[5/2] Key levels for SPY

jace0777
05-02

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]  

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?
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Comments

  • cozyzi
    05-07
    cozyzi
    Trade safe, friends!
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