Macro Theme:     Key dates ahead: 9/20 Huge Quarterly OPEX Following FOMC, we see equities in a negative gamma stance, which implies upside volatility may remain. SPX 5,750 & IWM 230 are the major upside levels into 9/20 OPEX. Into Friday/Monday OPEX may...

Macro Theme:   Key dates ahead: 9/20 Huge Quarterly OPEX Following FOMC, we see equities in a negative gamma stance, which implies upside volatility may remain. SPX 5,750 & IWM 230 are the major upside levels into 9/20 OPEX. Into Friday/Monday OPEX may offer...

Macro Theme:   Key dates ahead: 9/18 FOMC/VIX Exp 9/20 Huge Quarterly OPEX 9/18 - 9/20 is a major inflection point for equities, due to VIX Exp & FOMC (9/18), followed by Triple-Witching-OPEX. Key SG levels for the SPX are: Support: 5,620, 5,600, 5,500...

Macro Theme:   Key dates ahead: 9/18 FOMC/VIX Exp 9/20 Huge Quarterly OPEX 9/18 - 9/20 is a major inflection point for equities, due to VIX Exp & FOMC (9/18), followed by Triple-Witching-OPEX. Key SG levels for the SPX are: Support: 5,620, 5,600 Resistance:...

Macro Theme:   Key dates ahead: 9/18 FOMC/VIX Exp 9/20 Huge Quarterly OPEX 9/18 - 9/20 is a major inflection point for equities, due to VIX Exp & FOMC (9/18), followed by Triple-Witching-OPEX. Key SG levels for the SPX are: Support: 5,600, 5,550 Resistance:...

Macro Theme:     Key dates ahead: 9/18 FOMC/VIX Exp 9/20 Huge Quarterly OPEX Key SG levels for the SPX are: Support: 5,550, 5,500 Resistance: 5,600, 5,624 As of 9/12/24: Models are risk-on >5,520, following a close above that level on 9/11 SPX prices...

Macro Theme:   Key dates ahead: 9/12 PPI 9/18 FOMC/VIX Exp 9/20 Huge Quarterly OPEX Key SG levels for the SPX are: Support: 5,510, 5,500, 5,400, 5,340 Resistance: 5,550, 5,560, 5,600 As of 9/12/24: Models are risk-on >5,520, following a close above that level...

Macro Theme:   Key dates ahead: 9/11 CPI 9/18 FOMC/VIX Exp 9/20 Huge Quarterly OPEX Key SG levels for the SPX are: Support: 5,400, 5,340 Resistance: 5,500, 5,520 As of 9/09/24: Models are now risk-neutral in the 5,400-5,500 range, due to the SPX testing 5,400 on...

Macro Theme:   Key dates ahead: 9/11 CPI 9/18 FOMC/VIX Exp 9/20 Huge Quarterly OPEX Key SG levels for the SPX are: Support: 5,400, 5,340 Resistance: 5,500, 5,520 As of 9/09/24: Models are now risk-neutral in the 5,400-5,500 range, due to the SPX testing 5,400 on...

Macro Theme:   Key dates ahead: 9/11 CPI 9/18 FOMC/VIX Exp 9/20 Huge Quarterly OPEX Key SG levels for the SPX are: Support: 5,400, 5,340 Resistance: 5,500, 5,520 As of 9/09/24: Models are now risk-neutral in the 5,400-5,500 range, due to the SPX testing 5,400 on...

Macro Theme:     Key dates ahead: 9/6 NFP 9/11 CPI 9/18 FOMC/VIX Exp 9/20 Huge Quarterly OPEX Key SG levels for the SPX are: Support: 5,450, 5,400 Resistance: 5,500, 5,545 As of 9/05/24: We are risk-neutral in the 5,500-5,600 range, returning to a long term...

Macro Theme:     Key dates ahead: 9/5 Jobless Claims/PMI 9/6 NFP 9/18 FOMC/VIX Exp 9/20 Huge Quarterly OPEX Key SG levels for the SPX are: Support: 5,500, 5,485, 5,400 Resistance: 5,565, 5,600 As of 9/05/24: We are risk-neutral in the 5,500-5,600 range,...