$SPX $ES_F $NQ_F Premarket
· US indices extending higher in premarket after yesterday's strong session with
$SPY at 0,54%,
$QQQ at 0,38% and
$IWM at 0,64%
· Futures green across the board with
$ES at 0,47% around 7433,
$NQ at 0,51% and
$CL down at -1,71%
· Vol complex unwinding :
$VIX at 18,84 back below 19,
$VVIX down to 100,63 after -6,96% and
$VXX at -1,34%
· Light macro day : Michigan sentiment with Inflation Expectations Prelim at 16:00 & Trump pre-taped interview at 17:00
$SPX Map
· Balance up at 7425 vs 7300 yesterday and spot 7430 glued to it after the overnight rejection at 7441
· Upside : 7450 first test then 7470. Crossing both opens 7490 which is also 0DTE straddle breakeven and ceiling of the day
· Downside : 7415 first test then 7365 deeper with structural balance at 7350. Rejecting test sends us back toward 7425
· Charm supportive in 7400 but inflection line slopes upward : index must keep climbing intraday to hold bullish bias especially into charm window
· Gamma is back positive : MMs long over $4.2B notional with full regime flip from yesterday. Moves should be dampened so balance day favored
· 0DTE Straddle at 59,45 cooling from yesterday's but still pricing wide range
Interpretations are mine | Data from
@VolSignals