http://Greeks.Live Community Daily Digest Published: 2025-04-01 Overall Market Sentiment Group sentiment is predominantly bearish to choppy, with traders expecting continued downside or range-bound price action. Key levels mentioned include 85-87k which needs to be reclaimed to invalidate the bearish bias, while most traders agree that no bullish levels have been reclaimed yet. Chop or Down - Technical Analysis • Most traders expect either choppy conditions or continued downside, with many suggesting to sell calls on bounces • Put skew has decreased slightly (0.33%) but remains elevated, with some warning against fading put skew in current conditions • Battle for trend is above the 85-87k level, with no significant bullish levels reclaimed, suggesting price is more likely to move lower • Current market characterized by fear in short-term, with one trader mentioning the worst scenario would be vol below 40 with a slow bleed