 Hello everyone welcome to options with Doug streaming live daily. I'm bookmap discord and the bookmap YouTube channel at 130 p.m. Eastern Time Before I get started I need to go through the disclosures general disclosure all book map limited materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations risk disclosure trading futures equities and options involves substantial risk of loss and is not suitable for all investors Past performance is not necessarily indicative of future results Here's my contact information The best way to get in touch with me is through discord on discord. My name is Doug P Also in bookmap discord. There's an options stash Doug chat channel That is a great place to post questions comments and content related to the Topics of my presentation as well as the topics of the channel that I'll go over in just a moment And I'm also on x formerly known as Twitter and my name there is at Doug plus and I would encourage everyone to consider joining bookmap discord if you have not already It's free and open to everyone Whether you subscribe to book map or not There's a lot of great content here. Also the stream in discord is at 1080p versus 720p max for YouTube so higher resolution stream in bookmap discord The focus of my presentation and the focus of the options stash Doug chat channel in Discord is options order flow The impact of options markets on stocks and futures and the influence of market maker hedging flow on price action And note that I focus on options because I think they're forward-looking. They're about Expectations where traders expect price to trade in the future I have a two-step process for trading and the first is Positional analysis so I look at how traders and market makers are positioned in the options market and How those positions change from day to day to develop a thesis regarding the expected trading range and Volatility for the day as well as a directional bias. So if the levels are shifting the key gamma levels open weighted gamma weight Open gamma weighted open interest if these levels are shifting higher for example That indicates to me that traders are looking for higher prices and they're positioning themselves and the options market For higher prices. So that's part of positional analysis And the second step in my process is execution And I look at real-time order flow in bookmap In real-time market maker hedging flow and spot gamma hero to confirm my thesis and for setups for entries and exits And when I talk about setups today, I will be talking about setups in an underlying asset That can be taken any number of ways for example the s&p 500 Setups can be taken with the s futures spy shares spy options spx options or even es futures Questions and comments are welcome and I will be watching both the option stash dug chat channel and discord as well as the Chat and youtube for your questions and comments So please feel free feel free to post and I'll do my best to answer your questions And hello, tony. Welcome glad you're here. Great to see you Here's my agenda for today What I want to cover today first of all news news items economic data events and earnings Then I'll go through my positional analysis Then I'll review some setups from this morning And then I'll take a look at the live market and when I get to the live market If anyone has any stocks they want me to take a look at please let me know and I'll be glad to do that All right, so let's get started with news items So first of all today ppi data came out And here's ppi data mostly Higher than forecast and also higher than previous Year over year month of or month core ppi month of or month year over year again mostly Greater than expected and greater than forecast All right tomorrow cpi comes out should be a higher impact report And could potentially cause quite a bit of market movement And that depends on how market makers are positioned Part of that depends on how market makers are positioned on the gamma curve tomorrow Whether that gamma notional remains negative or becomes more negative Than Than today so we'll take a look at that And just a couple of minutes. All right, so that's tomorrow cpi And then friday consumer sentiment at 10 a.m And most important for today after ppi the f1c minutes come out at 2 p.m So I'll stop wherever I am and we'll take a look at the market as the f1c minutes come out I'm not sure what that will add There were a lot of fed speakers out Yesterday with pretty dovish comments So we'll anyway, we'll stop where I'll stop wherever I am and we'll take a look at the live market to see if there's any impact All right, so that's data for today as well as the rest of the week All right now, let's get started with my positional analysis I'm going to start with the sp500 This is the es futures and book map And before I take a closer look at this chart, I'm going to take a look at a larger time frame I'm going to go to the spx. This is a 30 day one hour chart Showing price and key levels. So let's focus on price first this is the friday september 15th options expiration call dominated expiration and that's when the downtrend began and then this Recent rally began Really on friday Last friday with the jobs report. So price was turning a little bit higher and then rocketed higher On last friday as the jobs report was released And that rally Appears to Have hit a roadblock here at the around the upper weekly expected move Uh for this week All right, so those are the that's the price action Key options expiration and events Marking the turning points in the market All right, let's take a look at some of these levels now. First of all the dash purple lines Are showing the lower and upper weekly expected move That changes every week. That's a one standard deviation move So the options