Dec. 8: Key Characterization of Customer Positioning, and Market Makers' Hedge Reaction Function for the 0DTE -- GEX compression + IC wings = range day
Dec. 5: Validation of SPX Aggregate Net Customer and Net Market positioning, by strike by strike analysis -- 6910 magnet has very large (-) CEX; MMs buy into the close
Dec. 5: Key Characterization of Customer Positioning, and Market Makers' Hedge Reaction Function for the 0DTE -- early NY may drift higher, but P.M. sell pressure will dominate
Dec 4: Update No. 1 -- primary magnet has migrated to below SPX spot (6845); likely late PM path is down towards 6825 - 6845
Dec. 4: Validation of SPX Aggregate Net Customer and Net Market positioning, by strike by strike analysis -- choppy, range-bound action within 6840-6880+ (purple zone); PM selling pressure
Dec. 4: Key Characterization of Customer Positioning, and Market Makers' Hedge Reaction Function for the 0DTE -- expect tight range, possibly with slight upwards bias
Urgent Update: December 5 Structure Shift -- Dec 5 DEX mechanical selling pressure in the AM session revised to range-bound
Dec 3: Update No.1 -- total (-31) CEX at target zone (6850-6875) very bullish for PM trade; MMs buy into the close, not sell