exlux99

SP500 28 April 2022

SP:SPX   S&P 500 Index
Close candle of 27 April = 4180
Expected opening price for today = 4210(at least based on ES movement and volume)

TOP Side = 4280 - 4300 according to Implied Volatility and ATR
BOT Side = 4120 - 4100 according to Implied Volatility and ATR

Expected movement at 28April 00h between 1.5 - 2.5% movement during the day


In terms of fundamentals that can affect SP500
At 14:30 european time(in 4h) we have the release of :
US GDP
US Jobless claims
Both of the them are expected to lower than previous values -> Bearish Movements

So final decision:
Once SPX is going to get closer to 4280-4300 we can go into a short trade
with SL around 4325-4330 ? and aim for 4250-4200
However all of this can changed based on whats going to happen within the first hour
of SPX opening

The current intraday mood for SPX is fully bearish because of yesterday.
However there a high chance that within the first hour of opening we can get an
Iron condor SIGNAL, with 4280/4125 aproximatively.

Further update will come once the SPx opens

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