[02/03] SPX Weekly GEX Outlook

3 feb

SPX shifted into a strong sideways trend after recent market whipsaws, but premarket today saw a sharp sell-off.

Now, let’s break down the GEX levels set for Friday’s weekly expiration (first weekly expiry). These are already reflected in today’s GEX data—check them on your indicator!

COMMENT: This week, we’ve started updating our seamless GEX & options indicators before the market opens. This has been a long-standing request from users—especially 0DTE traders, who will likely benefit the most.


Key GEX Levels for SPX

📍 Highest Positive Call Wall (Call Resistance): 6075
Acted as resistance last Friday, as it often does initially.

📍 Sideways Zone: 6000-6070 (Transition Zone with GAMMA flip)
Wide Transition Zone → Expect high volatility or slow drifting within this range.

Easy flow between positive and negative GEX profiles, meaning potential sharp moves in either direction.

📍 Put Support (Sum 4DTE): 5900
Very deep support—market is clearly pricing in fear of a potential future drop.

📌Below 6000, there are only negative NetGEX strikes down to 5900, which signals a lack of strong support until that level.


What This Means for the Week

📊 SPX opened (gapped down) in negative GEX territory—if buyers don’t reclaim this zone, we are in for a highly volatile week, potentially with a spiking VIX.

🚫 No reason for bullish optimism unless we break above 6070—until then, expect uncertainty and potential downside pressure.

PS: FINAL GEX ZONE COLORING SHEET

10 feb

Trade chiuso: obiettivo raggiunto

02/10 NEW THREAD IS HERE