Futures have pressed higher to 4050. As this level is above our 4005 SPX Call Wall, we consider the market overbought. We see no significant resistance lines above until 4100. Support lies at 4005-4000 band followed by 3950. As futures are back above 4000 our models...

Futures are flat overnight to 3970 after yesterdays big rally. Resistance remains at the 4000-4020 (SPY 402 Call Wall) area, which also contains the 4005 SPX Call Wall. Support is from 3960(SPY395) to 3950, followed by 3910 (SPY390). Powell speaks this morning at 9AM,...

Futures probed lower to 3885 overnight, but have recovered to 3915. Resistance shows in the 3950 – 3960 (SPY 415) range, then 4000. Initial support is at the 3900 Put Wall. The SPY Put Wall has shifted lower to 380 which we downgrades the support strength we’ve seen...

Futures have recovered from Friday’s losses, trading near 3955. Heavy resistance holds at 4000-4010(SPY400). 3960(SPY395) – 3950 is a pivot level, with 3910 (SPY390) – 3900 support. We continue to mention large SPY levels as many of them are >= equivalent SPX...

Futures have been quiet overnight, holding 3665. All eyes are on the 8:30AM ET jobs report. We show resistance at 4000-4010 (SPY 410). Support shows at 3960 (SPY395) – 3950, then 3910 (SPY390) – 3900). 400SPY/4000SPX is still the dominant strike on the board, and...

Futures have pushed lower to 3930. Support is at 3900 (Put Wall) with resistance at 3951 then 4000. The Put Wall is the bottom of our trading range, and a break below that level signals the market is oversold – until/unless the Put Wallrolls lower. The key flow from...

Futures are at 3990, with a 4117/3980 range overnight. Resistance remains at 4000-4010 (SPY 400), then 4050. Support lies at 3960 (SPY 395) – 3950. Elevated volatility is certainly the key feature of current markets. It appears from our open interest data that traders...

Futures are higher to 4060. A resistance band sits above at 4090 (Vol Trigger), 4100 & 4010 (SPY 410). Support shows at 4051 then 4010. Markets held a fairly tight range as markets digested the recent decline. IV came in a bit, as one would anticipate given the...

Futures are near 4025 after an overnight range of 4006 to 4040. 4010 (SPY410) to 4000 is the major, structural support level in play for today. Light resistance rests at 4050 & 4075. Major resistance is at 4100 (Vol Trigger). 300 is the key downside level in the...

Futures are up slightly to 4190. Data is again little changed for today, with primary resistance at 4204, then 4250. Support shows at 4160 (SPY 415) – 4150, then 4110 (SPY 410). While the last few sessions have been rather quiet, things should certainly get more...

Futures have slid higher to 4160. Resistance is at 4200, with a pivot area at 4160 (SPY 415) to 4150. Support lies down at 4110 (SPY 410). Our S.G. volatility forecast remains fairly tight with a 1% max move (open/close). Futures did have a sharp 2AM ET pop to 4185,...