Notable levels from yesterdays session (Stocks & Futures)
ES OVN high was short level with cash session high also being 4156. Sold nearly down to target 4120 coming within 2 handles before reversing to cash session highs. Once we broke aboce 4134 there was a clear trend change and longs were initiated. From here I called out the 4130 $SPX Calls along with ES 0.00%↑ futures. See below.
4134 broke sparking move up to 4155 for 21 handles of upside while $SPX contracts went 3.5 > 13. These were taken up to 5.5 while Futures B/E (LIS) was never hit so trade remained valid. There was no reason to be in both after we spiked once then came back down. From here it was picking either $SPX or ES to take off which was an easy decision. If price is ever struggling to move in direction, option contracts will take a large hit depending on the amount of time used for expiration.
NQ
Events
Earnings
