Pre-Open Commentary | Mar 5, 25

Condensed Insight Before the Bell.

Structure + Gamma Levels:

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Key Options Levels:

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SPX TrendPhase:

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Midterm Cumulative:

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//Actionable Levels//
Resistance: 6004   
Pivot: 5873 
Support: 5703

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Key takeways:

Lot of signals that the market is bottoming, its not like a picture perfect yet as auction/orderflow is still bearish (might change today but we would have to have strong close), macro/positioning worsened yesterday.

We also had one more extreme flow read yesterday (bullish).

Nothing changed in my own positioning (midterm) athough im not happy with my average price so far.

HPI still compressed, GEX still negative. My intraday strategy stay the same, wait for the pivot and start from there or at auctionable zones.

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Notes:

Yesterday’s HPI signals and other option metrics.

First time since inception there was no signals, nothing. HPI stays compressed.

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