SPX Sits Below Massive Positive Gamma Resistance Wall at 6620-6640; line of least resistance is very soft support below 6600 all the way to 6545
If SPX 6620 gives way, there's no support until 6600 -- and even that is mighty thin
Update (0DTE) No. 1 : If you are long SPX, exit trades ASAP (ideal=6755) -- ocean of negative Gamma morphed into lake of positive Gamma
Ocean Of Negative Gamma Bodes Well for ES Futures, ahead of NY Open, Oct. 10
Update No. 3 (0DTE): Negative Gamma Ocean from 6725 to 6750, Oct. 9
Update No. 2 (0DTE): 6720 Fortress Holds -- Rally to 6740-6750 now in Play
Update No. 1 (0DTE): The 6720 Fortress and 6710 Safety Net, Oct. 9
Below 6740: The 6720 Magnet Trade (pre-NY Open), Oct 9, 2025
Customers are now massively short the SPX: Customers expect decline, or at minimum, NO rally
Solid resistance at 6755 to 6770; unstable (negative) gamma at 6750 -6745 -- odds favor a move to the downside, 0DTE
0DTE Update No. 1 -- Regime Shift to Extreme Negative Gamma Environment -- Sharp Moves Highly Likely, Oct 8.
The Bipolar Fortess: Trading the 6740-6745 Gamma Cage -- we watch this "pin" carefully after NY opens