 Hello everyone welcome to options with Doug streaming live daily on bookmap discord and the bookmap youtube channel at 130 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 Involve substantial risk of loss and it's not suitable for all investors Pass performance is not necessarily indicative of future results Before I go any further I do need to pause for a public service announcement for bookmap Bookmap is asking all discord users to fill out this form You can get to it by scanning this code with your phone And this will provide you with some exclusive webinars enhanced services beta programs free add-ons and This will also make bookmap discord better community for all participants So if you have not done so already Please fill out this form if you're not a bookmap subscriber you can subscribe to the free version and That free version does include crypto data I think for one exchange as well as delayed stock data Here's my contact information the best way to get in touch with Get in touch with me is through discord. My name on discord is Doug P also in bookmap discord There's an option stash dug chat channel. That's a great place to post questions comments and content related to the topics of my topics of my presentation and the topics of the channel that I'll go through in just a moment and Note the bookmap discord is a very large community There's a wide variety of topics covered here on asset classes including Stocks options futures and crypto in a wide variety of languages great community a lot of active traders Working together to help each other become better traders. I'm also on x formerly known as Twitter My name there is that Doug plus the key tenants of my approach to trading is That options trades and market maker hedging activity are key drivers of price and many stocks and futures And this is especially true in the last few years And for the SP 500 SPX is the underlying index so spies just another another version of SPX and ES is a derivative of SPX So going back to my first tenant when traders 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 They want to remain delta neutral so their job is just to make markets and manage their risk Which is their delta exposure and they do that by selling buying and selling ES futures and the same for the Nasdaq NDX is the underlying index QQQ is the ETF version of that. It is more liquid more volume traded in QQQ than NDX and NQ is a derivative of NDX The focus of my presentation today and the focus of the options dash jug 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 the first is planning and I use positional analysis I look at how traders and market makers are positioned at 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 a directional bias And the second step in my process is execution I look at real-time order flow and book map and real-time market maker hedging flow and spot gamma hero to confirm my thesis and For setups for entries and exits and when I talk about setups to debate today I will be focusing on an underlying asset for example setups in the SB 500 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 jug 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 to answer your questions and Hello, Stephen. Welcome. Glad you're here and hello trading price and time Good afternoon. You welcome glad you're here. Here's my agenda for today Wednesday, February 14th First of all, I want to go over news items economic data and events 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 earlier today Then I'll take a look at the live market and when I get to the live market if anyone has any stocks They want me to take a look at please let me know and I'll be glad to Show them so please post your stocks and I'll be glad to take a look All right, let's start with the economic data and events So today was Vicks expiration and that was Not much event really just something to keep track of Vicks expiration All right, let's move on to News events for the rest of the week So tomorrow retail sales Economic data comes out at 830 a.m. Eastern time then on Friday PPI data comes out at 830 and Michigan consumer sentiment at 10 a.m. And of course Friday is the options expiration for the month of February and It has been a very call-dominated options expiration. I won't take a look at that tomorrow All right, so that's the rest of the week. Let's move on to positional analysis now I'm going to start with the SB 500. This is the ES futures and book map and before I take a closer look at this chart I do want to go to the underlying index and take a look at a larger time frame Higher time frame. So let's go to the SPX was wrong chart. Sorry I'm going to start with a one-day chart for SPX. So again, I'm looking at the underlying index for the SP 500 current rally began last year October 30th long tool and so far from low to high is about 940 points and SPX has been moving through a variety of call wall levels starting with 4,800 at the beginning of this year So let's pick this up with a one-hour chart now So this is SPX in a one-hour chart showing the same trend line and SPX gradually moving through call wall levels and this is the January monthly options expiration and SPX broke above the 4,800 level broke above the 4,900 level after the FOMC went down below then broke out again above 4,900 and The call wall moved all the way up to 5,100 That was a couple of days ago and then moved