SPY-M: Monday’s best pin is between 435 and 436. Over 436 and there isn’t much call resistance. Under 435 and there are some consistent medium puts all the way to 425.
SPY-W: Wednesday’s best pin is between 433 and 438. This might change, but seems like a decent area for SPY to close.
SPY-F: As of now, Friday only has high puts starting at 430. This bodes well for the bulls next week if price doesn’t fall below 430.
Overall thoughts: Very large bounce last week and bodes well for a possible low to be in for this trend. Support below Friday’s high is 4334, 4319, 4220 and 4195. Under 4195 and the low is probably not in or we may see a double bottom. Resistance above have approximate levels of 4400, 4461 and 4512.
SassyPremium 11/6/23
SPY-M: Monday’s best pin is between 435 and 436. Over 436 and there isn’t much call resistance. Under 435 and there are some consistent medium puts all the way to 425.
SPY-W: Wednesday’s best pin is between 433 and 438. This might change, but seems like a decent area for SPY to close.
SPY-F: As of now, Friday only has high puts starting at 430. This bodes well for the bulls next week if price doesn’t fall below 430.
Overall thoughts: Very large bounce last week and bodes well for a possible low to be in for this trend. Support below Friday’s high is 4334, 4319, 4220 and 4195. Under 4195 and the low is probably not in or we may see a double bottom. Resistance above have approximate levels of 4400, 4461 and 4512.
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