The print sits 1.3 points under the 7430 hold. Above the 7435 cap, the 7445 and 7450 holds lead to 7455, the largest positive GEX on the board. Support below is 7410.
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.