market expects The price to trade Within this range spx of trade within this range 68 percent of the time And that's just based on the options market that information should be available in any trading platform that has an options chain Right next the dash blue lines We're showing the upper and lower daily expected move And note that spx is trading within that range today So trading down below the upper daily and weekly expected move and above the lower daily and weekly expected moves All right, the dash red lines Are spot gamma levels. These are Proprietary spot gamma levels available to spot gamma subscribers. I'm going to point out the key daily levels So first of all 4200 is the put wall That's a strike with the largest net negative gamma that can be expected to act as support The next level up Is the volatility trigger At 4340 That is spot gamma's proprietary gamma flip level Below that level market makers position on the gamma curve is negative In a negative gamma environment market makers have to trade with price to hedge their delta exposure And that tends to enhance or increase volatility On the other hand above that level Market makers position on the gamma curve is positive In a positive gamma environment market makers have to trade against price to hedge their delta exposure And that tends to subdue or decrease volatility And note that is not exact so market makers position on the gamma curve at the beginning of the day According to the gamma notional was still slightly negative But so far really I would interpret gamma notional for spx as really somewhat neutral today The spot gamma gamma index was just above zero And that is actually what Brent at spot gamma looks at All right, so the next level up Is 4400 And that is the call wall the strike with the largest net positive gamma And that's also the absolute gamma strike. That's the strike with the largest absolute positive and negative gamma So that's a very important level Where most of the gamma weighted open interest is concentrated at least for today And note that absolute gamma strike did move higher from yesterday From 4300 yesterday to 4400 today Also, the volatility trigger moved slightly higher from 4325 to 4340 So the shift higher in the absolute gamma strike Was slightly bullish Interpreted I interpreted that as bullish All right, so those are the key levels Let's take a look at a one-day chart for spx so we can just focus on the levels that are in play for today So i'm showing actually two days worth of data here So this is yesterday spx did trade above the Upper weekly expected move Then moved sharply lower. I think there was news that came in came in around 1 p.m. Eastern time And then today that Upper weekly expected move act as re acted as resistance Right at the open And now spx is trending lower All right, let's take a look now at book map So in book map I have my own cloud notes And i'm showing spx levels So here's this 43 76 resistance level that was not shown on the spx chart This is something that is noted in the spot gamma am founders note and I add that To my cloud notes just above that is the Upper weekly expected move Shown with the dash purple lines again. That's for es Then I also have spy levels on this chart Here's the spy 435 volatility trigger And note now price is trading below that level And also down below the 43 50 level that is spx 43 50 So note there is a difference in price between es and spx And it changes a little bit every day. It tends toward zero Toward the end of the Toward the contract Roll over today. It's 32 So spx 43 50 is at es 43 82 All right, so the levels in play the main levels so support I would say yet to be determined But the resistance clearly At the upper weekly expected move For es just like spx In this 43 76 level just below that So clear resistance in the morning We'll take a look at setups in a few minutes and we'll see what options traders were doing as well as other players Shown here in book map So we'll get to that when we take a look at setups So those are the levels in play for today again key levels upper weekly expected move acting as resistance Shifts and levels I talked about shifts and levels higher for spx for the volatility trigger and absolute gamma strike And for spy the volatility trigger also shifted higher From 430 yesterday to 435 today And that's this level right here 435 All right, let's take a look at nasdaq now So here are the nq futures in book map And i'm going to take a look first of all at a qqq chart So I can isolate isolate the qqq levels So here's qqq. I'm showing a little bit of the Price action before the market showing all the concentration around of Price action and volume we'll see in just a minute around the 370 level 370 is the absolute gamma strike for qqq And note the Volatility trigger for qqq is at 369 And now price is trading below that level And 370 again is the absolute gamma strike I'm going to squeeze this in just a little bit to see this Combo level we'll see this on the ndx chart right here In just a moment. So this combo level combines qqq and ndx gamma weighted open interest And shows it in terms of qqq price here We'll see on the ndx chart that level is shown in terms of ndx price again. That's combining qqq and ndx gamma weighted open interest All right, let's take a look at ndx Always like to take a look at this just for completeness. So here's that combo level And just above that Is the call wall. Oops Not sure what I did there All right, let's try this again So here's this Combo level that I just mentioned on the qqq chart and just above that Uh Actually the combo level is above the call wall at 15,250 that is the that's a very important level for ndx That is the call wall and the absolute gamma strike That can be expected to act