✍️ SP500 Notes
The move on the $SPY ( ▲ 1.47% ) today was needed but we have core PPI tomorrow, retail sales and some other data just after that tomorrow that are coming out but my concern here with this membership is price-action so we’re sticking to that.
Dan talked about some key levels in the SP500 futures in the report Sunday and since it’s free for the last two issues of the year I am sharing it with you all here because we’re basically at the area he talked about at $6750s so that is the spot to test tomorrow and this weekly candle looks great so far.
Usually, when you get to a ‘major’ level the first test is never the real break through so I expect we do test that and find a little selling there tomorrow but as long as we hold $6700-$6710s tomorrow then we have the leg up and a bull move to end the month.
One of my best ideas yesterday that I shared with readers had some call flows come in today that I want to update you all on so I am going to cover that quickly because this is triggering the breakout.
Then the other idea I shared with my Crypto move pushed higher REALLY well today and there was some serious cash there made which was nice for a change given the last few weeks and there’s a quick update on that well.
It’s a short week so I don’t want to focus on too much more other than these two ideas we started the week with so let’s dive into those.
- Weekly Best Options Ideas
- Options Flows & Price Action Insights
- Real P&L & Market Recaps