Today's $SPX playbook is simple:
Buy 7702
Sell 7720
Rinse and repeat
Tight 18-point range. We're stuck in a box. Every dip to 7702 gets bought, every push to 7720 gets sold. Pin risk into expiry or just clean two-way flow keeping us locked in.
If you're trading this, the edge is speed and discipline. Don't chase either side outside the range. Wait for the touch, take the mean reversion, cut it fast if it breaks. This isn't a breakout setup — it's a scalp until something cracks the structure.
Watch for a flush below 7702 or a breakout above 7720. That's your signal the range is done. Until then, fade the edges.
Buy 7702
Sell 7720
Rinse and repeat
Tight 18-point range. We're stuck in a box. Every dip to 7702 gets bought, every push to 7720 gets sold. Pin risk into expiry or just clean two-way flow keeping us locked in.
If you're trading this, the edge is speed and discipline. Don't chase either side outside the range. Wait for the touch, take the mean reversion, cut it fast if it breaks. This isn't a breakout setup — it's a scalp until something cracks the structure.
Watch for a flush below 7702 or a breakout above 7720. That's your signal the range is done. Until then, fade the edges.