The S&P 500 (SPX) and other major indices experienced a period of consolidation and volatility as the market digests recent economic data and political news. The SPX briefly touched the 6000 mark but has since faced resistance and pulled back. The VIX, a measure of market volatility, hit fresh lows following the Consumer Price Index (CPI) report, indicating a potential continuation of low volatility into the options expiration (OpEx) week, with the VIX at 13. The market is currently pinned around the SPX 6000 level due to significant options positioning, with gamma exposure playing a crucial role. Traders are closely monitoring support and resistance levels, with the SPX needing to break above 6010 to resume its uptrend, and a potential test of the 5940-50 range. The market is also preparing for upcoming retail sales data, which could impact trading dynamics. Order book depth in ES futures remains low at 44K, with about 4.6K more bids than offers.