Reading the session · Episode 6
US500, Friday Oct 30, 2026: how we read the day
Play the video · 3:33The US500 opened 85 points under Thursday's close, with the VIX up. In the morning the VG_GEX walls held at the first test: at 09:36 price dropped to 7617.02, on the 7616 wall, and climbed back to 7637.50; at 10:23 it reached 7600, the heaviest wall near price, and bounced up to 7624.86; at 10:41, from below, it touched the 7624 wall and the bounce stopped there. Our reading: at that first test of the wall above, a put on SPX, with price under the VWAP and SPX under its 5-minute EMA 21. The 7620 put expiring that day, bought at 15.4: the risk is the premium paid, no stop, and we let it run as long as SPX stayed under the EMA 21. At the second test, at 11:38, 7600 gave way; at 12:48 price left the day's expected move, under 7584, and fell down to 7527.45 at 14:53. At 15:10 SPX closed a 5-minute bar above the EMA 21: out, with the put at 64.2.
A reading of a past session, not a signal and not a trade suggestion. Walls are model estimates. Points are hypothetical; past results do not guarantee future ones. Risk disclosure ↗︎
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Friday in one look
US500, Friday, October 30. Our reading: plus forty-eight points. Let's see how we read the day, and why.
One note: languages are dubbed automatically, so the voice may sound a bit odd.
The day
On Friday the US500 opens at 7635, eighty-five points under Thursday's close, and the VIX goes up. In the morning price bounces on the levels; then it falls for most of the day, down to 7527, at 2:53. Into the close it climbs back to 7581.
First tests hold
In the morning the VG_GEX walls hold at the first test. At the open price drops to 7617, on the 7616 wall, and climbs back to 7637. At 10:23 it reaches 7600, the heaviest wall near price, and bounces up to 7625! At 10:41, from below, it touches the 7624 wall: and there the bounce stops.
Our reading
The reading: at the first test of the wall above, we buy a put on SPX. Price is under the VWAP, and SPX is under its five-minute EMA 21. The 7620 put, expiring today, costs 15.4 points: the risk is the premium paid, with no stop. And we let it run as long as SPX stays under the EMA 21.
Letting the put run
Price falls. At 11:38 it's back on 7600: at the second test the wall doesn't hold anymore. At 12:48 it leaves the day's expected move, under 7584, and keeps falling down to 7527. All along, SPX stays under the EMA 21. At 3:10 it closes above it: we're out, and the put is worth 64.2. Plus forty-eight points of premium, after costs.
The tally
The tally for Friday: the put bought on the 7624 wall, plus forty-eight. In total, plus forty-eight points of premium.
How we read it
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