as As resistance as it did All right, let's go to book map now So here's a book map And again, I have my own cloud notes here There are the ndx levels. There's the 15,250 absolute gamma strike and call wall Acting as resistance And support for today yet to be determined So that um, again, just like the spx that resistance level very clear Uh level that you would expect to act as resistance did For both the smp 500 and nasdaq for the smp 500 upper weekly expected move and for Uh nasdaq it was the ndx Call wall acting as resistance This morning and again support so far yet to be determined All right, so those are the levels in play for uh smp 500 and nasdaq There were some shifts in levels for ndx volatility trigger shifted slightly lower And for qqq the volatility trigger shifted higher From 365 to 369 and the call wall shifted slightly higher from 372 to 373 All right, let me check for questions All right moro van. I hope i'm pronouncing that correctly Uh says hello. Hello moro van. Can you explain levels for gold market? I wish I could but there are no levels for gold Spot gamma does not provide levels for the gold market Um, just the uh, just the equity indexes and stocks all right, um Nice i'm ed I hope i'm, uh, sorry if i'm mispronouncing that. Hello from divi Hello from uh, north carolina for me first time here Do you have any start of video series to understand this type of charting to get started? Um, well for book map, there's a great Um, a very substantial great learning center. Just go to the book map Uh website and look for the learning center. There's a series of start of videos So just go to the book map website great information there. Uh, that should help you get started redis redis Redis, sorry Sorry if i'm mispronouncing ask me if I can take a look at bitcoin and sorry. No, I do not Uh, do not track look at or trade bitcoin um You can see what i'm Trading and what i'm going to talk about Right up here on my book map chart ES futures nasdaq futures and mainly the stocks that i'm going to look at are the large cap main large cap tech stocks the magnificent seven So this is what I trade what I look at and what what many other traders look at again ES and nasdaq futures All right, so sorry about that. Sorry. I can't provide any more information for gold or A bitcoin although when I do when I get to the Live market I can see if gld is included in In the list of stocks that support hero, all right, so uh If I forget maybe you could remind me and we'll take a look and see if gld is in there All right, let's take a look and see how market makers were positioned on the gamma curve at the beginning of the day I'd like to look at this every day. This will give me a sense of How market makers will react Uh, but potentially react to changes in price and applied volatility And also a sense of the Volatility for the day um In a very negative gamma environment, I expect Market makers to be trading with price and that tends to enhance volatility And then a less negative or even positive Gamma notional environment smaller trading ranges and Less volatility for the day So this is how market makers are positioned on the gamma curve at the beginning of the day And i'm going to look at gamma notional for spx spy And qqq. I generally don't look at gamma notional for ndx. It's not significant compared to the others note All these numbers are negative still Market makers gamma notional still negative at the beginning of the day, but less negative than yesterday All right, so again still negative, but uh less negative than yesterday What this indicates that more of the traders are long puts market makers are short puts And as price decreases they have to sell futures to hedge their delt exposure And as price increases they can buy back their short futures. That is a negative gamma environment Let's take a look at the vana model, which will take give us a graphical illustration of that i'm going to start with spx What this chart is showing is delta notional market makers delta notional On the vertical axis and how that changes changes with price On the horizontal axis there are two curves on this chart the light gray curve Shows how market makers delta notional Changes with changes in price only And the purple curve adds Implied volatility to the equation that's showing how market makers Delta notional changes with changes in price and implied volatility And that change in delta notional with the change in applied volatility is the Vana effect vana is a second order greek All right, let's take a look at some prices and spx has been falling all day Let's just take a look at Let's go back to the spx chart So the high day was at the upper weekly expected move Right around 43 76 So let's locate that on this chart So here's 43 76 Summer between these two lines So this is near the bottom of the curve indicating there was not much put vana fuel Left in the tank and i've talked about this every day how this put vana fuel has been diminishing Pretty much burned up since the start of the rally last friday So what this indicates that as price increases There's very little put vana fuel to fuel the move higher market makers Really don't have that many short futures to To buy back on the other hand If price decreases from here And implied volatility increases Market makers will need to sell futures to hedge their delta exposure. So this works both ways So this is what is going on today All right, let's take a look at current price spx right around 43 50 So that's right around here. So This arrow is a little bit exaggerated, but market makers again And this portion of the gamma curve Have to sell futures to hedge their delta exposure as price decreases and implied volatility increases All right, so that's the vana model for spx All right, let me check for questions And tony asked do you look at any smaller large cap stocks? 