πŸ“Œ Originally published at shunya.trade β€” View with interactive charts & tools.
Shunya.Trade Options Engine

United States Market Pre-Market Analysis

April 23, 202609:00 AM LocalReal-Time Market Data
Gold (GC)
4,752
+0.42%
Nasdaq 100 (NQ)
27,000
-0.31%
S&P 500 (ES)
7,150
-0.30%
Silver (SI)
76.68
-1.56%
Dollar Index (DX)
98.74
+0.15%
Dow Jones (DJI)
49,490
+0.69%
Crude Oil (CL)
93.80
+0.90%
Natural Gas (NG)
2.82
+3.60%
Volatility Index — CBOE VIX
19.2% Moderate
Gold (GC)
Neutral
4,752
+0.42%
Intraday
Bullish
Daily
Neutral
Weekly
Bearish
Monthly
Bullish
RSI (58.4)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Buyers defend the 20-day SMA at 4,705 β€” the near-term trend structure remains intact. RSI at 58 holds above the 50-line, confirming the bullish directional bias without yet reaching overbought extremes. The MACD reading adds conviction to the long thesis β€” positive and expanding histogram with a bullish signal-line cross. Volume surges to 9.0x the 20-day mean β€” the tape is moving with purpose and broad participation.
Support / Resistance
Support4,101
Resistance5,405
Moving Averages
21-day SMA4,697
50-day SMA4,876
100-day SMA4,718
200-day SMA4,216
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 58.4 is well within the neutral zone, showing balanced momentum without extreme conditions.
MACD Analysis
MACD is expanding positively, highlighting that buyers are firmly in control of momentum.
Bollinger Bands
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.
Chart Pattern
Consolidation / Range-bound Structure
Fibonacci Retracements
LevelPrice
High (0.0%)5,405
23.6%5,097
38.2%4,907
50.0%4,753
61.8%4,599
78.6%4,380
Low (100.0%)4,101
Extensions
ExtensionPrice
Ext 1.13 (Up)5,575
Ext 1.272 (Up)5,760
Ext 1.618 (Up)6,211
Ext 1.13 (Dn)3,931
Ext 1.272 (Dn)3,746
Ext 1.618 (Dn)3,295
Trade Setup
Entry
4,752
Stop Loss
4,711
Take Profit
4,836
Risk / Reward
2.0
Neutral
Top Options Strategies
Iron Condor60%
Sell OTM Put Spread + Sell OTM Call Spread
Butterfly Spread60%
Buy 1 Lower + Sell 2 Middle + Buy 1 Upper
Calendar Spread60%
Sell near-term + Buy far-term (same strike)
Nasdaq 100 (NQ)
Strong Bullish
27,000
-0.31%
Intraday
Bearish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (91.8)Overbought
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The tape holds above the 20-day average (25,281), maintaining the positive short-term trend channel. The 92 RSI print warns of stretched momentum. Consider scaling out of directional longs or hedging with defined-risk structures. The MACD reading adds conviction to the long thesis β€” positive and expanding histogram with a bullish signal-line cross. At 0.2x average volume, the move is thinly traded. Liquidity gaps could trigger sharp reversals on any catalyst.
Support / Resistance
Support22,962
Resistance27,136
Moving Averages
21-day SMA25,237
50-day SMA24,989
100-day SMA25,278
200-day SMA24,806
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI is extremely high at 91.8 (Overbought), indicating price is extended and a pullback is likely.
MACD Analysis
MACD is expanding positively, highlighting that buyers are firmly in control of momentum.
Bollinger Bands
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.
