Market Awaits Trigger 🎯
🔮 GEX (Gamma Exposure) – Options Sentiment Analysis
🔥 Gamma Hotspot at 533 – Dealers in Trouble Below
* SPY is sitting right on the highest negative NET GEX zone at 533.57, indicating heavy dealer long gamma exposure.
* If price holds above, dealers may stabilize the market — but if 533 breaks, the path toward 530 and possibly 519.92 opens quickly due to forced hedging.
📉 Call Walls Block the Path Above
* CALL resistance stacks from 536–538–540, with a gamma ceiling forming around 538, where net positive GEX peaks.
* Above that, 544–545 is a tough zone to reclaim short term unless a macro tailwind hits.
📊 Options Sentiment Snapshot:
* IVR: 44.2 → Volatility expectations are moderate but stable.
* IVx avg: 29.7, dropping –16.08%, suggesting traders are defensively positioned with volatility being sold.
* PUTs 96.8% → This is extreme — a highly bearish options environment, making SPY susceptible to gamma-induced plunges if price cracks lower.
🎯 GEX Flow Outlook:
* Below 533: Fast move to 530, then potential gamma landslide toward 519.92 and beyond.
* Above 536: Bulls need to reclaim VWAP and move toward 538+ to flip gamma positioning and trap short hedgers.
🕰️ 1-Hour Technical Analysis
Trend:
* SPY broke down from a rising wedge and lost EMA/VWAP support on accelerating volume.
* Price is hugging the lower channel support — breakdown is in play unless a fast reversal occurs.
MACD:
* Weakening with a bearish crossover — confirms downward momentum building.
RSI:
* Falling under 40 with no bullish divergence — sellers still in control.
Key Levels:
* Support: 533.5 → 530 → 519.92 → 485.26
* Resistance: 536 → 538 → 544.62
🧠 Final Thoughts:
SPY is teetering at a gamma tipping point. With over 96% of flow favoring PUTs, dealers are in a short gamma setup — and price under 533 risks triggering a cascade toward 530 or even 520 if broader indices follow.
However, if bulls can reclaim VWAP and 536+, a reversal squeeze could target 538 or higher.
Stay nimble — this is a GEX-powered market waiting for its next catalyst.
This analysis is for educational purposes only and does not constitute financial advice. Always confirm with price action and use proper risk management.
🔮 GEX (Gamma Exposure) – Options Sentiment Analysis
🔥 Gamma Hotspot at 533 – Dealers in Trouble Below
* SPY is sitting right on the highest negative NET GEX zone at 533.57, indicating heavy dealer long gamma exposure.
* If price holds above, dealers may stabilize the market — but if 533 breaks, the path toward 530 and possibly 519.92 opens quickly due to forced hedging.
📉 Call Walls Block the Path Above
* CALL resistance stacks from 536–538–540, with a gamma ceiling forming around 538, where net positive GEX peaks.
* Above that, 544–545 is a tough zone to reclaim short term unless a macro tailwind hits.
📊 Options Sentiment Snapshot:
* IVR: 44.2 → Volatility expectations are moderate but stable.
* IVx avg: 29.7, dropping –16.08%, suggesting traders are defensively positioned with volatility being sold.
* PUTs 96.8% → This is extreme — a highly bearish options environment, making SPY susceptible to gamma-induced plunges if price cracks lower.
🎯 GEX Flow Outlook:
* Below 533: Fast move to 530, then potential gamma landslide toward 519.92 and beyond.
* Above 536: Bulls need to reclaim VWAP and move toward 538+ to flip gamma positioning and trap short hedgers.
🕰️ 1-Hour Technical Analysis
Trend:
* SPY broke down from a rising wedge and lost EMA/VWAP support on accelerating volume.
* Price is hugging the lower channel support — breakdown is in play unless a fast reversal occurs.
MACD:
* Weakening with a bearish crossover — confirms downward momentum building.
RSI:
* Falling under 40 with no bullish divergence — sellers still in control.
Key Levels:
* Support: 533.5 → 530 → 519.92 → 485.26
* Resistance: 536 → 538 → 544.62
🧠 Final Thoughts:
SPY is teetering at a gamma tipping point. With over 96% of flow favoring PUTs, dealers are in a short gamma setup — and price under 533 risks triggering a cascade toward 530 or even 520 if broader indices follow.
However, if bulls can reclaim VWAP and 536+, a reversal squeeze could target 538 or higher.
Stay nimble — this is a GEX-powered market waiting for its next catalyst.
This analysis is for educational purposes only and does not constitute financial advice. Always confirm with price action and use proper risk management.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.