Today Market 1 - Order Book

Today, after analyzing various data, it’s still a day with no clear direction at this price level.. Today, the US stock market is only open for half a session.. Let’s just have a peaceful Christmas Eve, shall we?

First, look at the order book..
From the pending orders, currently most of the spot orders are placed at the key integer levels below 86k and above 89k.. Not much reference value..

There is a gap in the order book around the current price up to 89k..

If there is a wave of buying pressure upwards, this zone is relatively easier to break through..

However, resistance above 89k remains strong, which is jointly determined by the pending orders and the GEX (Gamma Exposure) that I will discuss later..

Between 85k and 86k, it seems there are orders, but before the huge options expiration on the 26th, it remains a very risky zone, which I will explain later..

So, from the order book perspective, the resistance up to 89k is relatively lower.. But moving upward requires buy orders to cooperate; without buy orders, resistance is meaningless.. And in recent days, the buy orders don’t look very promising, more details in the next section..