Big leg down complete? SPX analysis.

Hi everyone,

I have decided to post my SPX analysis once a week from now on.

We have lost 6% in SPX since the beginning of this year. That is the biggest drop in the last 12 month.

As we are entering huge demand zone of 4495-4529, I expect a decent leg up now.

Above:
4583
4613
4672

Below:
4529
4495
4437

With total gamma exposure (GEX) in the negative zone, expect big moves today.

As always, trade wisely and good luck!
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Disclaimer!!!
This is not financial advise