For the week, the option implied move in the SP500 is + / - 49 points.
Weekly Trends remain Down and Daily Trends have rebounded to Up, so I would say we are at a directional infection point heading into next week's holiday period in a traditionally positive seasonal environment.
As always, we will look for mechanical trade to target and test the Weekly Magnets early-on to establish bias.
It's a quiet week for known catalysts as Earnings Season winds down apart from the usual Trump-Tariff-Talk and Fedspeak.
Levels to watch.
All the best,