[1/5] GEX/VEX making my head spin - Key Levels to watch for SPY

With FOMC coming up, we are not seeing a lot of conviction in either directions!

Here's a rough cheatsheet, and what u typically monitor for. In general, we are watching out for:

- Positive GEX: "Price retardants" 

- Negative GEX: "Price accelerants"

- Positive VANNA: "Price magnets"

- Negative VANNA: "Price repellants"

So price levels with highly positive GEX and negative VANNA form zones of resistance/dupport. 

GEX levels for SPY - exporation 1/5

Vanna levels for SPY - today's expiration

Tdlr

505 - Massive resistance. I don't hold much hope that price will break above this level. But if it does, 505 -> 508

491 - If price trends down, there is a massive "ghost zone" all the way down to 491. So will watch for massive price drop down there. 

495 - this will likely be the area to target if price leans towards the bears today. 

Bullish: -> 505 -> 508

Bearish: -> 500 -> 495 -> 491

Overall leaning towards Bear > Bull

Trade safe, friends![Cool]  

@TigerOptions @Daily_Discussion @CaptainTiger @MillionaireTiger @TigerPM