$ES Futures

• Pivot Point: $3850

• Upper Targets: $3875, $3887.50, $3900

• Lower Targets: $3837.50, $3825, 3812.50

$SPY Options

• SPY 7/8 $388 Call

  • Entry: Above $385

  • Stop: Below $384

  • Profit: Your choice

• SPY 7/8 $380 Put

  • Entry: Below $383

  • Stop: Above $384

  • Profit: Your choice

$SPX Options

• SPX 7/8 $3900 Call

  • Entry: Above $3864

  • Stop: Below $3856

  • Profit: Your choice

• SPX 7/8 $3825 Put

  • Entry: Below $3850

  • Stop: Above $3862

  • Profit: Your choice

Analysis

Overnight inventory was short (below the orange box), cleaned out trapped longs under $3837.50 (lower blue box) and rotated higher, finding bids at $3850 and is currently above $3862.50 (higher blue box). As long as price is accepted above $3850, price should look for supply at higher levels.

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