SPX Weekly Outlook ending Oct 13We have one large gap above and 2 gaps below. As usual, 4300 and 4200 are the whole number support.
Above 4325; we can go for the gap fill to 4400-4405. Over 4405 is 4465
Below 4300 is 4200 and then 4150 then 4100.
Remember, the JPM collar is calling for 4500 above and then 4050 below.
Spxw
SPX Weekly Outlook ending Sep 29We have 3 gaps below to 4000-3960. Right now the support area is sitting at 4300-4260 where SPX is indicating we will test this upcoming week. We do have a gap above at 4400 that I expect a possibility to be filled if bears cover.
4300 hold we could bounce back to 4355-4400.
4300 break we test 4260 then 4200 followed by 4100 4000 then 3960.
Weekly SPX outlook ending Sep 15SPX 4450 is the key line in the sand now. A head and shoulders is forming on the 2hr and based on option flow could complete early to mid week.
Bear: Below 4450 with a target of 4400 and below that 4350-4300.
Bull: Above 4450 with a target of 4500 and then 4530-4560.
We also have CPI and PPI this week. To add it is also OpEx - wonderful.
Could potentially take SPX 4465c and 4465p 09/18 on Sunday when SPX opens @ roughly 29.00 each. PT would be 90-100.00 on either leg.
Weekly SPX Outlook ending Sep 08:SPX 4500 still remains the key crucial support area. We saw today Sep 01 how they brought it down to 4501 and held it all day. Short week next week so we could FULLY expect to see a move back up to 4525-4530, over that 4550 then 4580-4600.
Under 4500 fully expect to see 4480 get contested. Below that don't expect and support until 4450 then 4420 and POSSIBLY 4400.
SPX Weekly Outlook Ending Jun 30thWe broke a critical level at 4400 and have been floating down in a channel to 4350 ever since. Now 4350 remains a crucial pivot.
Below 4350 we test 4300 and below that we test 4250.
Hold 4350 and we can get back to 4370-4375 where Friday option data is showing a potential pin with 3500 contracts of 4375p short and 5000 contracts of 4370c short.
SPX Weekly Outlook: Week ending Jun 23SPX flow from Friday is indicating 4400 as the flip point for this short week. Key word, short week.
If 4400 holds, we could melt up to 4450 followed by 4475 then 4500. Now, 4500c and 4500p are both SHORT. So don't expect a break over. That being said, if 4400 breaks and we slide under, 4350 is the first target then 4300.
Good luck.
SPX Weekly Outlook: Week ending Jun 16We have monthly OpEx this week and futures contract rollover. Options are pointing to a move down to 4250 on SPX first and then based on CPI and PPI, a potential dump to 4150 or a ramp to 4400.
Expect a 125pt move from 4300 above/below. Flip point would be 4290-4310 , can treat that as no mans land.