Expected Key Points SPX/ES 11 May 2022

SPX/ES 11 May 2022

The current implied volatility is at 32.11%/year
So that converted into daily is 2.02%

The opening price was on 3991

So based on that our
TOP 4070
BOT 3910
This channel has a 87% change to sustain based on the last 1048 candles

At the same time with 85% we can affirm that the price is going to be above
TOP 4000
BOT 3980

From fundamental point, today we have CPI release and this marks a huge volatility moment
From volume point, current POC is around 4000

We can expect now with close to 74% that the market is going to end up between
TOP 4000 - 4071
BOT 3910 - 3982