In The Zones... Market Update April 2nd 2024

SPY 517 — key zone area here where if we start to see continued selling, we want to remain on the long vol trade for a move down to 510, at a minimum. If we start to creep back into a gap fill and close above 521 this week, I would invalidate the long volatility trade and hold off, again.

In fact, it could even be as wild as a break to the upside given …