SPX currently sitting at 6873.01, and the setup's pretty interesting here. We're in positive gamma territory with puts trading rich compared to calls - that negative IV skew is telling. What this means? Dealers are probably absorbing most of the intraday chop, keeping things relatively calm. But here's the catch: the real danger zone is a sharp move lower that breaks through the gamma flip level. That's where things could get spicy fast.

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BearMarketLightningvip
· 12-08 18:54
Wait patiently for the bears to be wiped out
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ProofOfNothingvip
· 12-08 18:53
The risk point is at the downside breakout.
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0xSleepDeprivedvip
· 12-08 18:52
The sell-off is coming.
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SmartMoneyWalletvip
· 12-08 18:48
Be careful in dangerous areas
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BearMarketMonkvip
· 12-08 18:41
Be careful of breaking below the gamma point.
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TokenAlchemistvip
· 12-08 18:32
Low levels are prone to liquidation
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