Market Commentary for Wednesday, September 24, 2025, by Peter Cook
Looks like we are holding steady overnight, which isn't too surprising given we were sitting on top of weekly VWAPs at the end of the session yesterday.
0DTE Gamma shows a lot of puts at 663 on SPY, heavy support. If it breaks, we could pull the same kind of move we did yesterday, straight down for a while.
Argentina is rising so far this morning on Bailout Hopes. Please keep this on your radar because these things are not that easy to fix once they start - back in 1995 it was a mess in Mexico when it happened and ended up costing the US and IMF a ton of money to fix. If the US has to spend a bunch of money, it could make rates go up or even cause a contagion. The IMF is saying "no thanks" to helping because this is about the 5th time Argentina has done this thing. Watch the Argentinian Peso over the next few weeks for signs of weakness.
Levels:
All the best;
Peter Cook
#NQ_F Chatroom Chief Moderator
Hamzei Analytics, LLC
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This email went out to Members at 0932 ET on Sept 24th.
