April 6, 2024

Eye of the Storm Podcast – Big Picture Technical Update – S&P 500 04/06/2024 by Michael Filighera

In today’s Podcast – I review the EW counts and labeling for the SPX and the ES. I also start to add Fibonacci levels for additional downside moves as the initial 5 waves down progress. I also include an update on the cycles and the effect Thursday’s moves had on the cycles. I also review economic data due out next week. Here is the title of a video presented on YouTube by Spot Gamma – Volatility Suppression: Quantifying the Oddities of Recent Market Movement and is very interesting as the CEO Brent explains and goes into detail on 0DTE options and volatility suppression. It is very technical in nature, but well worth the view.