@BStew_ChArTs I will pass. With the recently expanded volatility the theta is huge for options. It is also not a confirmed downtrend which the uptrend is showing exhaustion. Unless zoom in close we to find a support/resistance to pivot against.
My CPI scenarios for tomorrow:
1. Less than 6.5%: a 150-200 point + move in S&P500 , could target 🎯 4150-4200.
2. More than 6.8-7%: a 200 point sell off , could target 3800.
3. 6.6 to 6.8%: a 100 point sell , may target 3850.
Now 4000.
$spy $es $spx
@TicTocTick Hi tic your levels are spot on, I am using spy and tried to divide your level by 10 but it didn’t work as well as I wish, wondering if you can provide some tips on how to use spy to more accurately spot your levels