Spot Close (10/09): 6735.11
Premarket (10/10): Watching open
📊 Grandma’s Bias: Based on Data, Not Feelings
Grandma isn’t your daddy. She’s a disciplined student of the data — and the data always tells the story. Here’s what it says today:
🧠 Key Observations:
- SPX closed at 6735.11, sitting right in the middle of major OI clusters.
- 6750 remains the dominant call wall — heavy call open interest makes this a likely area of resistance.
- 6700 is the put wall and Max Pain zone — dealers may want price to drift there by EOD.
- Massive call and put OI between 6725–6750 = Tug-of-War Zone.
- Above 6750, there is continued call OI buildup, but volume begins to taper off into 6800.
- Below 6700, the OI drops off significantly — less support if bears get traction.
🧭 Support & Resistance Zones (Based on OI/Volume Clusters):
| Zone | Bias | Notes |
| 6800 | Call Wall | Psychological resistance, heavy calls. |
| 6750 | Call Wall | Biggest magnet for sellers, tough ceiling. |
| 6735 (Spot) | Neutral | Currently in the “chop zone.” |
| 6725 | Support-ish | Mix of call/put volume. Critical decision area. |
| 6700 | Max Pain / Put Wall | Big pin area — price may gravitate here if no catalyst. |
| 6650 | Deep Support | Last line of put interest today. |
👵 Grandma’s Bias for Today (Based on OI & Price Location):
- 🟩 If SPX holds above 6725–6735, bulls could push for 6750+ retest.
- 🟥 If SPX breaks 6725, it opens the path to test 6700 (dealer pin magnet).
- 6750 is a wall, not a launchpad — price may struggle to hold above unless fueled by strong momentum or macro catalyst.
🧭 Summary:
Today is a range-to-pin day unless proven otherwise.
🎯 Resistance = 6750
🎯 Support = 6700
⚔️ Watch 6725–6735 zone for control.
Remember: Grandma doesn’t predict — she prepares.
🚨 Disclaimer:
This analysis is educational, not financial advice. Use your own judgment, price action, and risk management. Options flow is one piece of the puzzle — not the whole picture.