has moved back down to 5,000 and this is a reaction to the CPI report Yesterday that they moved down actually began the day before All right, let's take a look at levels on this chart and I'm going to zoom in just a bit So we can get a closer look All right, so we know that SPX has gradually been Increasing and the call walls have moved higher and higher supporting higher prices Up until the drop back down to 5,000 All right, let's take a look at levels on this chart. First of all the dash purple line Lines are showing the lower and upward weekly expected move. This is based on the options market I update this once a week and I do post this in discord. All right, so that's the weekly expected move and Yesterday SPX did trade down below that level also traded below that level again today and now is up higher and Then the dash blue lines are showing the lower and upper daily expected move also based on the options market and So far today SPX has traded briefly above the upper daily expected move and is now heading back that way again All right, the other lines on this chart are showing spot gamma levels These are proprietary spot gamma levels provided to subscribers. They're showing on a variety of trading platforms This is thinkorswim These levels are based on gamma weighted open interest I'm going to point out the key data levels. So first of all, here's the put wall At 49 10 that's a strike with the largest net negative gamma that can be expected to act as support That level did move up Pretty substantially from yesterday up to 49 10 today All right, the next level up is the volatility trigger at 49 45 That is spot gammas proprietary gamma and volatility flip level below that level market makers position On the gamma curve is negative and a negative gamma environment market makers have to trade with price to hedge their delta exposure and that tends to Enhance or increase volatility when market makers are trading with price On the other hand above that level like SPX is trading now 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 The next level up is 5,000 that's the call wall as I mentioned before That's a strike with large net positive gamma that can be expected to act as resistance That's also the absolute gamma strike. That's a strike with large absolute positive and negative gamma And it is by far the most dominated dominating strike as far as absolute gamma goes and the SPX as I mentioned before that level Last Friday moved up to 50 50 on Monday. Monday moved up to 5100 and now yesterday and today is back down at 5,000 Alright, so those are the key daily levels a very narrow range the put wall being at 49 10 the potential floor And the call wall at 5,000 the potential ceiling All right, let's wrap this up with a one-minute chart for SPX just to get a closer look at the levels and play for today So SPX gapped up today this left shaded portion is showing Price action for yesterday. This is the reversal hire yesterday afternoon close above the 4945 volatility trigger Gap up today Some resistance at the upper day they expected move and now SPX is trading Below that level but above the upper weekly expected move. All right, let's go take a look at book map now Or in a book map, I have my own cloud notes. I have one column of cloud notes So I can show SPX levels There's the zero gamma level and I'm also showing spy levels on this chart spy round number levels have been in play for today There's the 498 that it acted as resistance earlier today Here's the 495 absolute gamma strike and right now it looks like this 497 level along with ES 5000 is acting as resistance That same level was a little bit of resistance earlier today Right, I talked about shifts and levels for SPX Volatility trigger call wall and absolute gamma strike all remain the same levels from yesterday The poop wall did move up and for spy Volatility trigger moved lower the poop wall also moves top moved higher and the call wall and absolute gamma strike both shifted lower and So it's a bearish hat trick for for spy. So that is I look at that as bearish All right, so those are the levels in play for the SP 500 Again, primarily the spy levels spy round number levels being in play for today Or let's take a look at NASDAQ. Let me zoom in just a little bit see this I wanted to see the label for this level Down here. So this is Looks like so for NASDAQ. I have my own cloud notes. Actually before I go into that. Let's take a quick look at The underlying index charts. I'm going to start with QQQ Dark shaded area on the right showing regular trading hours The only clear support and resistance is at the 429 level I'm not sure why the spot gamma levels labels for the levels are not showing here 430 is the absolute gamma strike All right for QQQ the volatility trigger and poop wall shifted higher that's somewhat bearish Let's take a look at NDX So in DX this 17,625 level Was in play for today acting as support Along with the QQQ 429 level So that's the only NDX level in play for today and That is a large gamma 4 level. All right. Let's go back to Book map. All right. So this break of 432 Good entry point for short Then the 429 625 level along with NQ 17,700 acting as support So again, I have my own cloud notes One column of cloud notes for the Nasdaq NQ futures So I can show QQQ levels Then again, there's that 625 NDX level just above the QQQ 429 level also big round numbers For Nasdaq