[1/5] GEX/VEX making my head spin - Key Levels to watch for SPY

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 area to target if price leans towards the bears today.

Bullish: -> 505 -> 508

Bearish: -> 500 -> 495 -> 491

Overall leaning towards Bear > Bull

Trade safe, friends![Cool]

@TigerOptions @Daily_Discussion @CaptainTiger @MillionaireTiger @TigerPM

Rate Cut Delay: Will S&P Drop Below 5000?

Federal Reserve Chair Jerome Powell said firm inflation during the first quarter had introduced new uncertainty over when and whether the central bank would be able to lower interest rates later this year. ------------------ Will S&P 500 drop below 5000? Is a short term correction or the end of bull market?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

huuou
05-07
huuou
Thanks for sharing your analysis and stay safe!
Meet0
05-07
Meet0
🙌🏼 Keep watching those levels!

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In general, we are watching out for:</p>\n<p>- Positive GEX: \"Price retardants\"&nbsp;</p>\n<p>- Negative GEX: \"Price accelerants\"</p>\n<p>- Positive VANNA: \"Price magnets\"</p>\n<p>- Negative VANNA: \"Price repellants\"</p>\n<p>So price levels with highly positive GEX and negative VANNA form zones of resistance/dupport.&nbsp;</p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/728670abe0b6d9828ddf0f9f96b0fcfa\" tg-width=\"1285\" tg-height=\"500\"><span class=\"\">GEX levels for SPY - exporation 1/5</span></p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/bd10508f6b1a929b35671b3d0381f34f\" tg-width=\"1285\" tg-height=\"500\"><span class=\"\">Vanna levels for SPY - today's expiration</span></p>\n<h3>Tdlr</h3>\n<p>505 - Massive resistance. I don't hold much hope that price will break above this level. But if it does, 505 -&gt; 508</p>\n<p>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.&nbsp;</p>\n<p>495 - this will likely be the area to target if price leans towards the bears today.&nbsp;</p>\n<p>Bullish: -&gt; 505 -&gt; 508</p>\n<p>Bearish: -&gt; 500 -&gt; 495 -&gt; 491</p>\n<p>Overall leaning towards Bear &gt; Bull</p>\n<p>Trade safe, friends!<span>[Cool]&nbsp;</span>&nbsp;</p>\n<p><a href=\"https://ttm.financial/U/3572212908677301\">@TigerOptions</a> <a href=\"https://ttm.financial/U/3527667621665671\">@Daily_Discussion</a> <a href=\"https://ttm.financial/U/3527667618000160\">@CaptainTiger</a> <a href=\"https://ttm.financial/U/3527667618821228\">@MillionaireTiger</a> <a href=\"https://ttm.financial/U/3527667588142897\">@TigerPM</a>&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>With FOMC coming up, we are not seeing a lot of conviction in either directions!</p>\n<p>Here's a rough cheatsheet, and what u typically monitor for. In general, we are watching out for:</p>\n<p>- Positive GEX: \"Price retardants\"&nbsp;</p>\n<p>- Negative GEX: \"Price accelerants\"</p>\n<p>- Positive VANNA: \"Price magnets\"</p>\n<p>- Negative VANNA: \"Price repellants\"</p>\n<p>So price levels with highly positive GEX and negative VANNA form zones of resistance/dupport.&nbsp;</p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/728670abe0b6d9828ddf0f9f96b0fcfa\" tg-width=\"1285\" tg-height=\"500\"><span class=\"\">GEX levels for SPY - exporation 1/5</span></p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/bd10508f6b1a929b35671b3d0381f34f\" tg-width=\"1285\" tg-height=\"500\"><span class=\"\">Vanna levels for SPY - today's expiration</span></p>\n<h3>Tdlr</h3>\n<p>505 - Massive resistance. I don't hold much hope that price will break above this level. But if it does, 505 -&gt; 508</p>\n<p>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.&nbsp;</p>\n<p>495 - this will likely be the area to target if price leans towards the bears today.&nbsp;</p>\n<p>Bullish: -&gt; 505 -&gt; 508</p>\n<p>Bearish: -&gt; 500 -&gt; 495 -&gt; 491</p>\n<p>Overall leaning towards Bear &gt; Bull</p>\n<p>Trade safe, friends!<span>[Cool]&nbsp;</span>&nbsp;</p>\n<p><a href=\"https://ttm.financial/U/3572212908677301\">@TigerOptions</a> <a href=\"https://ttm.financial/U/3527667621665671\">@Daily_Discussion</a> <a href=\"https://ttm.financial/U/3527667618000160\">@CaptainTiger</a> <a href=\"https://ttm.financial/U/3527667618821228\">@MillionaireTiger</a> <a href=\"https://ttm.financial/U/3527667588142897\">@TigerPM</a>&nbsp;</p></body></html>","text":"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 area to target if price leans towards the bears today. Bullish: -> 505 -> 508 Bearish: -> 500 -> 495 -> 491 Overall leaning towards Bear > Bull Trade safe, friends![Cool] @TigerOptions @Daily_Discussion @CaptainTiger @MillionaireTiger @TigerPM","highlighted":1,"essential":1,"paper":2,"likeSize":10,"commentSize":2,"repostSize":2,"favoriteSize":0,"link":"https://ttm.financial/post/301244063244352","repostId":0,"isVote":1,"tweetType":1,"viewCount":1108,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["GEX","SPY"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":848,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":303221522034880,"commentId":"303221522034880","gmtCreate":1715064320128,"gmtModify":1715064371513,"authorId":3479274787036362,"author":{"id":3479274787036362,"idStr":"3479274787036362","authorId":3479274787036362,"name":"huuou","avatar":"https://static.laohu8.com/picture129","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":301244063244352,"objectIdStr":"301244063244352","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Thanks for sharing your analysis and stay safe!","text":"Thanks for sharing your analysis and stay safe!","html":"Thanks for sharing your analysis and stay safe!","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":303221946093744,"commentId":"303221946093744","gmtCreate":1715064318778,"gmtModify":1715064371438,"authorId":3479274734601276,"author":{"id":3479274734601276,"idStr":"3479274734601276","authorId":3479274734601276,"name":"Meet0","avatar":"https://static.tigerbbs.com/3776235f8fbc22077e8df03b2522caf3","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":301244063244352,"objectIdStr":"301244063244352","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"🙌🏼 Keep watching those levels!","text":"🙌🏼 Keep watching those levels!","html":"🙌🏼 Keep watching those levels!","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/301244063244352"}