Chart Pattern
Higher Highs and Higher Lows (Uptrend Structure)
Fibonacci Retracements
LevelPrice
High (0.0%)27,136
23.6%26,151
38.2%25,541
50.0%25,049
61.8%24,556
78.6%23,855
Low (100.0%)22,962
Extensions
ExtensionPrice
Ext 1.13 (Up)27,679
Ext 1.272 (Up)28,271
Ext 1.618 (Up)29,716
Ext 1.13 (Dn)22,419
Ext 1.272 (Dn)21,826
Ext 1.618 (Dn)20,382
Trade Setup
Entry
27,000
Stop Loss
26,737
Take Profit
27,525
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call66%
Buy OTM Call
Call Ratio Backspread66%
Sell 1 lower Call + Buy 2 higher Calls
Short Put (Cash-Secured)63%
Sell OTM Put
S&P 500 (ES)
Strong Bullish
7,150
-0.30%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (87.1)Overbought
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The short-term moving average at 6,839 holds as support, keeping the 20-day trend channel intact for now. Momentum oscillator at 87 enters overbought territory β€” the tape is stretched and vulnerable to profit-taking. MACD histogram remains in positive territory, underpinning the current directional move. Volume registers below average β€” the move lacks broad participation and is susceptible to reversal.
Support / Resistance
Support6,353
Resistance7,186
Moving Averages
21-day SMA6,830
50-day SMA6,810
100-day SMA6,864
200-day SMA6,728
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI is extremely high at 87.1 (Overbought), indicating price is extended and a pullback is likely.
MACD Analysis
MACD is expanding positively, highlighting that buyers are firmly in control of momentum.
Bollinger Bands
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.
Chart Pattern
Higher Highs and Higher Lows (Uptrend Structure)
Fibonacci Retracements
LevelPrice
High (0.0%)7,186
23.6%6,989
38.2%6,868
50.0%6,770
61.8%6,671
78.6%6,531
Low (100.0%)6,353
Extensions
ExtensionPrice
Ext 1.13 (Up)7,294
Ext 1.272 (Up)7,412
Ext 1.618 (Up)7,700
Ext 1.13 (Dn)6,245
Ext 1.272 (Dn)6,127
Ext 1.618 (Dn)5,839
Trade Setup
Entry
7,150
Stop Loss
7,094
Take Profit
7,261
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call66%
Buy OTM Call
Call Ratio Backspread66%
Sell 1 lower Call + Buy 2 higher Calls
Short Put (Cash-Secured)63%
Sell OTM Put
Silver (SI)
Neutral
76.68
-1.56%
Intraday
Bullish
Daily
Neutral
Weekly
Bearish
Monthly
Bullish
RSI (58.9)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
With price anchored above the 20-day moving average (75.44), the short-term trend channel favours continuation higher. The 59 RSI reading is comfortably above the midline β€” momentum aligns with the directional thesis. The moving-average convergence divergence oscillator supports the bull case β€” histogram expanding above the zero line. Heavy turnover at 18.3x average signals that the smart money is actively positioning. Conviction trade.
Support / Resistance
Support61.09
Resistance95.86
Moving Averages
21-day SMA75.29
50-day SMA78.65
100-day SMA77.77
200-day SMA60.70
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 58.9 is well within the neutral zone, showing balanced momentum without extreme conditions.
MACD Analysis
MACD is expanding positively, highlighting that buyers are firmly in control of momentum.
Bollinger Bands
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Recent volume spikes on down-days warn of active distribution and seller dominance.
Chart Pattern
Higher Highs and Higher Lows (Uptrend Structure)
Fibonacci Retracements
LevelPrice
High (0.0%)95.86
23.6%87.65
38.2%82.58
50.0%78.48
61.8%74.37
78.6%68.53
Low (100.0%)61.09
Extensions
ExtensionPrice
Ext 1.13 (Up)100
Ext 1.272 (Up)105
Ext 1.618 (Up)117
Ext 1.13 (Dn)56.57
Ext 1.272 (Dn)51.63
Ext 1.618 (Dn)39.60
Trade Setup
Entry
76.68
Stop Loss
75.32
Take Profit
79.41
Risk / Reward
2.0
Neutral
Top Options Strategies
Iron Condor69%
Sell OTM Put Spread + Sell OTM Call Spread
Butterfly Spread69%
Buy 1 Lower + Sell 2 Middle + Buy 1 Upper
Calendar Spread69%
Sell near-term + Buy far-term (same strike)
Dollar Index (DX)
Strong Bearish
98.74
+0.15%
Intraday
Bullish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bullish
RSI (28.5)Oversold
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price has broken below the 20-day SMA (99.05), shifting short-term structure to defensive. RSI has collapsed to 28, indicating capitulation-grade selling. Contrarian risk/reward is compelling if support holds. On the MACD, the fast line has crossed below the signal line with a negative histogram β€” confirming the bearish momentum shift. Quantitative screening across 31 structures identifies Long Put (58%) as today's top-ranked setup.
