Futures have recovered from yesterday, to 3705. Levels remain broadly unchanged for today, with resistance at 3700 then 3751. Support shows at 3652 then 3621. Today is a headline minefield, with US data out at 8:30AM but also various comments and speeches from central...
Informe Option Levels
Informe Option Levels
Futures are trading at 3685, down from overnight highs of 3717. Both the SPX & SPY Put Walls have moved lower ( to 3600 & 350), which is a bearish signal. We see support at 3651 then 3616. Resistance is at 3677 then 3700. The Put Wall shifting to 3600 aligns...
Informe Option Levels
Futures have broken lower to 3917. The SPX & SPY Put Walls have both shifted lower to 370/3700 which confirms this market decline (i.e. move is not oversold). Beneath there is a large level at 3648, however we would consider the market temporarily oversold at that...
Informe Option Levels
Futures are off of 3770 lows to 3815. The 3800 Put Wall remains a key support area, however we note the SPY Put Wall holds at 375 (~3770 SPX equivalent). Above 3800 we do not register and major options levels until 3900. Yields are understandably on the move today as...
Informe Option Levels
Futures are flat head of todays 2PM ET FOMC. Resistance shows at 3900 then 3920. Support shows at 3849 and 3814. The 4005 Call Wall is our major overhead target into end of week. On a larger time frame we highlight the 3580 area as a major downside level into end of...
Informe Option Levels
Futures are at 3900, down from overnight highs of 3930. 3900 is a key pivot level, with resistance showing at 3920 (SPY 390), then 3950. Support shows at 3853. We’re looking for a fairly quiet day in markets, but with positive drift. The drift comes from our view that...
Informe Option Levels
Futures have shifted lower to 3860. After OPEX the SPX Put Wall, and major support, has shifted down to 3800. Note the SPY Put Wall holds at 390 (3900 SPX). Resistance shows at 3900 then 3950. Unsurprisingly OPEX brought the closing and rolling of ITM to OTM puts...
Informe SG Levels
Futures have broken lower to 3885 ahead of today’s large OPEX. Support shows at 3860, then 3800. Resistance shows at 3900, then 3950. As the Put Wall did not roll lower from 3900, we view the market as oversold when <=3900. FedEx’s view of the macro landscape...
Informe SG Levels
Futures are flat overnight, holding 3950. Key Levels remain the same: 4000 resistance, 3960-3950 pivot, and support at 3927 then 3900. There is an 8:30AM ET jobs number which traders are likely keying off of this morning. We do not anticipate this being a major market...
Informe SG Levels
Futures are up slightly to 3950. Resistance is at 4000, with a pivot at 3950 and support at 3900. 4000 is the key level into Friday OPEX. We currently do not see the market poised to push under 3900. The speed and magnitude of yesterdays decline made complete sense to...
Informe SG Levels
Futures are higher to 4140 ahead of this mornings 8:30AM ET CPI report. Call Walls have rolled higher, leaving key overhead resistance at 4150 & 4181. Support lies at 4100. TL;DR for this week: 9/16 is now a call weighted exp as opposed to puts. Huge put positions...
Informe SG Levels
Futures are higher to 4105. We note resistance at 4110 (SPY 410 Call Wall) then 4150. Support shows at 4060 (SPY 405) to 4060. We look for volatility to contract today, with an estimated max move of 1%. ES futures are now up 5.5% from Wednesdays low into this morning....