Essential Guides
Start here. These in-depth guides explain the institutional concepts behind every Market Outlook: gamma exposure, dealer positioning, market internals, and key S&P 500 price zones.
Market Outlook
Institutional ES futures and SPY options research, gamma levels, and key zones for trading the S&P 500.
Crude Oil Prints a New 52-Week High and Sets Up a Pullback Buy
Crude oil settled 93.03 Tuesday at a new 52-week high after a 1.69 percent advance. The Wednesday plan buys a pullback into the 92.70 to 93.10 band below the 94.73 high.
Gold Outlook: Fade the Rally Below the 20-Day
Gold fell 0.84 percent Tuesday to settle at 4,439.0 as yields firmed toward 4.80; the plan fades rallies into the 4,475 to 4,492 band toward the 4,436 pivot.
Nasdaq-100 (NQ) Outlook: Buying the Support Confluence Retest
September Nasdaq-100 settled 29,538.75, down 0.09 percent and pinned to its 20-day average. Wednesday buys a retest of the 29,388 to 29,425 support confluence.
S&P 500: Fading the Retest Into Resistance
The S&P futures closed at the bottom of the range on a late geopolitical break. Why Wednesday fades a failed retest into the 7,700 to 7,716 resistance band before the auction.
Crude Oil Reclaims a Broken Support Shelf and Sets Up a Retest Buy
Crude oil settled 91.48 Friday after reclaiming a support break beneath 89. The Tuesday plan buys a retest of the 89.30 to 89.90 shelf below the 92.17 high.
Gold Outlook: Sell the Failed Retest After Payrolls
Gold fell 1.39 percent Friday to settle at 4,476.6 on a hot jobs print; the plan sells failed retests of the 4,519 to 4,539 band toward the 4,476 pivot.
Nasdaq-100 (NQ) Outlook: Buying the Retest of the Support Confluence
September Nasdaq-100 settled 29,565.25, up 0.14 percent above every moving average. Tuesday buys a retest of the 29,468 to 29,499 support band.
S&P 500: Buying the Support Band After Payrolls
The S&P futures settled soft below the 20-day as rates repriced higher. Why Tuesday buys the pullback into the 7,698 to 7,706 support band before the auction.
Crude Oil Rejects a 93.14 Yearly High and Sets Up a Pullback Buy
Crude oil settled 91.30 Thursday and rejected a 93.14 yearly high on Hormuz risk. Friday's plan buys the pullback into the 90.40 to 90.90 band before payrolls.
Gold Outlook: Buy the Pullback Into Payrolls
Gold surged 2.84 percent Thursday to settle at 4,539.9; the plan buys pullbacks into the 4,462 to 4,478 base toward 4,558 ahead of Friday payrolls.
Nasdaq-100 (NQ) Outlook: Buying the Pullback Above the Higher-Low Ladder
September Nasdaq-100 settled 29,524.75, up 1.16 percent above four of five moving averages. Friday buys a pullback into the 29,360 to 29,410 band.
S&P 500: Buying the Confluence Band Into Payrolls
The S&P futures reclaimed every major average as rates repriced lower. Why Friday buys the pullback into the 7,720 to 7,730 confluence band before payrolls.
Crude Oil Rejects the Six-Week Shelf at 92.29, Sets Up a Pullback Buy
Crude oil settled 91.01 Wednesday and rejected a 92.29 six-week high on Hormuz escalation. Thursday's plan buys the pullback into the 89.20 to 89.80 band.
Gold Outlook: Buy the Reversal Pullback
Gold reversed off a five-session low Wednesday to settle at 4,414.6, up 0.65 percent; the plan buys pullbacks into the 4,415 to 4,435 shelf toward 4,490.
Nasdaq-100 (NQ) Outlook: Selling the Failed Retest Beneath the 100-Day
September Nasdaq-100 settled 29,186.25, a recovery close beneath four of five moving averages. Thursday sells a failed retest of the 29,213 to 29,239 band.
S&P 500: Buying the Pullback Into the Confluence Band
The S&P futures reclaimed the dealer gamma flip as rates repriced lower. Why Thursday buys the pullback into the 7,652 to 7,665 confluence band.
Crude Oil Sets a Fresh Contract High on Hormuz Escalation, Sets Up a Pullback Buy
Crude oil settled 90.22 Tuesday and touched a 92.29 contract high on a Strait of Hormuz escalation. Wednesday's plan buys the pullback into the 89.80 to 90.40 band beneath the 92.08 to 92.63 ceiling.
Gold Outlook: Sell Strength Into the Supply Band
Gold fell 2.79 percent Tuesday, the December contract settling at 4,396.4 in a confirmed downtrend; the plan sells strength into the 4,382 to 4,400 supply band with a stop at 4,428.
Nasdaq-100 (NQ) Outlook: Selling the Rally Into a Broken Average Stack
The September Nasdaq-100 settled 29,125.50 beneath four of five moving averages on a technology-led decline. Wednesday sells a rally into the 29,215 to 29,250 band beneath the pivot.
S&P 500: Selling the Rally Into the Pivot Band
The S&P futures closed beneath the dealer gamma flip as an oil shock lifted rates and volatility. Why Wednesday sells the rally into the 7,656 to 7,668 pivot band.
Crude Oil Jumps on Hormuz Escalation, Sets Up a Pullback Buy
Crude oil settled 85.76 Monday, up 2.83 percent on a Strait of Hormuz escalation. Tuesday's plan buys the pullback into the 85.40 to 85.80 band beneath the 87 ceiling.
Gold Outlook: Fade Strength Into the Supply Band
Gold paused after Friday break, settling at 4,481.5 on Monday, down 1.07 percent; the desk fades strength into the 4,505 to 4,525 supply band, with a stop at 4,568.
Nasdaq-100 (NQ) Outlook: Buying the Pullback Into the 50-Day Shelf
The September Nasdaq-100 settled 29,513.00 in the upper eighth of its range on a failed downside break. Tuesday buys a held pullback into the 29,420 to 29,450 shelf.
S&P 500: Buying the Defended Shelf Into the Data Block
The S&P futures held a defended dealer gamma flip in both domains as rates and oil drove a rotation. Why Tuesday buys the 7,678 shelf into the 10:00 AM ET data.