NQ Here's the 430 absolute gamma strike acting as support Hello, Caesar. Welcome glad you're here. I'm looking at questions and Caesar ask are you using Trader map pro on NQ or just High cutoff filter, so I'm not using trader map pro Excuse me. What I've done is I've adjusted my heat map settings Just to clear out a lot of the noise in Nasdaq I'm really focused for Nasdaq focus more on the QQQ NDX and NQ round number levels So I've adjusted my Yeah, maybe I need to revisit this but and maybe use trader map pro But for now I have just and I did this some time ago adjusted the heat map in NQs to Make a clean chart here Alright, so those are the levels and play for Nasdaq again For QQQ volatility trigger put wall shifted lower and for NDX The volatility trigger call wall and absolute gamma strike all shifted lower and the call wall and absolute gamma strike shifted bound Backdown to the 17,100 level that is those has been the call wall and absolute gamma strike for quite some time moved up to 18,000 Now back down to 17,100 and for NDX the put wall did also move higher But I bearish hat trick for NDX as well All right, so those are the levels and play For both the SMB 500 and Nasdaq. Let's take a look at Gamma notional see how market makers were positioned at the gamma on the gamma curve at the beginning of the day What this is is gamma notional For SPX spy NDX QQQ and the Russell 2000 Note with the exception of NDX all these numbers have shifted negative so yesterday All positive and today again with the exception of NDX all negative and Just mildly negative So in negative gamma environment this indicates that traders along puts Market makers are short puts Hence the negative gamma and they have to trade with price to hitch their delta exposure now This is at the beginning of the day. So if the rally continues I expect gamma notional to shift back positive So all these numbers did shift lower from yesterday and they shifted to negative and Just mildly negative and as we've seen already the SPX was is trading above its volatility trigger and Spy is as well. So both SPX and spy are trading above their volatility triggers and let's check on QQQ Also back above its volatility trigger at 428 All right, so that I'm going to skip over the Vana model. It's the last time I look the index SPX spy QQQ. We're all trading at the bottom of the curve. So there's no no additional insight today from Looking at the Vana model. All right, so let's move on to positional analysis I'm sorry move on to execution so we can take a look at some setups. So everything other than bookmap that I've looked at so far is based on static data the the gamma levels in the SP5 SP500 and NASDAQ that's based on static data Spot gamma takes open-interest data applies their algorithms to that data to come up with those levels They change every day. I update them every day So I can show this correct levels on my chart and by the way, I forgot to mention there is a difference in price between ES and NDX and ES and SPX and NQ and NDX and I post the preliminary and final numbers that I'm using every day and discord and right now the ES to SPX difference is somewhere between 16 and a half and 17 and I'm using 16.5 and that's what I posted in and discord for my final number Okay, so let's that that's the that's the positional analysis. Let's move on to execution now So what I want to do first is take a look at what options traders have been doing. So this is Real-time data now the hero signal is hedging impact real-time options This is showing options trades and market maker hedging activity for a combined signal of SPX spy XSP and ES futures So this chart is showing price for SPX With a white line and the hero signal and the purple line a falling hero signal indicates that traders are Buying puts and or selling calls and SPX spy and Market makers are taking the opposite side of that and they have to sell futures to hedge their delta exposure and a rising hero line Indicates traders are taking positive delta positions. They're buying calls and or selling puts Market makers take the opposite side and They have to buy futures to hedge their delta exposure and so far today looks like Slightly bearish, but somewhat mean reverting price action All right, let's zoom in on this chart now and let's take a look I want to focus on one setup from this morning and This was the short around 10 30 so the 10 30 turn around. Let's go take a look at book map Go back to ES I'm going to focus on the first two and a half hours of trade Here's the cash open at 9 30 a.m. Eastern time quick drop lower and Then options traders were taking positive delta positions price made a series of higher lows Consolidated just below the 497 level that's shown here. This was a continuation pattern price broke out up to the 498 level and Let's focus on the volume dots now So the volume dots show market buy minus sell Green volume dots indicate more buyers than sellers Vagenta dots indicate more sellers than buyers So starting right around 10 30 When traders were taking negative delta positions Aggressive sellers start to come in and note on the move up This was a buy stop run that shown by the rising yellow line in the Subchart also the on-chart indicator So we know there was a stop run up to the upper daily expected move and the 498 level just above that All right, let's go back to hero So the hero signal starts to make Makes a