Structure + Gamma Levels:
Key Options Levels:
SPX TrendPhase:
Midterm Cumulative:
//Actionable Levels//
Resistance: 6035-40
Pivot: 5930
Support: 5918-10
Key takeways:
So prices are stopped from falling, so far. Midterm score looks rather solid although we have PMI today which can shake some things here.
Im a bit surprised that Gamma is still negative which makes market more volatile (its not directional signal).
I think its highly probable that we will visit pivot point today and I will probably start intraday trading from there.
Notes:
Yesterday’s HPI signals and other option metrics.
HPI Discord alerts are deployed, two bots also - these are in testing phase so bare that in mind. I need to rearange excel spreadsheets a bit, more on that this week. Last friday’s action below: