TMAD Spotlight: Market and Trade Updates
$CORN $NFLX $TGT $SPY $MP
Hello everyone,
SPY 0.00%↑bounced violently today and stalled right at the $650 strong ATM GEX level. If we can hold here and push higher, there is little real supply until $672.
President Trump is scheduled to speak tomorrow at 9:00 a.m. ET, which could provide the market with an additional catalyst toward those levels. We’re seeing notable options flow into the $660–$670 strikes, though there remains heavy put open interest at lower strikes, so caution is warranted.
SPX Levels
As you can see the blue line is 10DMA and we stopped right there. We have higher resistance zones at 6645 and 6736 so we can continue towards there on a good speach. If we selloff here, our support is 6486 and 6360 and potentially lower, as it would create corrective wave C.
NDX Levels:
Resistance: 24,500/ 26,200
Support: 23,350 / 23,500
Trade Updates
Here is our trade log. Automated trades with entries, exits and what’s still opened.
