Morning all, S&P is back into key resistance today, testing familiar levels as we round out the week.
🧭 Market Overview: Broad strength across indices — SPX, NAS100, DJI, and RUS2000 all climbing. DXY remains tame, and VIX is compressed. Titan’s volatility profile continues to support a calm, bullish environment for now.
💡 Sector Flow: Industrials, discretionary, and tech are leading. Semiconductors remain a bright spot. Defensive sectors still lagging — confirming the risk-on flow flagged by Titan’s sector rotation model.
🎯 Price Action: Price is pressing into the 5,680–5,720 resistance zone, right at the upper guide bands and top of the down‑channel. This is where previous rallies have stalled.
🔍 What I’m Seeing: Context: At channel resistance Sentiment: Ultra‑Consensus Long (Titan) Trend: Strong and aligned Macro Checklist: Fully green Momentum: Holding cleanly
📍 Key Levels:
5,700–5,720 = breakout zone
5,660–5,645 = near-term support
5,528–5,460 = macro pullback zone if trend breaks
🧠 My Plan: Staying long-biased while above 5,645. Will look to scalp long only on a clean break and hold above 5,720. Short scalp only if we reject hard or break 5,645 without reclaim.
🌐 Macro View: US–UK trade deal supportive. Semis remain strong. CPI next week is the next scheduled macro test.
🔚 Final word: Structure is clean. Bias remains up. Don’t chase — let price confirm. It’s Friday, so protect gains and stay sharp.
Both NASDAQ and S&P are sitting at critical resistance with strong, clean structure and no breakdown yet. We’re coiled. The next move matters.
There’s no need to force trades into a Friday close. Let price break first — then follow. Avoid the chop. Focus on confirmation, and protect what you’ve built this week.
Trade safe. Take profits, not chances.
This isn’t financial advice — just how I’m reading and managing my own book using Titan Protect. Wishing you clear eyes and clean trades today.
SPX Theta and Vega is eating into all option positions, puts, calls and straddles ... with straddles being impacted the most. Was anticipating index at sub-5k by now with a move to 4.5k by mid-May....... still 17.5% away from that target with Theta & Vega decay impacting mark-to-market - will hold until 23rd May after which time if we are still treading water at current, I'll take the loss ... with sub-1% price moves around a mid of 5675, there is nothing to be either be said or done .. other than the price action indicates tremendous uncertainty ... . with non-US$ cash being the max defensive hold