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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.