Trading the Big Intraday Moves in SPX and NDX

2026-02-03 / John Carter

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It’s easy to get caught up in support and resistance levels — except on days where the markets could care less about said support or resistance levels. Rather than catching a falling knife, make sure you are watching this.

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John Carter

John Carter’s father was a Morgan Stanley stock broker. One day during high school, John came home from the mall where he was working at a store making cookies. He had saved up $1,000 over the course of a few months and his dad told him that he and some of his friends were going to buy “some call options on Intel” the next day. With his father’s direction, he bought 10 call options at $0.75, and sold them a few days later for $1.50, doubling his money. He was hooked and has been trading ever since—going on 25+ years now.