📉 Puts Continue To Reign Supreme – 4200 #spx Key Downside Target

Good Morning. We only get one October 4th, 2023, so let's make it a great one.

Today's pre-market video offers insights into the SPX's structure through the lense of our unique dashboard. For a comprehensive understanding, not only should you watch the entire video linked below, but also review the pre-market notes available on our Discord server.

Here's a high-level overview:

SPX Closing Price (Prior Day): 4,229.46

• SPX PM-Complex: ITM/OTM put dominated; set to open below its transition zone, which is wide and loose

• SPX 0 DTE: ITM/OTM put dominated; set to open below its transition zone; ITM calls start at 4185

• SPX AM + PM Complex: ITM/OTM put dominated; set to open below its transition zone

• Market Trend Model: Downtrend on all time frames

~~~ (-) GEX is 4200 on all times-frames listed above ~~~

Upcoming Session Notes

Market Trend Model: TIK US

SPX (PM Settled) Dashboard

SPX (0 DTE) Dashboard

SPX (AM + PM) Dashboard

SPX (AM + PM) Landscape

Market Structure Heatmap and GEX Ratio

This Week at GammaEdge

• October 4 @ 8pm EST: Open Mic

• October 8 @ 12pm EST: Review of September's Book of the Month | The Marshmallow Test by Walter Mischel

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and your own research.