S&P500 Analysis, Key Levels, What to Look For!

Markets dropped hard today after Powell's testimony to the Senate where he stated that inflationary pressures were running higher than expected and that policymakers were open to raising rates higher than earlier expectations. We're now seeing about 53% chance of a 50bps hike later this month which was previously at around a 10% chance. Either way, we're continuing to watch how the options market is positioned which as of today looks to be a range of 3900-4200 on SPX.Want to connect with your host and other listeners of this podcast?Go to https://StockMarketOptionsTrading.net and join the community for free right now where there are daily posts about the clues to the where the market may be headed next. Want the support the podcast and interested in trading SPX weekly options?Come join me at https://www.patreon.com/VerticalSpreadOptionsTrading to get started. YouTube: https://www.youtube.com/stockmarketoptionstradingTwitter: https://twitter.com/OptionAssassin