The S&P 500 Index (SPX) is currently trading near key resistance levels around 6,200 to 6,250, with options market activity indicating a call-dominated gamma exposure. Net Gamma Exposure (GEX) has increased by 32% to $1.21 billion, reflecting bullish but increasingly saturated positioning. Market participants are observing high gamma exposures concentrated at major expiration levels or round strikes such as 6,000 and 6,200, with net gamma exposures exceeding +30,000 at some strikes. The index is facing call resistance and a zero days-to-expiration (0DTE) call wall at 6,200, while the key upside target is identified at 6,225, approximately 0.86% above the current spot price of 6,172. A zero-cost quarterly collar strategy involving JPMorgan Chase (JPM) options has been rolled to September 30, setting an upside ceiling near 6,500. The 0DTE straddle implied volatility is elevated, with notable negative gamma at the 6,205 strike, suggesting potential for increased options-induced volatility. Price movement is expected to remain within a range, with support near 6,150 to 6,130 and resistance around 6,250. Other equities such as Robinhood Markets (HOOD) and Oracle (ORCL) are noted for their strong technical setups, with HOOD potentially targeting 100 and ORCL expected to move above 220 toward 230+. Overall, the SPX market is positioned for limited upside with gamma headwinds and a possible breakout direction yet to be determined.