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