The S&P 500 Index (SPX) is currently positioned at 6,086, with bullish momentum and a positive gamma condition indicating stability and reduced volatility risk. Implied volatility (IV30) is recorded at 10.07%, down 7.07%, reflecting calm market conditions. The index is testing key resistance levels near 6,090, which aligns with the call resistance and gamma wall, with a significant breakout potential above 6,100. Conversely, put support has shifted higher to 6,030. Recent data indicates a decline in the 25-day risk reversal skew from 40% to approximately 25%, suggesting weakening demand for call options relative to puts. The current market dynamics also show a rising VIX, indicating increased volatility expectations. Traders are advised to monitor price action within the resistance and support levels of 6,100 and 6,020, respectively, as significant catalysts are required to breach the gamma wall.