So testing out (growing) into this Gamma Exposure concept (see: spotgamma.com) and what I gather from it is the market is now in a growing volatile state but that doesn't mean it'll sell up or down.
Rather, what I'm trying to do is look at where Gamma is positive because that's where Markets are supposed to have support and resistance (we will see how that prediction goes).
And this band is for July 19 (Monday):
Support: SPY @ 426
Resistance: SPY @ 435
So it could go either way, will get tent poled toward that direction, and we'll see if when it does if it pins to those positive gamma resistance/support levels.
I'm not trying to say it will move there within one day, but the day's direction will probably dictate how the week will trade.
Overall it looks like the SPY Gamma is very negative and we see a rising VIX so that seems to hold true.
Submitted July 18, 2021 at 03:18AM by DarthTrader357 https://ift.tt/3xNOBb7