lower high Then starts to move lower Let's separate outputs and calls and see exactly what traders are doing I'm gonna have to do this pretty quickly this triggers the auto zoom Traders were buying calls take the foot off the gas. They stop buying calls and they start buying puts and That's what Help to trigger that reversal lower So traders take the call buyers take the foot off the gas. They start buying puts and Price moves lower and let's you know zoom in on this Move down Really interesting is That what large traders were doing with iceberg waters notice here price moves up to spy 427 And ES 5000 and these aggressive buyers Are met with iceberg orders sell iceberg orders. This is what? large Large traders use iceberg orders to hide their size So about pretty easy short there lower high traders taking negative options traders taking negative delta positions Market makers taking the opposite side and they sell futures. Excuse me Excuse me Little bit of a pullback to 5000 there and this is where large traders have their iceberg orders waiting to take them on and One very interesting thing here note the This line right here This is iceberg orders remaining in the order book not completely filled and that will come into play later Let's see. I may be looking at the wrong line. So let's move on So we know traders were taking negative delta positions and here's another iceberg order and note this time remains in the order book as well, there's that line indicating Their iceberg orders yet to be filled again aggressive buyers move move price up this time to VWAP and Met by these iceberg orders again You shall not pass Large iceberg orders in there taking on these aggressive buyers price moves lower and once again Note this line remains in the order book That may be hard to see but that is still size iceberg orders sell iceberg orders and aggressive buyers Again met by large sell iceberg orders. That is 2500 Contracts executed sell iceberg orders and again, this is what large traders are using to hide their size This is also shown in the sub chart here with a slight blue line Stop run up into those iceberg orders and price moves lower and aggressive sellers come in as well And then here's that second higher line of iceberg orders just above and Note that was finally cancelled. That's what the C stands for so that line terminates right there So they had their iceberg orders in it. This is 49 92.25 and Then the one above This is the one at forty nine ninety two Point two five and the one above just above five thousand so this This should indicate the clear value of having iceberg orders on your chart very Very easy read today. Just get short at forty nine ninety two or just about five thousand All right, so let's go back to hero All right, so that's the setup that I wanted to point out again When I'm trading I'm looking at multiple screens So I have hero on one screen and book map on another and then my trading platform on another screen So I don't have to jump back and forth between these screens But again just to summarize this short setup call buyers Turn into call sellers take their foot off the gas Start buying puts orange line blue line moving in the same direction very powerful directional indicator and then price moves lower Now it looks like the call buyers Have come back in Starting just afternoon and not doing much with puts Let's go back to iceberg ESH for CME cell 300. Let's go take a look at that I have the iceberg alerts turned on Did anybody hear that? Let's go back to the total signal. All right, so pretty choppy Actually, let's go back to puts and calls. So today they are buying calls. There are so buying puts that shown by the positive notion of value and the rising orange line All right, Stephen and Caesar said yeah, so I have turned on the my iceberg alerts that's pretty helpful and To me may be a little less intrusive than the constant Constant market pulse volume pressure All right, let's go back the total signal. So mixed picture here today. They're buying calls and buying puts and Net for the day. It's pretty neutral almost that's minus 1600 million 16 million Very neutral for the SB 500 it looks like now Hero has shifted lower again Let's move on to Nasdaq Pretty choppy signal here for Nasdaq and the one that I want to focus on is the the short at 1030 as well Pretty clear signal here with Nasdaq Sharp drop. This is a combined signal for NDX and QQ Q All right, so let's go take a look at Nasdaq now And I know what we'll take a look at the mag 7 signal in just a minute that it was a little bit slower today Often it's a leading indicator and today it was a little bit slower So this goes to Nasdaq So we know around 1030 Traders started taking negative delta positioned in NDX and QQ Q early uptrend. It's wrong tool early uptrend trend break Aggressive sellers shown by the magenta dots come in right around 432 Note in the sub chart CVD shifts lower that's the dark blue line and Also cell stop orders fuel the move lower that shown by the following yellow line also the on-chart indicator Cell stop orders fueling that move lower down to finally right around 17700 the NDX 625 level and QQ Q 429 that cluster of levels Then this lower weekly expect to move and VWAP acting as resistance As well All right, so nice short set up in Nasdaq as well again, remember My thesis was bearish for the day for both the SB 500 and Nasdaq Based on the