Futures are flat, near 4110. 4100 starts as overhead resistance for today - a level which has grown in size as traders added +20k calls and +10k puts to this strike. SPY 412 (SPX 4130) is resistance above that level, followed by 4150. There was very heavy vol ume at...
Futures were flat overnight, holding 4125. 4100 - 4110 (SPY 410) is the pivot level, with resistance above at 4141, then 4150. Support is at the 4055 area which is a meeting of: Vol Trigger, SPY 405 & SPX Large Gamma 4050 SPX. We now see some fairly large gamma...
Futures are up to 4160. This places the 4150 SPX Call Wall above as first resistance, with resistance above there at the 420/4200 SPY Call Wall. Support below shows at 4125, then 4100. In line with last nights note, this is now the 5th session in a row wherein the SPY...
S&P futures are flat at 4133, with NQ futures off 65 bps to 13,214. The S&P Call Walls have rolled higher, to SPY 410 (4115), and 4150 SPX. These are the key overhead resistance levels for today. To the downside we mark support at 4050. With Friday's move...
S&P futures are flat at 4133, with NQ futures off 65 bps to 13,214. The S&P Call Wall s have rolled higher, to SPY 410 (4115), and 4150 SPX. These are the key overhead resistance levels for today. To the downside we mark support at 4050. With Friday's...
Futures are modestly higher to 4080. This morning we see the SPY Call Wall roll higher to 407 (SPX 4080 equivalent), while the SPX Call Wall holds at 4065. This implies the max resistance is now 4065-4080 for today, vs 4050-4065 yesterday. Other key SG levels remain...
Futures are higher this morning, to 4070. This places the market up near our final resistance line of the 4065 Call Wall, which is just above other resistance lines at 4050 & 4060 (SPY 405 Call Wall). To the downside key resistance lies at 4010 (SPY 400) &...
Futures have pressed higher to 4035, indicating a cash open on the large 4000 strike. 4000 – 4010 remains the key resistance line for today, with 4031 above that. To the downside the key range is 3960 (SPY 395) – 3950. Yesterday was simply churning inside of the big...
Futures were flat overnight, holding 4000. SG levels remain unchanged, with 4000-4010(SPY400) serving as primary resistance. First support shows in the 3960(SPY395) – 3950 range, with more critical support at 3900. We do continue see a close over 4000 as bullish, as...
Futures are higher to 4022. Despite the large price range on Friday there was little change to open interest, or implied volatility, which leaves key SG levels unchanged. Resistance for today is at 4000 – 4010 (SPY 400). Support lies at 3950-3060(SPY395). We continue...
Futures were flat overnight. Key SG levels are unchanged, with 3950 as the pivot, and 4000 as strong overhead resistance. To the downside we mark 3917, and 3900 as support. There were heavy volumes at the key relevant strikes yesterday: +100k calls @ 4000, +100k puts...
Futures are higher to 3989. 4000 is primary resistance today, as it is the largest SPX gamma strike. We also note large gamma at 3985, and 3962. To the downside, 390 SPY (3010 SPX) is the largest SPY gamma strike, and primary support. With that, 3950 is the pivot...