GEX: Positive Price above Gamma Flip Point - decreased Volatility Structure of Gamma: Mostly negative, spread across multiple strikes Expected Range: 3991 - 4077 Most probable end-of-day outcome: Price close above most negative gamma spikes (3990, 3940, 3840). Therefore Key Support is at 3940.
Yesterday's session was skyrocketing and honestly despite observing incoming Supply to the market near Resistance, price reacted weak to this area and after couple of hours continued to increase. As the result, we fulfilled most probable end-of-day outcome, but plan wasn't met accordingly to my expectations. Well, this is market magic 🙂
For today's session, we have similar expected end-of-day outcome where Support at 3940 is below bottom level of expected trading range at 3991. In general, on 3990 we see gamma spike, so this level works as significant support too. After climbing up, any supports are much lower than level of current price so seems the market can start shifting into Bullish sentiment. It's too early to confirm that, but something is happening. Let's keep observing.
From Resistance perspective, we have spike at 4040. Plan for today's trades I marked on second chart attached to analysis. Good luck!
Hello! Where can you download the indicators you use here? I couldn't find it in the database, could you send it in a message?
skyline-trader
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@wallstreetfarkasa, I am not allowed to share external sources but links are visible on my profile status and in signature ;) When you enter my profile page on TradingView, you will see my scripts as well. In case of questions, you can DM me