SPX and ES 29 April 2022

29 באפר׳ 2022

TOP Side = 4365 - 4375 according to Implied Volatility and ATR
BOT Side = 4205 - 4195 according to Implied Volatility and ATR

Expected movement at 28April 00h between 1.75 - 2% movement during the day

In terms of fundamentals that can affect SPX

In terms of technical analysis, our product ONE TOOL TO RULE
ONE TOOL TO RULE
On 5 min we still have the long entry(4220) from yesterday, however the 1 min is giving the short(4285)

The main volume area for yesterday was on 4290 point, so there is a low probability that the market is going to open above 4300

Conclusion:
After the "rally" from yesterday, once we hit 4300 area, and it got rejected, so we can see that since then, on ES market, the asset declined to 4260(at the moment of writing, close to -0.8%).
So I believe today we are going to have a continuation of that short movement,and close around 4250-4200