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Short-Term Bottom Or Bull Trap? Options Trading Mid-Week Update


This week we have Jobless Claims on Thursday and PCE Price Index on Friday, both at 8:30 a.m. Eastern. As the S&P 500 (/ES) continued lower this week, the main target was our prior low of the year at $3,639 and a bounce back to structure around $3,735. With the market holding $3,735, there are a few other targets to keep in mind. In the video above, I dive deep into key levels on /ES. My main focus this week is the overall market and trading SPX.

SPX $3,000: -20% Market Collapse Ahead? (Back to PRE-COVID Levels)


Monthly squeezes can pack a serious punch, and so can weekly squeezes. Right now, the SPX is squeezing on both time frames, and the structure is leaning in the favor of the bears 🐻 Will these squeezes fire short and take us back to pre-covid levels? Or do you think the market will bottom much sooner? Let me know in the comments! Either way, I’m here for the ride 📈📉