$S&P 500(.SPX)$ $Cboe Volatility Index(VIX)$ πππ₯ S&P 500: The Coiled Spring Nobodyβs Ready For π₯ππ
There is a powder keg building beneath the $SPX and nobody is talking about it loud enough. DEX positioning is so heavily tilted to one side it is practically begging for a violent snapback. One rogue tweet, one shock event, and that mountain of delta could implode faster than you can blink, sending the index straight to 5465, maybe even lower without mercy.
π 28Apr25 Setup:
β Fridayβs Close: 5525.22
β Straddle Pricing: Β±60pts
β Range Targets: 5585 / 5465
β Key Pivot: 5505
The real gatekeeper? 5505!
Hold above 5490, and the path stays open for a move back toward 5525, with a shot at squeezing higher toward 5585. But beware, long gamma density above 5525 can choke upside momentum fast.
Drop below 5490, and pressure accelerates toward 5450. Breach that, and the floor caves in, setting up a trend day lower, with 5350 as the last fortified gamma wall.
Dealer positioning is clear, massive long gamma is stacked around 5350, anchoring the downside but only if it does not turn into a waterfall.
Charm dynamics stay mild but suppressive below 5470.
If $SPX trades at or above 5470 after 3:30 PM, watch for supportive flows to punch in a late-stage reversal into the close.
β‘ Sunday Futures Recap: As expected, we gapped down at the open. No surprises. Only setups.
Perspective check?
$SPX is currently about +12% away from retesting the 6,140 highs, and about -12% away from retesting the 4,800 lows.
You are standing dead centre between glory and disaster. Trade accordingly!
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looks like I will step back, grab a popcorn bucket and see what happens next π€
the fear factor is so high that any news could change the price
I will watch and learn... meanwhile I will read The Little Book That Stills Beat The Market π€
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Great article, would you like to share it?
Great article, would you like to share it?