Pre-Open Commentary | Mar 10, 25

Condensed Insight Before the Bell.

Mar 10, 2025

Key Options Levels:

SPX TrendPhase:

Midterm Cumulative:

//Actionable Levels//
Resistance: 5952   
Pivot: 5758 
Support: 5705

Key takeways:

The key question is obviously is market ready to bottom. I called bottoming few sessions back, market still slided a bit more but in a congestion fashion rather than heavy decline. Still, the question remains, is this right time to get long?

There are always multiple answers based on the risk one is willing to take. Obviously those who get on board first and are right will be paid the most, but as you should well know, timing exact day and price is almost impossible.

I took the agressive side and started to build long position on options and cfd, clearly I was too early. How “too early” that we shall see.

So why it was agressive, well firstly it was traded against auction/orderflow - which is still bearish. But this lags many times so its not like breaking rules. Its just you have to be ready to take some heat, don’t bet all you have if you’re agressive.

If you have a conviction that there are not enough arguments to be short and are looking to get long, but you don’t want to be a cowboy and simply wait for price/auction to confirm it (go with the flow) then wait for it. From my perspective I belive that if market prints 5895 it will mean bears lost control - at this moment. So still over 100 points higher.

In other news, interestingly GEX is a little more on the bullish side today - as of now at least.

Prices already bounced from pivot, and support for that matter. Intraday longs for me if we can greak above pivot, and start from there.