QQQ touched the anticipated 465 middle Keltner (ok, 464.98), and SPX came very close to touching the middle Keltner as well, falling short though relative to QQQ. WE see VIX divergences and some initial red flags as we approach VIX option expiration this Wednesday that we need to discuss.

GEX is improving (for the most part) and we see what may be a flag building out after Wednesday’s big jump, at least in the S&P. Are we likely going to experience a fakeout or breakout?

The largest total GEX cluster we pointed out at 5200 came into play much sooner than it could have, reaching the target today. Looking at the 0 DTE graph, we also noticed that 5150 popped up today as the biggest GEX cluster intraday, and once we lost 5200, 5150 arrived fairly quickly, eventually bottoming close to 5100 before rebounding. With this kind of volatility, what can we say is likely next?

Yesterday, we pointed out that VVIX finally reached the upper weekly Keltner channel, an event that doesn’t happen often, and perhaps marking a resistance area for volatility, or at least in the near future. We received feedback quickly as the market set records with its rise today, the biggest gain in Dow history and the largest 1-day drop in VIX history. Sorry to remind you…Even bear markets have big rallies. What’s next?

The shakeout continues, with shorts on the ropes this morning, then longs capitulating late in the day. We were satisfied to see yesterday’s predictions and signals realized. What’s next? Let’s take a look at any meaningful changes that may have occurred with the GEX picture.

Today saw the first warning shot to bears as oversold conditions and a recently extreme negative GEX structure coincided with positive tariff headlines, giving indices a sharp recovery from a harrowing gap down open. Is the selloff over, or is this just a break before a larger breakdown?

Real fear has entered the market, which has historically been a good time to buy. What about this time? Aren’t we watching a falling knife? We finally saw DIA hit the lower Dealer Cluster, the last of the major indices to reach it, though DIA overshot it while SPX’s lower dealer cluster moved even lower by Friday’s close. We see certain positive divergences, so are the two both correct but across different time frames? Let’s take a closer look.

We finally touched the approximate target zones mentioned early this week, reaching the weekly Keltner channels as well as the lower Dealer Cluster zones on most indices. One last stubborn index may need to reach its lower Dealer Cluster zone, so let’s take a look at that as well as an overview of the majors.

After hours tariff news was the catalyst to send futures lower, also giving us a proper extreme low GEX reading across the board. We also hit our rebound goal earlier of both the Hull moving average and the middle Keltner channel. Does it get any better than this? Well, it does, in fact.

Intraday volatility was quite impressive today as the market sought direction, creating an up-and-down rollercoaster pattern as the day progressed. Is this rally on borrowed time, or do we see sufficient runway to reach highs again?

Today saw the largest gain from open to close since March 21 for QQQ and the largest gain since February 28 for SPX. Intraday recoveries were even larger, making today fairly significant. With April beginning Tuesday, what do we see ahead?

The market appears to be on a mission of destruction into quarter end, so while we’ll continue watching intraday GEX changes for signs of reversal, let’s zoom out and look at weekly charts just to have some contingencies in mind.

Conflicting signals as the VIX continues rising above the Hull. Does the VVIX reversal and action in the indices tell us we’re heading south, or is this just another buying opportunity?

Yesterday’s VVIX divergence played out today, and while this pullback could be a fakeout, we see several short-term signals that suggest the selling may not be over.

Indices gapped up again today, though the rally stalled right at the middle Keltner channel, also coinciding with a VIX/VVIX divergence and a weak IWM. Will markets push through this spot toward new post-correction highs, or are bulls in for a negative surprise?

Monday saw GEX dramatically increase for many tickers, crossing the zero line into positive territory for many indices and rallies accompanied this increase in GEX. Will we have an easy glide into quarter end this coming Monday?

We saw a relatively large gap down Friday that ended up representing a great buying opportunity, and we called it early on when we pointed out the extreme negative GEX in Discord. With the last week of the quarter ahead, let’s look at where the GEX landscape stands and throw in a few chart indicators to see if we can increase our odds of success.

The chop continues, with intraday volatility in both directions during the cash session for SPX. The VIX couldn’t stay above 20, yet we will have to see whether or not that is a harbinger of a more bullish market move next week and beyond or if the suppression is strictly related to OpEx week.

Nice follow through for markets today after holding the 5600 mark on SPX. SPX made a higher intraday high than two days ago, and it also closed higher, though barely. With OpEx Friday and both sides seeing premium disappear every other day, what lies ahead as we approach Friday?

We the important retest of SPX 5600 today, with initial signs of holding 5600 leaning positive. Will tomorrow’s FOMC announcement pour cold water on bulls and result in a rejection of 5600, or will Powell give markets a reason to rebound toward the next higher target?