Morning Market Notes 01-17-25
Market Calendar
$SPX & $QQQ
$QQQ & $SPX 01-17 levels from 0DTHERO
Per 0DTHERO, we clearly see the zone between 5950 and 6000 $SPX acting as a magnet area for the day. This gamma chart applies only to today. Since it’s OPEX, we expect these positions to be rolled or cleared so we can move on with our lives and let the market do its thing.
We’re above most call walls at the moment, except for $SPY, which is sitting at 600.
The $SPX is implied to open right in the middle of this zone, so a bit of chop until the price finally decides to break out is likely.
Having said that, I don’t expect much from today’s sesh [if you know what I mean].
Let’s have a great one.
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