Dealer Mind
I don't think dealers are preparing for a trend move today.
They're trying to pin the market around 23650 (Max Pain) into the close while keeping both call and put premium decaying.
The important clue is that put writers at 23650 and 23700 are still holding, while the footprint shows selling pressure fading rather than expanding. That favors a late-session balance unless 23635 is accepted below.
CLBS V18 Final Read
- 🟡 Bias: Neutral to mildly bearish
- 🧲 Dealer Magnet: 23650
- 🛡 Support: 23635 → 23620
- 🚧 Resistance: 23660 → 23690
- ⚡ Breakout trigger: Above 23660
- ⚠ Breakdown trigger: Below 23635
If the market closes around 23650, tomorrow's opening auction is likely to determine whether dealers force a move toward 23700–23750 or release price into the 23600 region. The opening inventory and overnight OI changes will be the deciding factors.
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