SPX Market Positioning & PAM Game Plan — Thu 5 Nov: All Expiries to 20 Nov
Stuck between 7650 and 7800 into OPEX: 7650 is the floor to watch, 7800 is where rallies have stalled.
Stuck between 7650 and 7800 into OPEX: 7650 is the floor to watch, 7800 is where rallies have stalled.
The print settles between the 7700 hold (+84.2) and the 7710 hold (+96.4), with 7710 the strongest hold into the close.
7710 is the ceiling and 7700 the floor for now: price is likely to rotate between them. Latest: The 7710 hold builds to +66.1, 4.1 points above the print.
Range-bound 7710–7720 for now: a break below 7710 opens lower prices, a move through 7720 opens higher ones.
7690 floor, 7710 ceiling for now; above them, 7710–7720 are forming as the 0DTE high magnets, with 7725 the cap.
Between 7680 and 7690 for now: support sits at 7680, and 7685 is the first cap, with 7690 the next hold above.
7710–7720 is the 0DTE magnet: both strikes carry positive gamma just above the 7706 print, with 7690 as the floor and 7725 as the cap.
Price sits on the 7650 weak spot: 7645 is the first floor to watch, 7725 is where rallies have stalled.
The day's round trip ends on the 7565 hold under the 7570 cap, with no hold below until 7530. Likely close: 7565, then 7530 below and 7580-7585 above.
7595 is the ceiling and 7580 the floor for now: price is likely to rotate between them.
Range-bound 7580–7595 for now: a break below 7580 opens lower prices, a move through 7595 opens higher ones.
Price slipped back between the 7565 and 7585 holds; 7570 is the largest level near the print and 7590 caps above.