Weekly GEX, Technical Analysis For Stocks

Technical analysis & dealer positioning for SPY this week. (12/9/24)

The stock market showed weakness early Monday morning as the SPY and QQQ are down 0.37% and 0.70% respectively. Members were warned about a potential trap door going into the weekend as per dealer positioning over the next two weeks. Members also know not just where, but when this pullback is likely to end. We can see below that there is a great deal of call interest above the $600 handle on the SPY.

From a technical analysis standpoint we also failed to break back above the trendline going back to the 8/5 pivot low.

Meanwhile the IWM is showing relative strength vs. the Nasdaq & S&P, as forecasted for members as well as on the Carnivore Trades You Tube analysis from last Friday.

To get the full analysis with specific levels & dates where the market will put in the next tradeable pivot low, join us at account.carnivoretrades.com for exclusive access & membership plans.

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