Morning Market Notes 01-21-25
Market Calendar
$SPX & $QQQ
$QQQ & $SPX 01-21 levels from 0DTHERO
We’re set to open above 6000 on $SPX, the largest node in terms of options for the S&P index. The idea here is that if we hold 6K, the next target is 6050.
While there are signs of momentum in the technicals for most ETFs tied to major indices, only $QQQ is moving its call wall higher, with an impressive amount of gamma at the 530 strike.
It’s a dry data day, but $NFLX kicks off big tech ER season after the bell.
Let’s have a sesh.
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