SPX AM Update

TVC:SPX   S&P 500 Index
Investors decreased gamma positions overnight by 226M to 294M gamma notional. Gamma inversion moved up from 4610 to 4650. Should we go lower from there 4600 would act as a major resistance.
Comment: !! We are about to hit gamma inversion. Brace for vol, watch VIX.
Comment: At 13:00 ET we have a 7Y note auction with possible impact on yields coming up.
Comment: Please switch over to the noon update.