On March 24, 2025, the S&P 500 Index (SPX) experienced a notable upward movement, gapping up approximately 70 points, attributed to positive news regarding tariff relief. The index closed at 5667, situated within a volatility zone defined by strong dealer hedging between 5600 and 5700. Analysts indicated that a break below 5600 could trigger selling pressure, while clearing 5830 might provide relief. The following day, March 25, SPX continued to show positive momentum, with futures gapping up 9 points, indicating a potential test of the 5800-5832 range if market dips support above previous highs. Key stocks such as Advanced Micro Devices (AMD), Tesla, Inc. (TSLA), and MicroStrategy Inc. (MSTR) also showed significant movements, with AMD reaching a target of 112.80 and TSLA building an intraday flag under the 275 level. The market remains in a negative gamma zone, which could lead to volatile price actions as traders navigate through dealer hedging dynamics.