We believe that strikes with high open interest in the SPX create support and resistance lines for ES Futures trading. Here is one prime example. At top is the morning note we sent to subscribers at at the bottom you see those levels noted in the Bookmap futures trading platform. Futures currently trade at a 10 point discount to the SPX levels, so our levels need to be adjusted accordingly. (ex SPX 2900 = ES 2890).
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