Support / Resistance
Support96.49
Resistance101
Moving Averages
21-day SMA99.08
50-day SMA98.78
100-day SMA98.52
200-day SMA98.52
Moving Average Signals
Bearish short-term cross (21-EMA crossed below 50-SMA) β€” Trend accelerating downward
Momentum (RSI)
RSI is extremely low at 28.5 (Oversold), suggesting selling pressure may have exhausted and a bounce is possible.
MACD Analysis
MACD histogram is negative and expanding, indicating sellers hold a strong momentum advantage.
Bollinger Bands
Bollinger Bands are tightly squeezed, warning of an imminent explosive directional price move.
Volume Analysis
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
Chart Pattern
Consolidation / Range-bound Structure
Fibonacci Retracements
LevelPrice
High (0.0%)101
23.6%99.66
38.2%99.05
50.0%98.56
61.8%98.08
78.6%97.38
Low (100.0%)96.49
Extensions
ExtensionPrice
Ext 1.13 (Up)101
Ext 1.272 (Up)102
Ext 1.618 (Up)103
Ext 1.13 (Dn)95.95
Ext 1.272 (Dn)95.36
Ext 1.618 (Dn)93.93
Trade Setup
Entry
98.74
Stop Loss
99.06
Take Profit
98.10
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Long Put58%
Buy OTM Put
Put Ratio Backspread58%
Sell 1 higher Put + Buy 2 lower Puts
Bear Call Spread55%
Sell Call + Buy higher Call
Dow Jones (DJI)
Strong Bullish
49,490
+0.69%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (82.5)Overbought
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
With price anchored above the 20-day moving average (47,539), the short-term trend channel favours continuation higher. Momentum oscillator at 83 enters overbought territory β€” the tape is stretched and vulnerable to profit-taking. The moving-average convergence divergence oscillator supports the bull case β€” histogram expanding above the zero line. Quantitative screening across 31 structures identifies Long Call (72%) as today's top-ranked setup.
Support / Resistance
Support45,057
Resistance50,513
Moving Averages
21-day SMA47,471
50-day SMA47,920
100-day SMA48,298
200-day SMA47,036
Moving Average Signals
Bullish short-term cross (21-EMA crossed above 50-SMA) β€” Trend accelerating upward
Momentum (RSI)
RSI is extremely high at 82.5 (Overbought), indicating price is extended and a pullback is likely.
MACD Analysis
MACD is expanding positively, highlighting that buyers are firmly in control of momentum.
Bollinger Bands
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Volume trend is balanced, showing no decisive edge for either buyers or sellers.
Chart Pattern
Higher Highs and Higher Lows (Uptrend Structure)
Fibonacci Retracements
LevelPrice
High (0.0%)50,513
23.6%49,225
38.2%48,429
50.0%47,785
61.8%47,141
78.6%46,225
Low (100.0%)45,057
Extensions
ExtensionPrice
Ext 1.13 (Up)51,222
Ext 1.272 (Up)51,997
Ext 1.618 (Up)53,884
Ext 1.13 (Dn)44,348
Ext 1.272 (Dn)43,573
Ext 1.618 (Dn)41,686
Trade Setup
Entry
49,490
Stop Loss
49,116
Take Profit
50,238
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call72%
Buy OTM Call
Call Ratio Backspread72%
Sell 1 lower Call + Buy 2 higher Calls
Short Put (Cash-Secured)69%
Sell OTM Put
Crude Oil (CL)
Neutral
93.80
+0.90%
Intraday
Bullish
Daily
Neutral
Weekly
Bullish
Monthly
Bullish
RSI (35.0)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Sellers have pushed through the 20-day average (97.65), signaling a deterioration in near-term structure. RSI at 35 lingers below the midline β€” momentum remains in the bears' hands, though not yet at capitulation levels. Momentum confirmation is bearish β€” MACD histogram negative and signal-line crossover pointing lower. Volume is running cold at 0.4x the norm. Without broader participation, the current directional bias is vulnerable.
