Summary
The S&P 500 reached new all-time highs, indicating a bullish trend in broad indices with positive gamma exposure concentration rising above the 6050 level. The market is currently in a 'buy the dip' environment, with strong indices, particularly the S&P index near its limit, suggesting a potential uptrend and new highs. Amazon had a successful day with high volume at the 208 level, and the largest gamma exposure is at 210, hinting at further consolidation possibilities.
Market Update
The market made new all-time highs with the S&P 500 closing above yesterday's open price. The dealer cluster Zone has gone up to 6150, showing bullish trends in broad indices.
Positive Gamma Exposure
Positive gamma exposure concentration is growing, indicating more room for growth if above the 6050 level. There is a 'buy the dip' environment with large positive gamma exposure.
Indicator Perspective
Indices are strong across the board, particularly the S&P index, which is near the top of the indicator limit. The uptrend may continue higher, with potential for new highs.
Gamma Dealer Cluster Zone
The gamma dealer cluster zone matches the top Kelner Sean and indicates hitting nearly 100,000. There was selling pressure bringing the price down to just below 92,000, a support level.
Amazon Analysis
Amazon had a big day with significant volume coming in at the 208 level. The largest gex is at 210, suggesting further consolidation for potential exposure.
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