
The S&P 500 Index (SPX) is showing signs of volatility as it opened in negative gamma territory, close to the Put Support level. Analysts have noted that the expected daily move for the SPX is between 5,757 and 5,870, indicating potential swings below the support level. Key price levels to watch include 574, which is critical for the SPDR S&P 500 ETF Trust (SPY), as it recently broke below this threshold, with the next support level around 569. The market has been relatively quiet, consolidating around the 5,760 mark after a strong rally in August and September. The upcoming jobs report and earnings from major companies like Amazon (AMZN) and Apple (AAPL) are expected to influence market direction. Additionally, the SPX's Gamma Open Interest shows a CallGamma/PutGamma ratio of 0.76, with a Gamma flip point at 5,822, suggesting further fluctuations may occur.





$SPY if break below 272 then possible go down near 570.5 https://t.co/GtwJbacB4J
$SPY lets go down! https://t.co/wwUR7BPy8f
1/ The SPX opened in negative gamma, and close to the Put Support level. Since we are in negative gamma, you can expect wider price moves intraday. That can be confirmed by the wider 1Day Min Max which expect a possible swing below that Put Support https://t.co/QB61iuU2VB