Context: The Setup SPX is sitting around 6010-15, with e-minis down ~23. I think yesterday was quite eventful: LOD: 6007 – 6000 held strong, proving to be a critical support level. HOD: 6049.75 – just shy of the 6050 round number, where resistance remains clear. A whale exited their 6000/6050 call spread (expiring today), triggering early weakness. Later, favorable moves in the 10YT yield gave the market a boost into the close. $SPX 0DTE Road Map Chop Zone: 6000-6050. Straightforward range, so don’t overthink it. Expected move ±25 points, with 6015 as the key reference level. Scenario 1: Inside the Chop Zone (6000-6050) At 6015: The pivotal level. If Over 6015/20: First target: 6030, the next reaction zone. Watch for acceptance or rejection. Above 6030: Next level is 6040, yesterday’s clos

Market can sometimes feel random, and I have found it useful to gauge the key levels of SPY using various means. One category I rely a lot on is the market-makers gamma and vanna exposure levels.  Here are some of the key levels I am watching out for today, and a rough trade plan for SPY. Hope it is useful for all ya guys! Leaning towards Bearish With a more negative cumulative GEX on the downside, we are expecting prices to have a slight tendency towards the slide.  521 will be a key pivot level.  If price moves below 520, we can expect a strong pull towards 518-519. Depending on how the 0DTE options develops, price is likely to gyrate between 517 - 521. I'll stick to these levels and trade from these GEX green bars.  If price moves past the support of 517, I'll shoot

Tdlr; I'm leaning towards Bullish > Bearish Bullish: Likely to range bound between 500 - 504, with intermediate pivot zone at 502.  -> 500 -> 502 -> 504 Bearish: Will target 497, if price breaks below 500.  -> 497 GEX levels for SPY - 5/2 expiration VEX levels for SPY - 5/2 These levels tend to change as the day progresses, so the best approach is to track the 0DTE GEX changes throughout the day to scalp. Will talk about this in a later article.  Trade safe, friends![Cool]  

With FOMC coming up, we are not seeing a lot of conviction in either directions! Here's a rough cheatsheet, and what u typically monitor for. In general, we are watching out for: - Positive GEX: "Price retardants"  - Negative GEX: "Price accelerants" - Positive VANNA: "Price magnets" - Negative VANNA: "Price repellants" So price levels with highly positive GEX and negative VANNA form zones of resistance/dupport.  GEX levels for SPY - exporation 1/5 Vanna levels for SPY - today's expiration Tdlr 505 - Massive resistance. I don't hold much hope that price will break above this level. But if it does, 505 -> 508 491 - If price trends down, there is a massive "ghost zone" all the way down to 491. So will watch for massive price drop down there.  495 - this will likely be the a