Futures are flat at 3830 as traders await the 8:30 AM ET Nonfarms print. This data release should drive some early volatility, with options traders pricing an ~1.5% SPX move on the day. There were a few small changes to SG levels, namely the shift down in both SPY/SPX...

Futures are up slightly to 3878. This morning the market contends with 8:30AM ET jobless claims, followed by Nonfarms tomorrow AM. Key SG levels remain unchanged, with major resistance holding at 390 SPY (3910 SPX). The pivot area holds in the 3945-3955 area (Vol...

Futures are up 20 handles, to 3880. With Fridays expiration, the S&P should move away from the 3835 area pin that dominated into year end. 3900 SPX to 3913 (SPY 390 Call Wall) is first resistance overhead, with no second resistance line until 4000 (SPX Call Wall)....

Futures have consolidated to 3850, which implies an SPX open near the JPM collar call strike of 3835. We see resistance today at 3850, 3868, then 3900. Support shows at 3800, then 3765 (SPY Put Wall). As we detailed in yesterdays AM note, there are likely some...

Futures are up slightly to 3820, suggesting an SPX open near 3800. The SPX Put Wall has rolled lower to 3700, with the SPY Put Wall remaining at 375. We therefore shift our major support line down to 375 SPY (3765SPX). 3800 Now becomes the pivot line, and 3835 is...

Futures, and key SG levels, are unchanged. Support remains at 3835, then 3800. Resistance is at 3850, then 3900. We continue to look for mean reversion on moves away from the 3835, and this should continue in through Thursday. We see little reason to shift from our...

Futures are modestly higher to 3892 as we enter the final week of trading in 2022. SG levels are little changed from last week, with major resistance at 3900. Support below shows at 3850, 3835 then 3800. We remain of the opinion that the S&P holds the 3800-3900...

Futures are up slightly to 3960. Key SG levels are again unchanged, with resistance at 3850, then 3900. Support shows at 3835, then 3800. Breaking 3775(SPY375 Put Wall) continues to mark the point at which “the bounce is gone”. Core PCE & Durable Goods data are...

­Futures are off slightly to 3900. Key levels, and IV dynamics, remain unchanged. Resistance remains at 388SPY/3880SPX, then larger resistance at 3900. Support shows at 3850, then 3835. We anticipate 3900 resistance holding, as we believe the combination of traders...

Futures are modestly higher to 3871. Key SG levels remain largely unchanged, with 3835 being the key pivot strikes. Critical support remains at the 3800 Put Wall strike. Resistance above is at 3875 (SPY 380), then 3900. This morning is VIX expiration, however we do...

Futures are now back to last nights close near 3850, after overnight lows of 3803. The move was triggered by unexpected BOJ rate changes. While we have no view on BOJ impacts, we do think that surprise moves like these can be catalysts for volatility (i.e. movement in...