Robert P. Balan

Short-Term, Good News on Inflation, But the Fed’s Longer Game Plan Keeps Rate Policy Moderately Hawkish

July 2 Update 1: resistance at 7525 - 7550 Negative GEX held; late day range may stay at 7440 - 7480

July 2 Post NY Open -- Pre-Independence Day rally; hindered by the Negative GEX at 7525 - 7550; late day target at 7555-7585 Vanna-rich zone (Green Quadrant)

July 1 Update: 3 -- firm resistance at 7525 - 7535, late day trade targets the Red Quadrant (7510 - 7480)

July 1 Update: 2 -- 7525 - 7530 shaping up as the current rally's resistance

July 1 Update: 1 -- (-) Cum DEX and (+) Cum DEX on very thin market position favors range trade day (with down bias late), unless positioning changes

June 30 Update 1: Unless something dramatic in positioning changes, today's rally hits resistance at 7495 - 7505

June 30 Judgment Call: Green (upper) Quadrant gets Market Maker priority in early trade

June 30 Pre-Market: COLLAPSING DELTA (DEX) AND COLLAPSING GAMMA (GEX) BODES SHARPLY LOWER NY OPEN

Heads Up: Today is last day of Q3 rebalancing (whole day), and JPM Collar roll-off at EOD

June 30 Pre-Market: Positive Delta and Gamma Flows, but . . .

June 29 Updates: this rally will be retraced overnight -- we take the 0DTE profits