Dealer gamma improves to -262M on Monday. Support 3800, resistance 3950. A couple of minor option expiries starting tomorrow and the expiration of VIX options on Wednesday should provide some tailwind. Extended rallies should be capped by the Nord Stream 1 decision on July 22 and next weeks FOMC meeting.
fomc is always bullish it seems. perhaps since it eliminates uncertainty. so i would think fomc causes an extended rally.
wolffarchitecture
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tailwind down?/ tailwind up?
Rumpelstiltskin_
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@wolffarchitecture, Tailwinds are up and headwinds are resistance or down. Think of a plane, when the plane has a tailwind it moves faster and headwinds are resistance.