07-18-2021, 10:18 AM
SPY - sell off or sideways. Thoughts
<!-- SC_OFF --><div class="md"><p>So testing out (growing) into this Gamma Exposure concept (see: <a href="https://spotgamma.com">spotgamma.com</a>) and what I gather from it is the market is now in a growing volatile state but that doesn't mean it'll sell up or down.</p> <p>Rather, what I'm trying to do is look at where Gamma is positive because that's where Markets are supposed to have support and resistance (we will see how that prediction goes).</p> <p><strong>And this band is for July 19 (Monday):</strong><br/> <strong>Support: SPY @ 426</strong><br/> <strong>Resistance: SPY @ 435</strong></p> <p>So it could go either way, will get tent poled toward that direction, and we'll see if when it does if it pins to those positive gamma resistance/support levels.</p> <p>I'm not trying to say it will move there within one day, but the day's direction will probably dictate how the week will trade.</p> <p>Overall it looks like the SPY Gamma is very negative and we see a rising VIX so that seems to hold true.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/DarthTrader357"> /u/DarthTrader357 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/omlsir/spy_sell_off_or_sideways_thoughts/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/omlsir/spy_sell_off_or_sideways_thoughts/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>So testing out (growing) into this Gamma Exposure concept (see: <a href="https://spotgamma.com">spotgamma.com</a>) and what I gather from it is the market is now in a growing volatile state but that doesn't mean it'll sell up or down.</p> <p>Rather, what I'm trying to do is look at where Gamma is positive because that's where Markets are supposed to have support and resistance (we will see how that prediction goes).</p> <p><strong>And this band is for July 19 (Monday):</strong><br/> <strong>Support: SPY @ 426</strong><br/> <strong>Resistance: SPY @ 435</strong></p> <p>So it could go either way, will get tent poled toward that direction, and we'll see if when it does if it pins to those positive gamma resistance/support levels.</p> <p>I'm not trying to say it will move there within one day, but the day's direction will probably dictate how the week will trade.</p> <p>Overall it looks like the SPY Gamma is very negative and we see a rising VIX so that seems to hold true.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/DarthTrader357"> /u/DarthTrader357 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/omlsir/spy_sell_off_or_sideways_thoughts/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/omlsir/spy_sell_off_or_sideways_thoughts/">[comments]</a></span>Kind Regards R