$SPX hit a record all-time high close. Traders are eyeing key levels such as 5600 for support and 5575-5560 for potential rebounds. Options data indicates significant interest at the 5600 level, affecting market movements and potential reversals.
ODTE data ... we are looking weak here for more selloff .. but 551 if it breaks.. 550 is due .. but 552-553 seems appropriate for reversal .. Must keep tabs on 551 $spy https://t.co/eMDcwjkLaT https://t.co/WJ7YWMzOD7
$SPX 5550 is the largest level of gamma exposure on the options chain right now and may provide some support as well as be a sticky area like 5600 was previously. https://t.co/YfL7qKVAMB
Fun $SPX numbers: 21ema @ 5536.52~ -1% from Wed close @ 5532.39 5 July Friday low @ 5531.63 https://t.co/okpP5aknkZ