Pre-Open Commentary | Mar 21, 25

Condensed Insight Before the Bell.

Key Orderflow and Options Levels (ES Futures - June contract):

Options Levels (middle and right chart) show significant option prices for the session. Best practice is to look for confluence between levels on center and right chart. These levels should be +/- 5 points max away from each other.

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TrendPhase (SPX):

There are three types of signals on this chart, represented by small circles. Circles below price are bullish signals, above price are bearish signals.

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Midterm Cumulative:

This section is undergoing some redo and simplification.

//Midterm Metrics//
Macro/Positioning: 0
OptionsTrendPhase: 1
Auction/Orderflow: -1
Alerts: 1

Current Macro/Positioning strategy (zoomed for last few months) - I will update this chart once a week or when new signal arrives

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Key takeways:

Confluence on options levels at: 5823-27, 5653-50

Finally we have some structure we can hang onto on orderflow, although we already bounced of pivot and support area. We still have upper values in 5750 area though.

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Notes:

Recap of yesterday’s HPI and other options metrics + Orderflow Structure.

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Yesterday’s orderflow and options structure.

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