Pre-Open Commentary | Feb 24, 25
Condensed Insight Before the Bell.
Structure + Gamma Levels:
Key Options Levels:
SPX TrendPhase:
Midterm Cumulative:
//Actionable Levels//
Resistance: 6180
Pivot: 6083.75
Support: 5990Key takeways:
In hindsight it was a mistake not to lighten midterm position on friday when score changed to 2 from 4 - thanks to bearish orderflow (-1). But, I didnt do that and so i’m still in a bit heavier position.
Same as on friday, I need price above pivot to engage in intraday long. Obviously strategies based on HPI are trading their own way and it is bullish so far in EU session as dealers pressure market to the upside at the moment.
Notes:
Yesterday’s HPI signals and other option metrics.
