March 12, 2024 SPX, ES, SPY Trade Plan

Market Recap

Alright team you could almost say forget your trade plan for tomorrow cause it all comes down to CPI. No doubt that is true and a higher than expected CPI could spell trouble for the market, we want to draw up our key levels so after CPI we know what levels to paytiently wait and trade for.

How did we do today? Well from the trade plan we had the following ideas which netted us 20 pts…

1. Below 5125 target 5115

2. Below 5115 targets 5105

Additionally, we also provided an update in our trade plan to wait for 5090 and when it traded to take it long and we got exactly that targeting 5105 as we mentioned and then later in the day we told our team to go long at 5115 as a 0DTE lotto and we nailed that too for over a 100% return on SPX options.

All of these updates were provided in real time in our Discord server. If you are an existing subscriber and haven’t received an email on how to transition to Discord please email me at darkmattertrade@gmail.com. For the subject line please add “Access to Discord.”

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Here is an overview of the Gamma/GEX data we are seeing longer term…

• Customers are treating this market as positive gamma - buy the dips

• 5070 is immediate support level and then 5010

• 5100, 5150, 5110 are your top net GEX levels

• 5200 still has interest on it if revisited but will be major resistance

Here is what it looks like intraday or 0DTE…

• Intraday we are in negative gamma - sell rips

• 5160 is a pivot level intraday - above targets 5190 and below it 5025

With that let’s jump into our trade plan….

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My Trading Rules

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3/12 News Catalysts

Today’s highlights include CPI and the 10-year Bond Auction. Overnight the UK reports jobs data as well.

Economic calendar for 3/12

For more information on news events, visit the Economic Calendar

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