Support / Resistance
Support61.87
Resistance119
Moving Averages
21-day SMA97.30
50-day SMA86.74
100-day SMA73.19
200-day SMA67.97
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 35.0 confirms strong selling momentum, though nearing oversold territory.
MACD Analysis
MACD histogram is negative and expanding, indicating sellers hold a strong momentum advantage.
Bollinger Bands
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.
Chart Pattern
Inverted V-Shape / Double Top Formation
Fibonacci Retracements
LevelPrice
High (0.0%)119
23.6%106
38.2%97.47
50.0%90.68
61.8%83.88
78.6%74.20
Low (100.0%)61.87
Extensions
ExtensionPrice
Ext 1.13 (Up)127
Ext 1.272 (Up)135
Ext 1.618 (Up)155
Ext 1.13 (Dn)54.38
Ext 1.272 (Dn)46.20
Ext 1.618 (Dn)26.27
Trade Setup
Entry
93.80
Stop Loss
89.60
Take Profit
102
Risk / Reward
2.0
Neutral
Top Options Strategies
Iron Condor59%
Sell OTM Put Spread + Sell OTM Call Spread
Butterfly Spread59%
Buy 1 Lower + Sell 2 Middle + Buy 1 Upper
Calendar Spread59%
Sell near-term + Buy far-term (same strike)
Natural Gas (NG)
Neutral
2.82
+3.60%
Intraday
Bearish
Daily
Neutral
Weekly
Bearish
Monthly
Bearish
RSI (51.8)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day SMA at 2.76 continues to act as dynamic support β€” price remains above it, reinforcing upside bias. With RSI at 52, the momentum profile supports continued upside. The oscillator has headroom before overbought levels trigger caution. MACD histogram prints positive, confirming the bullish impulse leg is intact. Low-conviction tape β€” volume at 0.2x average means the move lacks the sponsorship for sustained follow-through.
Support / Resistance
Support2.56
Resistance3.49
Moving Averages
21-day SMA2.77
50-day SMA2.93
100-day SMA3.57
200-day SMA3.47
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 51.8 is well within the neutral zone, showing balanced momentum without extreme conditions.
MACD Analysis
MACD is expanding positively, highlighting that buyers are firmly in control of momentum.
Bollinger Bands
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.
Chart Pattern
Consolidation / Range-bound Structure
Fibonacci Retracements
LevelPrice
High (0.0%)3.49
23.6%3.27
38.2%3.14
50.0%3.03
61.8%2.92
78.6%2.76
Low (100.0%)2.56
Extensions
ExtensionPrice
Ext 1.13 (Up)3.62
Ext 1.272 (Up)3.75
Ext 1.618 (Up)4.07
Ext 1.13 (Dn)2.44
Ext 1.272 (Dn)2.31
Ext 1.618 (Dn)1.98
Trade Setup
Entry
2.82
Stop Loss
2.77
Take Profit
2.92
Risk / Reward
2.0
Neutral
Top Options Strategies
Iron Condor65%
Sell OTM Put Spread + Sell OTM Call Spread
Butterfly Spread65%
Buy 1 Lower + Sell 2 Middle + Buy 1 Upper
Calendar Spread65%
Sell near-term + Buy far-term (same strike)
Market Search Previews
Key Takeaway
Watch pre-market futures gap for mean-reversion or continuation setups at the open.
⚠ Disclaimer: This analysis is for educational and informational purposes only. It does not constitute financial advice. Options trading involves significant risk of loss. Past performance does not guarantee future results. Always conduct your own research and consult a qualified financial advisor before making any investment decisions.