Sidemarket SPX 2 May 2022

With the daily close of 1 May, with 80% confidence, we can assume that
SPX TOP is going to be around 4200
SPX BOTTOM is going to be around 4065


From Volume point, we can see that the POC is around 4150 area
From volatility point, we are in the 75th Percentile of HV, with an aprox daily movement of 1.46%, while current VIX is around 33 / sqrt(252) an aprox 2% implied daily movement.
So currently IV > HV, good moment to be a seller to benefit from overvalued option selling.

From the fundamental POV, news that can affect it
ISM Manufacturing PMI (Apr) , where the current forecast is bullish.

From the intraday mode, we can see as well we are in the middle ground(sidemarket)

I believe currently since is the beginning of the month, the overall sentiment that I have is sidemarket So an IC 4200/4050 can be a very safe bet with a very positive R:R