10 billion market cap Do you look at short floats or just options? So first of all, uh, I showed you again the stocks that I look take a look at apple amd amazon google meta microsoft nvidia tesla As well as the smb 500 futures. Although if you have any specific stocks, you want me to take a look at When I get to the live market, I will try and I'll take a look at those All right, so the second part of your question. I just look at Look at options So the stocks that I consider Or trade most often short float is not a consideration So a lot of people do look at that that's uh, just because I doesn't I I don't look at that doesn't mean it's not valid but You know, that's just something that I don't look at my timers pretty limited and I have understand how the stocks that I look at trade so that is You know, again, that's what I that's what I do all right russia kish Asked how to understand at which market condition which greek Should be traded and why? And also why spot gamma is important to trade um Well, I would say just watch my watch my videos So I'll show you why spot gamma is important to trade and as far as greeks go I I look at delta theta Primarily as the the primary greeks second secondary. I look at vanna and charm Ancient the architect asked you set limit orders when trading futures Uh, or you jump in at the opportunity. I definitely I use bracket orders when I trade futures So I have a a stop limit as well as a take Take profit Order so I use brackets with stop limits and take profit orders always when trading futures And more and more i'm just trading options rather than than futures Which I I really don't you know, you don't need a stop stop limit Stop order with with options Um, I use either buying options or buying spreads So those are all defined risk Or I I sell sometimes sell Spreads or iron condors also defined risk All right, let's take a look at the vanna model for spy real quick And then qqq and then we'll um Then we'll take a look at some setups to get to the market All right, so right now spy is trading at 434 So still pretty close to the uh the lower end of this vanna model here but indicating as price Continues to drop for example Market makers will need to sell futures to hedge their delta exposure So we saw that at the beginning of the day market makers position on the gamma curve was negative still negative And that's why we're looking at this portion of the vanna model this portion of the curve That is skewed upward to the left Let's take a look at qqq qqq trading around 369 So right around here Toward the lower end of the vanna model as well All right, let's take a look at some setups now and again the takeaway from this is that um Still looking for higher volatility, but less so than the Last few days as gamma notional has become less and less negative And market makers As far as a move higher The vanna fuel that was in the tank starting Last friday that helped fuel the sharp rally higher has pretty much been burned up At least according to the vanna models today All right, let's take a look now At some setups and i'm going to take a look at what options traders have been doing today This is the hero signal hedging impact real-time options This is available to spot gamma subscribers Hero stands for hedging impact real-time options So everything that we've looked for looked at so far has been static Information that I use in my planning based on gamma weighted open interest primarily Open interest is updated once daily sometime during the night And spot gamma provides Applies their proprietary algorithms to this data to derive the information that I just talked about that I use in my planning So now we're going to take a look at real-time information Uh in book map and spot gamma hero So this chart is showing price for spx with a white line and the hero signal For a combined signal for spx spy Xsp and es futures So this is showing options trades and market maker hedging activity Again for this combined signal All these major components of the sp500 And note this purple line is trending lower for the day Notional value is negative That's a minus 1.96 billion. So traders net are taking negative delta positions All right, let's Zoom in on this chart and we'll take a look at the setup from this morning So right here, this is the cash open at 9 30 am eastern time and note traders We're taking negative delta positions That flow shifted more negative Right around 9 50 note this alert this flow alert that came in If you weren't watching this was this was a good signal To get your attention All right, let's go take a look at the book map Focus on the morning So we know from the open that traders were taking negative delta positions from the open That we know before the open these two levels here upper weekly expected move and the spx 43 76 level acted as resistance 43 76 noted as resistance in the spot gamma am founders note that was out Uh, I think by 6 a.m. This morning Then at the open again, we saw that traders were taking negative delta positions At the open S&P 500 was back up at this resistance level larger traders Were selling this with iceberg orders iceberg orders they used to hide their size So they were selling this move higher this icon Below here show is showing iceberg orders. That's the on chart indicator It is obscured by the This green dot which is showing a buy stop order. We can see in the sub chart here This falling light blue line indicates Traders are selling with iceberg orders So we know that options traders are fading this move higher Then is With this third check of these levels Aggressive sellers start to come in You can see the shift To magenta volume dots the volume