Two Sentence Traders

Market's betting the gap holds, one order-flow guy's betting it doesn't

By rummy ·

Quant's read is the market wants to hold today's gap up on $SPX, with 7526-7553 as the resistance zone to clear and 7490-7500 the pivot underneath. Lose that pivot and it's 7470, then 7445-7450 as the next downside pivot, with real support only showing up at 7400-7425. Worth noting: the order flow guy who's been closely watching the auction is still swinging short into this push, he switches fast so take it as a data point not gospel, but it's a tell that not everyone's buying the hold.

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Aggregated and distilled by Two Sentence Traders. Not financial advice.