Ivan

🇫🇷 🇺🇸
CS PhD | AI Enthusiast | Stock & Crypto Trader | Technical Analysis Aficionado | Swing Trading Strategist | Bullish on Insights, Bearish on FOMO

[Ivan @Ivantage_x]

@QuantData Why do I not see DP on my tool?

[Ivan @Ivantage_x]

@Mj4Stocks

[Ivan @Ivantage_x]

@spluscollective Ah draw please 🤣

[Ivan @Ivantage_x]

Gap down after the no deal weekend. Currently seeing a bit of exposure on the downside but a large support here at 6795/6800. Breaking under will send us to 6775 and then 6750/6755.
Looking ahead, no large nodes in the next few days but Friday for OPEX at 6800 out support, 7000 on the upside and 6675 on the downside.
We will have to wait 10AM to see how things move.
$SPX $SPY

[Ivan @Ivantage_x]

We opened the day above the largest GEX node at 6740/6750 which should act as a support for the day.
Breaking under would send us to 6725 with another notable level at 6700 and 6675 but those are fairly small.
On the upside 6800 will be first resistance with a large zone at 6820/6830 for today and tomorrow. Breaking above that will push us to 6850 and 6875.
$SPY $SPX

[Ivan @Ivantage_x]

Big change of scenery following the war news last night and the whole map lights up green.
6700 / 6720 seems to have turned into a big support zone with a lot of positive gamma exposure under and above us today. We hit the big 6800 resistance at open, and went back down to the nearest support at 6775 which should hold. A break below would into 6750 / 6730 and 6720 supports.
On the upside we could grind back up to 6800 and 6820 /6830 zone but delta it fairly weak above 6800 so not expecting it to be an easy ride (unless we get more news).
Even looking ahead 6800 seems to be the focal point of the next 5 days with low GEX profiles above that.
$SPX $SPY

[Ivan @Ivantage_x]

We opened very closed to the largest node of the day at 6600/6605 and currently testing it. Breaking above could send us towards 6625 first and possible grind further towards the 6690/6700 zone which has a large exposure for tomorrow.
Rejection would send us to around 6570.
Looking ahead the exposures have flipped more green and less downside but we can still see notable exposures like the 6425 one for EOW.
$SPX $SPY

[Ivan @Ivantage_x]

@Kayess19 @spluscollective @Venu_7_ @mambalammani @Mj4Stocks @ABTrades17 Wise words.

[Ivan @Ivantage_x]

What a gap down.. So much for pulling out of the war...
We opened the day on the largest Gamma level but I'm seeing some very large nodes at 6475, 6445/6450, 6425, 6400 and 6375 with a notable node at 6325 for next week.
6325 would be Monday's low and could signal a double bottom or are we replaying April playbook and we got our 5% DCB before the next leg down....
For today watch the large node levels as support, if they break the next one comes in play. A bounce could send us back to today's open at 6500 / 6510.
$SPX $SPY

[Ivan @Ivantage_x]

Small gap up overnight.
The largest gamma exposure of the day is set at 6600 with 6625/6630 also having a large concentration of positive exposure, and another one around 6675.
Looking ahead we can see 6690/6700 showing large exposures for Monday.
On the downside, LOD at 6550 should act as a support. if it breaks we will likely see a gap close to 6525.
Notable but small exposure on the downside at 6425, 6375 for tomorrow and 6325 end of next week.
$SPX $SPY

[Ivan @Ivantage_x]

Gap down, gap down, now that's a new lol.
Ugly GEX landscape with the biggest exposure of the day currently at 6400 with a first support at 6425.
A break under 6400 would send us to 6375 and 6350.
Notable negative exposure at 6275 for April 2nd!
On the upside, we are looking at a first resistance around 6475 which is overnight gap close. Break above would send us to next resistance at 6500
$SPX $SPY

[Ivan @Ivantage_x]

Seems the gap up / gap down / rinse and repeat theory is sticking lol.
GEX landscape is not looking great today and for the next few days.
Largest exposure for today at 6500 with a small support at 6525. A break under 6500 will send us to the 6475 level and the largest negative exposure in the next week.
Today's upside is currently capped at 6600 which would be overnight gap fill, and 6550 as mid resistance for the upside.
We can see some large gex negative exposure concentration in the 6375/6400 zone for next Tuesday, and a large 1B negative exposure for April 2nd at 6275... So let's be careful as news could send us down there fairly easily.
$SPX $SPY

[Ivan @Ivantage_x]

@Kayess19 @TheTradeParadox @Venu_7_ @spluscollective @mambalammani Wtf is that

[Ivan @Ivantage_x]

Gap up, Gap down, rinse and repeat lol
Bullish bias at open with a target of 6655,and possible push to 6665/6680 zone, and moonshot at 6700.
Support at 6615/6625 zone, braking under that zone could send us to 6580 and possible overnight gap close at 6550.
Looking ahead, there is still a lot of negative exposure for the end of the month all the way down to 6475.
$SPX $SPY

[Ivan @Ivantage_x]

So much for a gap up and follow through lol.
Gap down this morning with the largest exposure of the day at 6500. We can see that the 6475/6525 zone has currently a lot of negative exposure, so price should be attracted to these levels.
Looking ahead we have a large exposure at 6425 for Friday and 6475 next Tuesday (EOM).
Based on current levels, 6475 should be a strong support (last Friday's low) if we get to that but a break under would send us to that 6425 level.
$SPX $SPY

[Ivan @Ivantage_x]

Big weekend gap up on the "end of war" news. I would still be a little cautious here..
I see a thin liquidity week so far with 2 positions and a new support zone at 6585/6600.
Today's money is currently positioned above us at 665- /6670 and 6700, but Deltas are quite weak especially above 6650. 6675 is currently tomorrow's highlight.
Note the negative exposure at 6425 at the end of the week. It is last day of the month but might just be a hedge or something not too relevant but I would want to see the map flip a little more green to believe on a complete V shape recovery.
$SPX $SPY

[Ivan @Ivantage_x]

@AshleyCat888 Curious how you got to those levels. I see a little bit around 600 on 3/31 but it's very small and likely just an hedge.

[Ivan @Ivantage_x]

Gamma shows quite a bit of exposure below us especially for Monday so a gap down on Monday and grind up from that point onwards is not out of the question, unless we get a sell off into close and those exposures are met course.
The day is not over, but I do see signs that we are near an end.
$SPY $SPX

[Ivan @Ivantage_x]

We grabbed a lot of the downside liquidity with the dip to 6475 on Friday so I thought we would have met the downside and close the book on the correction.
But it was before the weekend news as always.
let's see where tomorrow opens but as of right now I don't see many levels under 6425. Next one of significance is closer to the 6350 and 6200 mark..