Edge Sheet
Tuesday, Nov 10: the SPX game plan, locked before the bell and graded after the close.
Today’s calls
Only made when the data supports one. Each is scored after the close.
SPX closes between 7,434 and 7,666
±1.53% (116 pts) from yesterday's close, the 1-standard-deviation move priced by VIX and weighted for today’s catalysts. Closes land inside it about 68% of the time.
Closed at 7,521 (-0.38%), inside the range
No direction lean today: days like this one closed above their open about as often as any other day.
Key levels
SPX points, highest first. Distance is from the prior close.
- +2σ expected move7,781+231
- 5-day high7,716+166
- 50-day average7,676+126
- +1σ expected move7,666+116
- 20-day average7,645+95
- Pivot R17,611+61
- Prior day high7,577+27
- Prior close7,550
- Pivot S17,456-94
- −1σ expected move7,434-116
- Prior day low7,422-128
- 5-day low7,350-200
- −2σ expected move7,319-231
Pro adds dealer gamma levels: call wall, put wall and gamma flip.
Market type
Expected move ±115.6 pts (1.53%), catalysts elevated
Volatility curve is calm (near-term below longer-term); options are priced close to recent movement; trend is downtrend.
- VIX
- 20.19
- 81th pct (1y)
- 20d realized vol
- 21.3%
- Vol premium
- -1.4
- VIX minus realized
- VIX curve
- contango
- 3M 24.6
- Trend
- Downtrend
- 20 vs 50-day
See the odds behind every call
Pro shows the full ‘days like today’ tables (gap, VIX, streak, trend, weekday) and dealer gamma levels from the live SPY option chain.
Days like today
2,750 SPX sessions over 10.9 years. Base rate: 54% of days closed above their open. Measured from the open, so the gap itself doesn’t count.
On the calendar today
With how SPX has moved on these days before
- Social: Economic data chatter 3× normal All dayEconomic data is 3× its usual share of index chatter (14 posts).
- CPI inflation 8:30 AM ETMoved SPX 0.84% on average · closed green 60% of 97 times · 1.05× a normal day
- Social: Fed & rates chatter 2.7× normal All dayFed & rates is 2.7× its usual share of index chatter (7 posts).
- Social: Oil & energy chatter 2.6× normal All dayOil & energy is 2.6× its usual share of index chatter (8 posts).
Stocks in play
Overnight filings, earnings reactions and the biggest movers
Nothing notable overnight.
Scorecard
Every call since launch, graded in public: 14 trading days