Pre-Open Commentary | Mar 6, 25
Condensed Insight Before the Bell.
Structure + Gamma Levels:
Key Options Levels:
SPX TrendPhase:
Midterm Cumulative:
//Actionable Levels//
Resistance: 5970
Pivot: 5820.75
Support: 5660Key takeways:
Price already broke pivot and now its time to get back to it and see if bears can attack one more time - that is usual situation when pivot is broken. So basically this is the session to trade around pivot, although best rr/prob trade already happened when prices broke down pivot for 10 points (5 is fine to confirm pivot break), got back above pivot for around 7 points (5827) and you short it there - that is one of the strongest setups for the pivot break, with target at least new mins.
Notes:
Yesterday’s HPI signals and other option metrics.
Finally some movement and signals in HPI yesterday. With GEX still negative HPI(b) bot got caught on the wrong side, its probable that this one might be better to be used in positive GEX environment.