dots are showing market buy minus sell With a green dot shows more buyers than sellers And a magenta dot shows more sellers than buyers So aggressive sellers start to come in With this third test of the level Just around 9 50. That's about the time that alert came in And then Sell stop orders Help to feel the move lower And also cumulative volume delta shown by the dark blue line there Starts to shift lower as well so very clear indication in Book map as well as spot gamma hero Of a short setup Just darken up the heat map a little bit All right, so there's the short setup In the sb 500 Let's zoom back out And there was a slight move up As options traders took took positive delta positions, but that didn't last long Yes, reverse lower below vwap as Option that as traders negative Aggressive sellers came in shown by the magenta volume dots there So that reversal below vwap, which is shown with this Light blue line here. All right, so there's the setup in the sb 500 Nice gradual uptrend a downtrend And pretty nice deep pull backs for short entries All right, let's take a look at nasdaq Pretty similar pattern in nasdaq. Let's see what options traders were doing So i'm going to take a look at a combined signal For indy x and qqq I'm going to zoom in a bit so we can take a look at the morning And this was a very nice divergent short So note there was a sharp move higher at the open And options traders were fading that from the beginning And then price responded lower just a few minutes later As options traders were taking negative delta positions In nasdaq And price reversed at that 250 level so this chart is shown in terms of indy x price There's the 15,250 call wall Options traders were fading this move higher and then nasdaq reverses at the 250 level Let's go take a look at book map Focus on the morning here So here's the initial setup Just right after the cash open aggressive buyers Move price right up to the call wall level Price moves below the qqq 371 level As options traders were taking negative delta positions and then aggressive sellers come in So you can see the very clear shift From green volume dots on the way up To magenta volume dots on the way down That's shown with the cumulative volume delta here Also cell stop orders fuel that move lower So very clear divergent short set up Here was another opportunity Again a pretty clear shift in order flow. It took a while for that to play out Let's go back to hero Zoom out for the entire day. So up until about Say about 1145 This hedging flow was definitely Definitely bearish Then it shifted again around 1145 To bullish Still net negative for the day. That's number is negative negative notional value And price is not really responding To the options trades anymore at least Maybe starting to now, but so far Price has been trending lower Even though the options traders have been taking positive delta positions Let's go back to book map. Let's see who is in control So i'm looking at the sub chart here cumulative volume delta Right here right around here shifted from Positive for the day shown with the dark blue line To negative for the day shown by the dark the magenta line also Cell stop orders still helping to fuel the move lower And large traders net have been buying this move lower But this number is pretty small 125 positive for iceberg orders All right past 2910 Your comments are not appreciated Please move on All right, so that's nasdaq Let's take a look at some stocks now I'm going to go back to hero Start with apple So apple this this morning Short set up Then long set up Note this floor alert came in Pretty timely for a reversal lower All right, let's go take a look at apple And book map So just following the options market today Long short long Not a lot of movement in apple Let's go to amd Nice downtrend and amd here Let's take a look at hero amd So again a very strong correlation between options trades Hedging activity Let's see what traders are doing So they've been selling calls That shown by the Falling orange line Also the negative notional value They have been buying puts that activity seems to have Slowed down somewhat around 120 but still The blue line showing falling blue line showing Traders are buying puts notional value negative Sorry about this. This is not anything that I did. It's a Problem with hero All right, so options traders definitely in charge today for amd. Let's go back to book map And pretty deep pullbacks For short entries as traders take negative delta positions Again selling calls buying puts Note the shifts in order flow here at these turning points A lot of magenta volume dots there aggressive sellers come in All right, the next is google All right, let's take a look at hero. See what options traders were doing So amd good short And google was a good long in the morning Note the very timely flow alert here Drawing your attention to a potential long traders are taking positive delta positions Price breaches the 140 call wall key gamma strike in this case Right around just after 11 options traders take their foot off the gas And price moves lower This is a pretty typical pattern of a a bullish day when this hedging flow shifts from positive to negative or neutral Let's say at this point if you wanted to Either take profits Or sell a call spread or buy a put spread Just indicating that all price has to do is stay below that level That's a very good setup Again, this works mostly, you know, of course on a bullish day where there's bullish trade mostly takes place in the morning Up until 11 30 or 12 And then you can play this reversal Again, a very easy way is just to sell a call spread or buy a put spread And all price has to do is Stay below that level All right, so that's google Long and short The next is meta Meta has