Bias: Cautiously bullish, buy-the-pullback into the final session of the quarter. Monday printed a clean bullish reversal, gapping up, flushing to 7,410, then grinding back to close near 7,500, which reclaimed the volatility inflection and flipped the dealer gamma index positive. With price above the 7,471 inflection and the 7,458 gamma flip, hedging is back in dampening mode, and positive gamma is now present at all strikes down to 7,000, a non-crashy setup. The vol crush into the three-day weekend is supportive of stocks as long as the data cooperate. Peak gamma sits at 7,546 and 7,561 (7,485 and 7,500 cash), the upside targets and likely cap for today, with 7,610 the major level into Thursday. The structure stays constructive while price holds the 7,441 risk-off trigger, and a sustained loss there flips the read bearish toward 7,410 then 7,361. Watch JOLTS at 10:00 AM, a midday quarterly collar roll near 1:00 PM that is best faded as mean reversion, and quarter-end rebalancing into the close. No entries before 9:45 ET, let the opening range form.
Resistance:
7,508 (40-day average, prior-week supply)
7,535 to 7,546 (retracement band, lower peak-gamma shelf)
7,561 (call-heavy resistance, 7,500 cash, the major upside target and likely cap)
7,573 (stochastic overbought)
7,610 (major level into Thursday, 7,550 cash)
Support:
7,481 (moving-average band)
7,471 (volatility inflection, 9-day average, pivot point)
7,458 (dealer gamma-flip line)
7,441 (risk-off trigger, bearish below)
7,410 (Monday reversal demand zone)
7,361 (put-heavy support, base of the range)
Primary Setup: Long the pullback. A controlled hold of 7,471 to 7,481 with firm internals targets 7,508, then 7,535 to 7,546, then 7,561, with a stop below 7,458 and a hard invalidation on a sustained loss of 7,441. A clean break and hold above 7,561 is the lower-conviction continuation entry toward 7,610. The alternate is a failure short only on a loss of 7,441, which opens 7,410 then 7,361. Do not chase strength into the 7,546 to 7,561 ceiling with no pullback, and do not chase the midday collar-roll spike in either direction, fade it. JOLTS today, the manufacturing survey Wednesday, and the jobs report Thursday into a holiday-shortened week are the catalysts that decide whether the vol crush holds or a spasm hits.
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info@algoindex.com, algoindex.com | Join our free trading community: facebook.com/groups/1256769122661043
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.