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$SPX - still trying to break > the 1 Period Daily 3 at 5563.17 and move to the higher targets at 5571.25; 5575.80 and 5588.22. So far level is pinned. That 1 Period Daily 3 is kryptonite. @NinjaTrader https://t.co/9XbAdbPqHd https://t.co/3KnfgnJMVQ
Its Deja Vu price action in #ES_F today as posted. 5604 was my target from the 5542 long Friday & big res. We hit it once this morning, dipped. Hit a second time this morning dipped. Now, coming for #3. No change. 5617, 5630 when ES is ready. same supports apply (68 must hold) https://t.co/FY6Wh9XIa4
$SPX -- Gamma // Charm 5585 at 13:00 Chicago time. JATS Daily 3 at 5588.22. To downside, 5540 Gamma Peak = current 60 Min 1. @OptionsDepth @NinjaTrader https://t.co/Khj3NGSFzz
Recent trading activity in the S&P 500 Index ($SPX) indicates a shift to negative gamma, which may lead to increased intraday volatility. Technical indicators are also showing bearish signals, with all Simple Moving Averages (SMAs) now negative. The gamma trough is noted at 5555, with daily resistance levels identified between 5560 and 5563. Current price action has been volatile, with the index attempting to break above key levels. As of July 22, 2024, the index is struggling to surpass the 1 Period Daily 3 resistance at 5563.17, while higher targets are set at 5571.25, 5575.80, and 5588.22. The trading environment remains cautious, with key support levels needing to hold to prevent further declines.