Macro Theme: Key dates ahead: 9/27 Core PCE 8:30AM 9/30 Quarter End OPEX TLDR: We continue to maintain long positions >5,700, and would flip to neutral if the SPX goes <5,700. We expect more chop today, with eyes remaining on time & price: 5,750 &...
Macro Theme: Short Term SPX Resistance: 5,320 (SPY 530) Short Term SPX Support: 5,265 SPX Risk Pivot Level: 5,265 Major SPX Range High/Resistance: 5,320 (SPY 530) Major SPX Range Low/Support: 5,000 For the week of 5/13 we see several catalysts, which should...
Macro Theme: Short Term SPX Resistance: 5,100 Short Term SPX Support: 5,000 SPX Risk Pivot Level: 5,000 Major SPX Range High/Resistance: 5,100 Major SPX Range Low/Support: 4,800 ‣ 5,100-5,116 (SPY 510) is the likely high into next weeks 5/1 FOMC. We...
Macro Theme: Short Term SPX Resistance: 4,900 Short Term SPX Support: 4,850 SPX Risk Pivot Level: 4,800 Major SPX Range High/Resistance: 5,000 Call Wall Major SPX Range Low/Support: 4,800 ‣ We look for a sharp directional move post-FOMC & into 2/16...
Macro Theme: Short Term Resistance: 4,400 Short Term Support: 4,240 Risk Pivot Level: 4,325 Major Range High/Resistance: 4,400 Major Range Low/Support: 4,200 ‣ We target a market move <4,300 by 9/29, and would be stopped out on this view with a close...
Futures have contracted back to the 4000 level. Critical support below lies at the 3950 Put Wall, and a break of that level suggests a rapid test of the 3900 level. Resistance above remains at 4020, followed by 4050. The 4000-4010 (SPY400) area remains the large...
Daily Note: Futures are higher to 4015. SG levels are unchanged, with 4000 holding as the major pivot level. Resistance above lies at 4010 (SPY 400) then 4050. Below 4000 we now see support at 3976, then 3950. Our view yesterday was that a break of the key 4000 level...