Guys, before longing $PROM , read this post first! ❗❗
A lot of people are posting that $PROM will go to $10 and telling others to long it, but honestly, they don’t even know what they’re talking about...
Look at the 3D chart. PROM is tapping into a very large Fair Value Gap (FVG). It has already tapped almost 50% of the FVG and is now showing rejection. Based on my analysis, It's going to dump from here. I'm going short from here.... 👀
My TP is $1.80 and SL is $5.00.
$PROM
{future}(PROMUS...
SPX flip sits at 7,676. Close was 7,677. One point separating regimes.
Fourth flip in five sessions: +$127M, -$21M, +$236M. Now the boundary is directly under spot. A single tick changes the sign.
Positioning is surgical. Every loaded put strike sits below spot at 7,630–7,660. Every loaded call strike sits above at 7,680–7,720. Nothing straddles.
Vol put/call reads 1.61 — more puts than calls overall. But the calls above are concentrated and heavy: 7,700 at +$87M, 7,690 at +$60M, 7,680 at +$6...