Futures are flat to 4150, but off of overnight lows of 4118. We see a fair amount of negative gamma in the SPX, but heavy negative gamma in SPY & QQQ. This infers that today will be another high volatility session, with both 4100 support & 4200 resistance in...
Volatility has resurfaced this morning, with futures sharply lower to 4180. This technically places markets back into a negative gamma stance across the S&P and QQQ. 4200 is the key resistance line above, followed by 4250. Support shows at 4160 (SPY 415), then...
Futures are giving some back this AM, down to 4245. Resistance is at 4260 (SPY 450) and 4300. Support shows at 4200. Our volatility estimate for today is only 0.85% which implies fairly tight trading ranges. While futures are down nearly 1%, there is little apparent...
Futures are up slightly to 4284. Our Call Wall has rolled higher for SPX (4400) but remains at 430 SPY and 335 QQQ. Resistance above sits at 4300 & 4325. Support is at 4260(SPY425) to 4250. Today also marks the lowest volatility estimate (0.99%) that our SG model...
Futures are have slipped lower to 4277, as our Call Wall(s) remain intact at 430/SPY 4300/SPX and 335/QQQ. Support below shows at 4260(SPY 425) – 4250, then 4200. Resistance above 4300 shows at 4327. VIX contracts expire today at 9AM EST. While we don’t anticipate an...
Futures are off slightly to 4290. Most critically for our data here is the Call Wall(s) which did not roll higher from 430/4300 for SPY/SPX nor 335 for QQQ. We view moves over the Call Wall level as overbought until/unless the Wall rolls higher. Resistance above 4300...
Futures have pulled back some to 4260. Resistance shows at 4300 to 4310 (SPY 430). Support is at 4260 (SPY 425) to 4250, then 4210. We see both 4300 & 4200 in play for today’s session, based on SG’s implied move of 1.16%. The S&P is up ~11% from July OPEX to...
Futures have recovered some to 4220. The Call Walls have now rolled to 430/4300 which is now the top of our trading range. That level is likely not in play for today, as our forecast is for a 1.06% max move (45 points). We do see resistance levels at 4225 and...
Futures are higher to 4220. As the Call Walls did not roll higher, we consider moves >4200 as overbought. We have two resistance levels above: 4226 & 4247. Support shows at 4210 (SPY 420) to 4200. Beneath there support is at 4150 (Vol Trigger). We were rather...
Futures are flat to 4164. Models continue to look for 1% daily moves. Resistance is marked at 4176 and 4200. Support shows in the 4160(SPY415) – 4150 range, then 4100. The market continues to grind up, but well within the confines of SG models. From a base level when...
Futures are off slightly to 4135. Resistance lies at 4145(Vol Trigger), 4160 (SPY 415) then 4200. Support shows at 4100. There were two key data shifts today: 1) Vol Trigger shifting to 4145. 2) SPY Call Wall shifting to 420 from 415 In regards to the SPY Call Wall...
Futures are up slightly to 4150. Resistance is at 4161 (SPY 415 Call Wall) and 4200 (Call Wall). Support shows at 4150 then 4100. While gamma is flat for SPX, it remains negative for SPY/QQQ which suggests market price swings will remain elevated (>1%). Options...