Hedge_Of_The_World

SPY at Critical Risk Off Gamma Zone

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
According to Spot Gamma, below 4,200 on the S&P is risk off. Let's see if the bulls can recover and get us back above this critical level, or if the bears hammer us lower and take advantage of the BTFD volume . We're sitting just above trendline support (in green), and MA supports just below (21EMA and 50DMA). If we see any real risk off moves today or tomorrow on Quad-witch, this light volatility could spiral into a full blown correction. It's about time...
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Comments

Thank you.
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@amiraras2009 Anytime buddy, thanks for the comment!
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Finally The Trendline Has been Broken 😕👍10% Correction is Not unreachable i believe 🤔
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Hedge_Of_The_World Financier_Guy
@Financier_Guy, Finally! Let's see if we get that gap down on Sunday night. Dare I say Limit down? Lol...
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Lol🤣
But i still believe this sharp move that we all are expecting wont happen until the Early July 🤔
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But In This Tradingvuew app you were the only one who said this Gonna happen all the time with fantastic Explanation.You are the best for sure and So Educated!
Welldone man Keep Goin😍
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Hedge_Of_The_World Financier_Guy
@Financier_Guy, Thank you, my friend! That's very kind of you to say. I appreciate it bro. Let's make some good money next week. :)
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@Hedge_Of_The_World Sure Dude.
lets Do It 😁🤘
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it's 4180 is it time for correction?? i guess soo
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@innocentBus5204 looks like it, let’s see if the 50DMA remains defeated at the close, and turns to resistance. If so, we could gap down hard on Sunday night, and next week May look worse than this week.
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