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187: This Week in the S&P500: SPX Levels, FOMC, and NVDA Earnings
Episode 18719th May 2026 • Stock Market Options Trading • Eric O'Rourke
00:00:00 00:06:23

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This week on the Stock Market Options Trading Podcast, Eric O’Rourke breaks down the current SPX market pullback, key support levels, upcoming FOMC minutes, and why Nvidia earnings could be a major catalyst for the broader market and AI trade.

Eric also shares how the recent uptrend has continued to favor SPX put credit spreads, how the Alpha Crunching 7-day strategy has been performing, and what traders should be watching heading into the summer market environment.

Topics include:

  • SPX support and resistance levels
  • Nvidia earnings and AI stock momentum
  • FOMC minutes and interest rate expectations
  • Zero gamma and put wall discussion
  • Trading SPX put credit spreads in an uptrend
  • Managing profits and pullbacks
  • Current market sentiment and positioning

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Inside Alpha Crunching you'll find:

  • Weekly SPX trade ideas
  • 0DTE TSE trade alerts
  • Backtested options strategies
  • Discord community & live discussion
  • SPX market forecasts and research

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