Futures are up slightly to 4000 head of Powell’s second day of testimony (10AM ET). Despite yesterdays weakness, key SG levels are unchanged, with 4000 as the major pivot. Support below shows at 3974, then 3950. Resistance above remains at 4010 (SPY 400), then 4050....

Futures were quiet overnight, holding 4060 ahead of Powell at 10AM ET. The band of resistance levels above remain above at 4050, 4060 (SPY 405), 4070 (SPY 408 Call Wall), then 4100. Major support lies below at 4000. Our expectations out of Powell this morning remain...

Futures are flat to Fridays close, near 4050. There is a band of resistance levels above at 4050, 4060(SPY 405), 4070 (SPY 408), then 4100. Support below shows at 4015 (SPY 400), then 4000. We anticipate relatively low volatility today (<1% move). While Fridays...

Futures have jumped higher to 4000, which is major resistance. Resistance above is at 4015 (SPY 400), then 4030 (SPY 402 Call Wall). Support below lies at 3975, then 3950. We favor 0DTE flow to come in and lock down price with 1% of 4000 for today. Yesterdays probe...

MAR 02 2023 Founder’s Note for: 2023-03-02 06:16 AM EST Macro Theme: Key Levels: > Major Resistance: $4,100 > Pivot Level: $4,050 > Critical Support: $4,000 (SPX Large Gamma) > Key Dates: 3/17 OPEX > Major risk lies on a break of 3900, as dealers may...

Futures have recovered back to the 3990 area, from overnight lows near 3950. Key SG levels are again unchanged, with 4000-4015 serving as the first resistance/ long term pivot point. Resistance above 4015 lies at 4050. Support below sits at 3957 & 3950. While the...

Futures are up reverted back to 4000 from overnight lows of 3972. Key SG levels were unchanged overnight, with 4000-4015 (400 SPY) as the pivot area, and initial overhead resistance. Resistance above this line is 4050, with support at 3974, then 3950. It’s important...

Futures have pressed higher to 4000. 4000 remains an important market long term pivot point, and first resistance for today. Above that we mark 4015 (SPY400) then 4050. To the downside we see support at 3950. Fridays price action confirmed a key theme that markets can...

Futures are holding steady at 4010, which implies the SPX is set to open at the very large 4000 gamma strike. Key SG levels are largely unchanged, with 4000 now as our pivot and 4050 overhead resistance. Key levels below are 3950, then 3900. Our eyes continue to be on...

Futures have broken lower, to 4070. We note several downside support levels just under current prices at 4060 (SPY 405) and the 4050 SPX Put Wall. Beneath there the next major level is long term 4000 support. Above we mark 4100-4110(SPY410) as resistance, followed by...

Futures were quiet overnight, holding near 4160. Key SG levels reflected moderately bullish positioning, with the SPX Call Wall flipping back up to 4200. 4200 is our max high for today and into tomorrow. 4150-4160(SPY 415) is the pivot area, with 4110(SPY 410) – 4100...