In Tae's corner, we share small snap shots of advice and wisdom from BigShort's founder, Tae, that he often shares in the Tutoring channel of our Discord community.
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Morning Market Activity: A significant amount of momentum buying (Momo) occurred in the morning but was faded by market makers. This led to a dip, during which Momo oversold, triggering a rally.
Market Sentiment: Despite the rally, Momo did not regain confidence and continued selling throughout the day, causing prices to rise further.
User Insights: BigShort users avoided shorting at the top of the range due to bullish signals, supported by Dark Pools (DPs) during the rally and breakout.
Market Flow Observations: Momoflow was significantly larger than Net Option Flow (NOF), which remained relatively flat and had minimal impact.
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