magnets for price And let's go back to Go back to hero 410 is the Hedgewall keygam strike So let's go back to hero some out a bit So after those two block orders No more no more orders put sellers took their foot off the gas Same for call buyers And price consolidated right at that Actually, that's also the put wall So microsoft trading below its put wall No more options fuel and price starts to move lower All right last one i want to take a look at is tesla And tesla was bearish today Good for short Tesla trading above its 200 Call wall keygam strike Stop esh for cme by 1130 The orange line indicates traders were Selling calls Buying puts Let's go take a look at the book map go to tesla So great long and amd Also long scalp and microsoft And then a short in tesla Down to the 200 level As traders were selling calls and buying puts and actually all the way down To 199 Pullback entries All right, let's take a look at Some trading now So first of all, let's go to Let's go to in queue And bruce has asked me to show Some trading features and book map So i'm going to go to Let's take a look at Let's go to Go to mag seven Take a look at this. This is the I put this link in discord. This is from bruce put this link in discord. This is information about the trade Trade control panel In book map This is in the book map learning center getting started trading and trade control control panel overview All right, so let's take a quick look at that So first of all, if you want to trade in book map, you need global plus So you need to subscribe to global plus You also need data either stocks data if you trade stocks Or rhythmic data if you trade futures And you also need to connect to a brokerage account So i'm connected for futures to trade of eight All right, so let's open up the control panel so this is the You know go to the lower learning center if you want to know more about the control panel All right, I am connected to a demo account in And trade of eight so just to be clear I am in trading mode. I opened up book map in trading mode And I took a small trade this morning A counter trend short Just to show this so this is you know just to point out This is demo Not a not a live trade not a recommendation So I changed over to my demo account this morning to show this All right, so let's take a look at whoops Instead of zooming in on this. I want to take a look at At what I did this morning. Let me see if I can find this And this was just simply to show Show a trade Let me zoom on it. So this is from this morning. It's easier just to show up A screenshot here And this was simply to illustrate trading in book map So I opened up the Trade control panel. We'll take a look at this and uh And just closer in just a minute Just to point out this is a very nice feature in book map that allows you to trade if you want to trade micros Instead of the full in-q contract you can do that Just by uh this cross instrument trading here. So that's what I did in-q is a huge contract Easy to get stopped out. I think a lot of traders do prefer to trade M in q the micro instead of the full contract So what I do is I I will start by selecting one or two contracts And then when I Want to enter a trade. I will Double click so I will and so I can separate out. So what I did here was Take a short and you know just to illustrate Stop run up to in-q 18 000 And I was looking to uh to fade that for a little bit of a move lower My timing was not perfect There was a retest Of the 18 000. This is point of control right above And then price moved lower. So I scaled out About the halfway point maybe just a little higher and then my Primary target Was this 437 large gamma 3 level So that the short entry And got out for the final just before my profit target And there there was my scale out And note I use was using a bracket here And then I can once the Once the order is executed You can move these Take profit orders and stop loss order Around on the screen however you want. So I use chart trading All right, so that was just a demo trade from this morning All right, so we'll see if we can try find a trade now. So here's where that trade was so, you know, obviously the There were much better trades I just uh right before I started to Go to launch I wanted to Put on a sample trade. So I didn't have time to wait Much better trades long entries As traders were taking positive delta positions in the mag 7 stocks Long entry there pull back to 437 All right, let's so let's zoom in now and see if we can Find a setup just to illustrate how this works All right, so normally when I'm trading I'm looking at Multiple screens at the same time. So it's going to be more difficult for me to trade Uh The three screens that I normally use for trading. I have book map to score it on one normally I have my trading platform I have book map in the middle. That's what I'm presenting and then on my other screen on another computer I have hero And I have youtube on that screen. So I only have one screen Where I'm normally looking at Hero book map and my trading platform on one screen So let's just check First of all, let's see what options traders are doing with hero Let's go to hero for the mag 7 and let's just go to Total signal just to simplify this a little bit All right for the sv500 the hero signal is shifting lower Let's go back to mag 7 All right, so for so far the overall trend is higher Let's zoom out on this a little bit What I'm going to do is place a We can watch and see if price gets down to 438 You know, this is just this is in in a demo count just an example Let's just uh We use two contracts here Again, we're on m and q Trading looking at the nq chart Stop field All right, so I can drag one of these orders down All right, so this is not a recommendation Probably get stopped out But I just wanted to I only have a couple minutes left wanted to uh show a trade my intent was Sorry, my intent was to show a Bystop order So I got stopped out All right, so let's see if there's a reaction at 438 So normally I would have what would have waited to uh test a 438 So let's try long again Order filled So I double-click there All right, so again, this is not a not a recommendation All right, so there was a test of the 438 level Let's see what options traders are doing All right, so I have one one take profit order 10 points above And the next at 20 points above All right, so this is just for illustration purposes not a trade recommendation. This is in a demo account All right, so again for this you need Bookmap global plus You need a connection to a broker's account And then this is illustrating the use of this trade control panel So again, I'm using utilizing this across instrument trading so for For nasdaq here. I can select in hue the full contract or The micro m and q Which I've done here I know a lot of traders like to trade micros for the nasdaq I get set take profit At 80 stop loss 40. That's ticks All right, so now I'm going to move my stop loss Up I can just drag it up. All right, so now I have risk out of the trade And I do that once I take profit At my first scale out And to get this entry remember I double clicked So if with one contract that that was long for two contracts and then for If I had two Two selected here that would have been for four contracts All right, so I may get stopped out again price may go back down to the To my break even Note this line right here That's showing my break even point So much better entry here Patiently waiting for a test of the 438 level Let's go back and see what options traders are doing All right, so now the hero signal for mag 7 is starting to tick higher again Looks like we're going to be stopped out Stop filled All right, so at least I got 10 points for For one contract there again a better entry point After a test of the 438 level note that order flow here Not really supporting along cumulative volume dealt continues to move lower stops lower Not much iceberg activity here All right, so maybe another test of 438 And steven. Thank you for posting the link to the learning center All right, my time is up. I want to thank everyone for quiet Watching All right, so it looks like now that there was another test of 438 And that might have been the better entry. Let's take take a look at at hero Not a strong confirmation and hero All right, my time is up. I want to thank everyone for watching Thank you very much for your questions and comments And I will see you tomorrow. We'll wrap up the week tomorrow. All right. Thanks again everybody Have a great afternoon. I'll see you tomorrow. Bye