Expected Key Points SPY 11 May 2022

SPY 12 May 2022

The current implied volatility is at 32.6%/year
So that converted into daily is 2.05%

The close of yesterday was 392

So based on that our channel for today is going to be compressed within
TOP 401
BOT 385
with a probability chance of 86.1% based on the last 1049 candles


From fundamental point, today we have
PPI and initial jobless claims releases and these mark a huge volatility moment
At the same time the current values are expected to be bearish.