SPX: the Hidden Boss of the Market 🧠
Most traders watch ES, SPY, NQ or QQQ. But the real heavyweight is SPX options. The amount of option flow happens every comes from SPX. Why SPX Matters: - Biggest option flow - Market makers must hedge by buying/selling ES futures, and SPY - Because of 0DTE is daily, gamma and theta matter every single session - VIX comes from SPX options - Spillover effect: Moves in SPX often show up in SPY, QQQ, and IWM What do (simple daily routine) 1. Open SPX in Gextron (search SPXW) 2. Market key levels on SPX: - Support & resistance 3. Find PTrans & Ntrans 4. Set price target ranges 5. Watch VIX 6. Keep an eye on time on open, midday, final hour