Mid-day check on the Trinity setup:
$SPY holding above yesterday's low — still range-bound but respecting support. If we reclaim 595 into the close, that's constructive for a push toward 598–600 tomorrow.
$SPX gamma wall sitting around 5950. Dealers are long gamma here, so expect choppy two-way action unless we break and hold above that level. Upside opens to 6000+ if flows turn aggressive.
$QQQ lagging — tech's getting hit harder on any dip. Watch 515 as the line. Break below and we're testing 512. Hold it and we grind back toward 518.
No major conviction either way yet. Waiting for a cleaner break or a flush to add. If you're in options income plays, this chop is your friend — theta working while the market decides.
$SPY holding above yesterday's low — still range-bound but respecting support. If we reclaim 595 into the close, that's constructive for a push toward 598–600 tomorrow.
$SPX gamma wall sitting around 5950. Dealers are long gamma here, so expect choppy two-way action unless we break and hold above that level. Upside opens to 6000+ if flows turn aggressive.
$QQQ lagging — tech's getting hit harder on any dip. Watch 515 as the line. Break below and we're testing 512. Hold it and we grind back toward 518.
No major conviction either way yet. Waiting for a cleaner break or a flush to add. If you're in options income plays, this chop is your friend — theta working while the market decides.
