WMT Approaching Key Resistance! Will It Break Above $90?

🧠 Price Action & Market Structure:
WMT has made a powerful push off the $84 demand zone after forming a CHoCH reversal and strong impulsive candles. The 1-hour chart shows a clean breakout from the falling wedge structure, confirming bullish intent. Price is consolidating inside a smaller green SMC supply zone just under $89. Watch closely for either a clean break above $89.11 or rejection from this level.

🔍 Key Support and Resistance:
* Immediate Resistance: $89.11 (local high)
* Next Resistance: $90.00 psychological + Gamma wall
* Support 1: $87.00
* Major Demand Zone: $84.00–$85.00

📈 Indicator Insights:
* MACD is neutral after prior bullish momentum.
* Stoch RSI shows slight cooling, nearing midrange after previously being overbought.
* EMAs are stacked bullishly with 9 EMA above 21 EMA – trend remains intact.

📊 GEX (Options Sentiment) Breakdown:

* Highest Positive GEX: $90.00 — CALL Resistance / Gamma Wall
* Highest Negative GEX: $91.00 — PUT Wall

* Options Flow Sentiment:
* IVR: 58
* IVx avg: 29.5
* GEX: 🟢🟢🟢 (very bullish)
* Put/Call $ Flow: Only 0.2% in PUTs — very bullish

📌 Trade Scenarios:
Bullish Breakout:
* Entry above $89.20
* Target: $90.50 → $93
* Stop Loss: Below $88.25
Rejection Play (Fade Gamma Wall):
* Short from $89.00–$90.00 if candles weaken
* Target: $87
* Stop Loss: Above $90.50

🔮 Outlook:
WMT is showing strength and positive sentiment in the options chain. As long as $87 holds, the bias remains bullish. Break and close above $90 could lead to gamma squeezing toward $92–$93.

⚠️ Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk accordingly.