7390–7455 is the range for now: 7390 is the floor, 7455 is where rallies are likely to stall. Latest: The 7430 hold under the 7435 cap.
Multi-expiry options positioning and a practical map from Friday’s 05:43 ET snapshot. The macroeconomic backdrop is in Part 1.
Current macroeconomic conditions and a practical watch-list into mid-November. Multi-expiry options positioning follows in Part 2.
7410 is the ceiling and 7360 the floor for now: price is likely to rotate between them.