Futures have pulled back to 4140. We anticipate ranges and price action in line with that of the last few sessions. 4100 is major support, with 4150-4160 primary resistance. The 4200 Call Wall is our max overhead level into Friday. The volatility reduction out of...

Futures are sitting on the key 4100 level. We look for volatility similar to that of yesterday, with support at 4100 then 4063. Resistance is at 4150-4160(SPY415). For the past several sessions we were highlighting this theme of options traders playing negative deltas...

Futures are up sharply to 4150. We look for a max move of 1.07% today, which lines up with big resistance at 4200 and large support at 4100. The key level inside of that range is 4150-4160(SPY 415). We see little reason for the S&P to move out of the 4100-4200...

Futures are consolidating yesterdays gains, trading back to 4148. Volatility estimates continue to trend lower as the S&P oscillates in the 4100-4200 zone. Resistance remains at 4200, with support at 4155 (SPY4150), 4127 then a major level at 4100. As this is the...

Futures have edged higher to 4120. Our models suggest similar volatility to yesterday, with an SG implied S&P move of 1.13% and VIX implied S&P move of 1.6%. 4100 remains a main support level, and key to containing volatility. To the upside we note 4150-4160...

Futures are trading at 4130 after a quiet overnight session. For today we see support at 4100, with resistance at 4160 (SPY 415) then 4200 (Call Wall). Calls continue to fill into the 4150-4250 which adds to overhead resistance, and a reduction in volatility. There is...

Futures have pulled back to 4128, down from yesterdays highs of 4202. The shift over 4100 has brought a reduction to volatility estimates, with the SG Implied move now at 1.07% (from ~1.2% the last several sessions). We look for resistance at 4135 (Vol Trigger) then...

Futures are holding near yesterdays close of 4070. With yesterdays push higher in markets, volatility estimates tick slightly lower: SG Implied move: 1.15%, VIX implied move: 1.72%. Resistance is in the 4100 – 4115(SPY 410 equivalent) area. Support shows at 4065 (Vol...

Futures are up slightly to 3985. S&P500 volatility estimates remain in line with the last several days: SG Implied move 1.23%, VIX implied move 1.8%. Resistance is in the 4000-4015(SPY400 equivalent) area, with support at 3960 (SPY 395) followed by 3900. We...

Futures were flat overnight, trading at 3940. Volatility estimates are again high, with the SG Implied Move at 1.2% (open/close SPX move), and VIX showing 1.85% implied SPX move. Resistance is at 4000 with support at 3800 then 3877. Note that as we push toward the...

Futures have reversed gains from yesterday, with ES trading at 3930. For today we see resistance in the 4115(SPY 400 equivalent) – 4000 area. Support shows at 3900, and through that level we see 3960 (SPY 385). The pullback in futures is according to our OPEX plan,...

Futures are trading at 3925 off of overnight highs of 3955. Due to expiration our SG implied move shifts higher to 1.3% (open/close) while the VIX prices in a 1.85% move for the S&P500. 4000 is resistance, with support at 3900. Below 3900 we see 3875 support then...