📉 Puts Continue To Reign Supreme – 4200 #spx Key Downside Target
Good Morning. We only get one October 4th, 2023, so let's make it a great one.
Today's pre-market video offers insights into the SPX's structure through the lense of our unique dashboard. For a comprehensive understanding, not only should you watch the entire video linked below, but also review the pre-market notes available on our Discord server.
Here's a high-level overview:
SPX Closing Price (Prior Day): 4,229.46
SPX PM-Complex: ITM/OTM put dominated; set to open below its transition zone, which is wide and loose
SPX 0 DTE: ITM/OTM put dominated; set to open below its transition zone; ITM calls start at 4185
SPX AM + PM Complex: ITM/OTM put dominated; set to open below its transition zone
Market Trend Model: Downtrend on all time frames
~~~ (-) GEX is 4200 on all times-frames listed above ~~~
Upcoming Session Notes
Market Trend Model: TIK US
SPX (PM Settled) Dashboard
SPX (0 DTE) Dashboard
SPX (AM + PM) Dashboard
SPX (AM + PM) Landscape
Market Structure Heatmap and GEX Ratio
This Week at GammaEdge
October 4 @ 8pm EST: Open Mic
October 8 @ 12pm EST: Review of September's Book of the Month | The Marshmallow Test by Walter Mischel
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and your own research.