shifts lower in the spy levels and the NDX and QQ Q levels In Floyd's garage. Hello. Welcome. Glad you're here Ask if over the volatility trigger is bullish. Yeah, I think spot gamma does consider That more of a bullish Signal or and or indication when an index is trading above its volatility trigger I don't I'm not sure that's always the case, but that is You know, that's their their thoughts or let's take a look at some stocks and Then we'll get back to the live market get to the live market. So just to point out so this Hero makes a lower high This is just after 1030 Here's the mag 7 signal So what this is showing is a combined signal for the stocks known as the Magnificent 7 Apple Amazon Google Meta Microsoft and video Tesla So it takes just a little bit Longer Maybe about the same time just after 1030, but it was making equal highs Then started moving lower as traders started taking negative delta positions in the mag 7 stocks And so far that continues today So that's confirming what What the Nasdaq signal was showing? weakness And the move lower right around 1030 1035 Let's take a look at some stocks and then we'll get to the live market All right, the first stock. I want to take a look at his AMD shift to puts and calls Traders buying the dip at AMD Rising orange line indicate straighters of buying calls Know the flow alert just a minute or two after the cash open giving you a good signal To pay attention to AMD Call buyers definitely driving price in AMD today Very typical pattern aggressive call buyers first thing in the morning take the foot off the gas price consolidates and now Starting around 1120 they've started buying calls again now price moving higher Call buyers and sellers definitely deriving price action in AMD. Let's take a look at book map. Here's the opening print in AMD Call buyers come in immediately price moves higher take the foot off the gas Start selling calls price moves lower start buying calls again price moves higher. Let's go back to hero Right the next stock. I want to take a look at is meta. All right call buyers also driving meta here a little bit different chart here, but Early morning pretty similar. This is very typical of meta Aggressive call buyers come in in the morning another flow alert to get your attention Price moves higher call buyers take the foot off the gas Now in this case it looks like some aggressive sellers came in call buyers remained Somewhat neutral here so aggressive call buyers in the morning and they're not selling calls Not doing much with puts note the notional value here for calls positive 183 million and for puts minus 5 million So they are buying puts but call buyers much more aggressive. Let's go take a look at book map Go to meta. Sorry about that Let's zoom in here. All right. Here's the opening print for meta So this initial move up was right before the cash open a little bit of chop call buyers come in Price moves higher Know more magenta volume dots coming in So the call buyers Are holding on to their calls. They're not selling then aggressive sellers start to come in that's shown by the all these magenta volume dots and Price moves lower as call buyers have taken their foot off the gas So by using spot gamma and Book map here we can determine what is driving price aggressive buyers and sellers call buyers Sellers put buyers and sellers So in this case in the morning it was call buyers They took the foot off the gas didn't sell calls, but the aggressive sellers started to move meta lower Let's go back to hero And the last stock I want to take a look at is Nvidia same pattern aggressive call buyers in the morning Take the foot off the gas in this case They're started selling calls price moves lower Another flow alert just a minute or two after cash open So we know that call buyers and sellers called traders trading calls We're definitely driving price and Nvidia today. Let's go take a look at Nvidia opening print call buyers drive Nvidia higher Take the foot off the gas start selling calls price moves lower Let's go back to hero Note the time here 1030 Hero makes a lower high the call signal they start selling calls Start buying puts price moves lower NASDAQ moves lower Let's compare this signal with the mag 7 signal very similar Nvidia drives mag 7 drives NASDAQ. All right, so mag 7 signal again very similar Lower high Traders start selling calls start buying puts mag 7 and Nvidia and NQ all move lower All right. Does anyone have any other stocks? They want me to take a look at all right. Let's get back to the Let's take a look at the SP 500 first I'm gonna go back to the total signal So the hero signal is rising Starting just after Like like around 1205 something like that hero signal rising. Let's go to book map Back to ES Summon on this a bit another sell iceberg waters waiting in the order book and One the man Asked do you keep track of and trade all those instruments? I He have trouble keeping just keeping track of SB X I primarily focus on trading the SB 500. So that's that's just me. I know other people will trade I guess have the ability to multi-task and trade various instruments. I Want to show a Wide variety of things for People who may be interested in trading Stocks rather than options so I Again, my focus is primarily on the SB 500 But I know that there are other people watching people watching who like to trade other instruments So I'm covering those as well