definitely been in play this week Note 3 30 is the call wall That was a price target if price continued higher All right, and another timely flow alert for a potential long As options traders were taking positive delta positions And note from this chart as options traders take their foot off the gas Start taking negative delta positions price moves lower Again, a very easy setup here is to buy a put spread or sell a call spread Let's go take a look at book map All right, google reverses right at 141 trend break Move lower as options traders take their foot off the gas Let's go to meta And I completely forgot about the FOMC minutes I'm sorry about that And that Really did not seem to have much of an impact It looks like now the S&P 500 has broken This downtrend and now starting to make higher lows But that started before the FOMC minutes At 2 p.m. And note that large Large traders were Starting to buy with iceberg orders before starting about 1230 That's shown by the falling rising light blue line You can also see the iceberg orders here in the sub chart He indicates executed They continue to buy So for example this icon indicates 1040 contracts were executed All right, then his price starts to move higher aggressive buyers coming in Showing by the green volume dots Rising CVD and then also now buy stop orders Showing by the rising yellow line as well as the This icon here with the small green dot fueling the move higher up to vwap And now the 435 volatility trigger All right, what kind of tack ask has hero reacted to FOMC? Let's take a look Let's go back to hero Take a look at the S&P 500 And yes But note the move started higher Really just between 130 and 145 Right around here And note this flow alert that just came in For the S&P 500 And those floor alerts sometime can indicate a turning point Reversion to the mean let's take a look here So here's the S&P 500 hero flow Let's just see what Traders have been doing in more detail today So the orange line is showing calls And the Blue line is showing puts So the call line was Really slightly negative until about noon 12 12 30 started rise traders started buying calls Sorry about that It's nothing I did Let's go back try again All right, then traders Have also been buying puts all day So this is pretty typical for the S&P 500 traders are Buying calls and buying puts And now they have started selling puts So spot gamma indicates that When the lines are moving in the same direction, this can be a pretty powerful indicator So right around 150 Before the minutes were released Traders started buying calls more aggressively They stopped buying puts And now started selling puts But again this started before the Release of the minutes And we saw on book map aggressive buyers coming in And also large traders were buying With iceberg orders as price moved down And that started before the Release of the minutes as well Let's take let's go back to total signal So there's that flow alert again Indicating can indicate a potential reversal Let's just see what zero DTE traders are doing. Sorry about that Scroll back out zero DTE shown with the the green line and that is uh Higher notional value much higher than the purple line So traders in the options that expire today are a little bit more Bullish than the options traders with a total signal Which is pretty much flat for the day Let's just go to the 30 minute look back period focus more on the Last 30 minutes a day. So this is before I was looking at the entire day Of data and now this is just looking at the 30 last 30 minutes like a 30 minute 30 period moving average all right, so this options trading Now looking at this a little bit closer Time period Fine or rolling uh smaller rolling window period looks like it is leveled off just a little bit Also the flow alert again came in Let's go back to the Let's go take a look at book map So it looks like now that SMB 500 found resistance at this cluster of levels here the SPX zero gamma level just below that the spy Volatility trigger level as well as VWAP and aggressive sellers came in buy stop orders And aggressive buyers fueling the move higher shown by the green volume dots And then aggressive sellers start to come in as options traders were taking negative delta positions And you're welcome got it kind of tack Yeah, I think hero is Is pretty unbelievable too. It's a great great indicator it's um What I really like to see with book map and hero is all the different players Smaller traders with stop orders larger traders with iceberg orders options traders and those various instruments that I talk about and determining who's in control and options traders Often have a very large influence on price when traders Buy and sell calls and puts and spx spy ES and xsp options traders Hedge those trades options market makers hedge those trades with es futures So that's why watching watching hero options trading and hedging activity is so important Let's take a quick look at nasdaq and then uh, then I'll have to wrap it up for the day my time is up Pretty similar reaction to nasdaq Move higher up to the qqq 370 level Price reversed and now maybe trying to move higher again We can just see what options traders are doing go back to the sp500 so far hero Continues to trend higher. Let's take a look at nasdaq and hero also continues to trend higher All right, sorry, I got to the uh, fomc a little bit late. I just got kind of wrapped up in questions and also Looking at setups. Anyway, I want to thank everyone for watching Thank you very much for your questions and comments And remember cpi today data tomorrow at 8 30 a.m. Could be a market mover So we'll talk about that tomorrow So again, thank you very much. Thanks for watching. Thanks for your questions comments and I will see you tomorrow. Bye