01 · Liquidity Liquidity shifts and orderbook pressure.
Bid depth, ask depth, hidden flow, and where market depth is building, thinning, or clustering.
02 · Volatility Volatility expansion and compression.
Realised volatility, implied volatility, and the phase transition between quiet and active regimes.
03 · Structure Market structure and trend context.
Trend integrity, range conditions, swing structure, and the broader regime each asset sits within.
04 · Positioning Funding, positioning, and crowding.
Where the market is leaning, where leverage is concentrated, and where the crowd is exposed.
05 · Risk Risk regime and invalidation conditions.
Stress signals, invalidation levels, and the conditions under which an active read no longer holds.
06 · Cross-Market Cross-market relationships and macro pressure.
How dollar, yields, energy, metals, and risk-assets are interacting and where pressure is propagating.