And plus the stocks that I covered the mag 7 are key drivers of price for the SB 500 and NASDAQ 100 Floyd's garage ask am I looking at the blue lines for iceberg waters? All right, so let's talk about the iceberg waters I Have Iceberg waters. This is part of the MBO bundle. This is an add-on That is included that that's an additional purchase. It's available on the book map marketplace It requires rhythmic data And see me future so see me Supplies this data rhythmic data is the only one who provides it Book map takes that data and has created these stops and iceberg Indicators there are two versions. There's the on-chart indicator and the sub chart indicators and I have both So with the blue line light blue line in the sub chart That's what I'm showing with iceberg orders for iceberg orders, and I have that in some mode So I'm showing the cumulative Iceberg orders. This is for the For the day since I opened up book map around 640 Something like that this morning. All right, so that's the Subchart indicator. This is the on-chart indicator These icons right here. They're shown a magenta This horizontal line indicates That this iceberg water was not completely filled. So it is still there Waiting to be filled So Floyd's garage. I'm looking at both the the on-chart indicator and the sub chart indicator again on chart indicator And sub chart indicator. They are different colors So I'm waiting to see what happens at this At this line up here See if the aggressive buyers are met by This iceberg order see what happens Let's take a quick look and see what options traders are doing X7 Not doing much with mag7 The hero line for the SB 500 is rising Traders taking positive Delta positions now and note the there have been some buy iceberg orders I'm showing buy iceberg orders below price With this darker blue icon note all the Green volume dots Aggressive buyers coming in so a stop run and aggressive sellers on the way down stop run aggressive buyers come in buy iceberg orders Price moving up to the waiting sell iceberg orders So not very large size here, but that was Those orders were executed You can see that line terminates 100 contracts executed 202 Buy stop orders Let's go back and check on hero Hero continues to rise Traders taking positive Delta positions Stop run and aggressive buyers up through the Up through the waiting sell iceberg orders not large size And the next level is up to look for a reaction 497 spy 497 and ES 5000 Zoom out get a little bit of a bigger picture So so far CVD continues to rise a lot of green volume dots there So I'm looking for price to move on up to These levels here and then looking for a reaction at those levels Let's do a quick check of hero Hero continues to rise Traders continue to take positive Delta positions. Let's do a quick check on Zero DTE Looks like zero TTE trades making up about a third of the total notional value today, but traders are taking positive Delta positions and Options that expire today. That's just the for the SP 500 has options that expire every day so Next expiry for the SP 500 is options that expire today the zero DTE Let's turn that off go back to book map And the ES continues to grind up to toward the 40 497 and 5000 level CVD continues to grind higher and more More buy-stop orders coming in so again, I'm looking for Price to continue to move up closer to 497 and looking for a reaction at that level And we'll watch this for just another minute or two Let's do a quick check on Nasdaq Nasdaq also moving higher Another check of hero Still continues to move higher So right now traders are buying calls and selling puts Orange line a blue line both rising One last check of hero and then I'm going to go ahead and wrap it up Now it looks like a hero signal. Maybe turning lower Maybe a pullback or Or a versatile Alright, I'm going to go ahead and wrap it up We'll see what happens Later on Oh one ask the stock screener below the heroes chart shows a hero signal from yellow to green Asking if I use that let's take a quick look at that Alright, so I assume this is what you're talking about Right here this hero signal and what this is showing is It's a rank of the hero signal the Entire length of the range is showing that the strength of the hero signal in the last 30 days And then the colored portion showing the last five days And I used to use this I don't I don't use it so much anymore But if you're looking for something to trade That is a good approach If you have a watch list or the entire signal so you can see the signal for ndx For example, I'm ranking from weakest to strongest Is the weakest that it's been in the last 30 days in the last five days? And then for Tesla It's the strongest strongest that it has been In the last Last 30 days in the last five days Let's just take a quick look at Tesla Alright, so Tesla bullish today Strong hero signal. Let's go back to the sp500 and let's go back to book map Alright, so that was just a little pullback Aggressive buyers coming in so again, I'm looking for A move on up to 497 and 5000 Alright, my time is up. I'm going to go ahead and wrap it up. I want to thank everyone for watching Thank you very much for your questions or comments Remember tomorrow retail sales and then Friday PPI and options expiration. We'll talk more about the options expiration tomorrow Alright everyone. Thank you very much. Have a great afternoon and I will see you tomorrow. Bye