18d • 💬 General discussion
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)
- Open SPX in Gextron (search SPXW)
- 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
5
8 comments
SPX: the Hidden Boss of the Market 🧠
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