$SPY just cleared $774 — up 0.66% at 2PM — and broke the lower-highs sequence that's held since July. The last recovery stalled at $773.97 on September 22. We're through it intraday. Now the close matters.
The record is $4.56 away at $779.30.
Options surface flipped from -$4M at 10AM to +$1.22B by 2PM — the strongest print since post-witching Monday. Net call premium hit $730M (74% calls). No afternoon fade. Every reading built through the session.
Gamma structure: Over $1.5B of positive gamma stacked between $775 and $787. The record sits inside that range. Next magnets are $775 (+$303M), $780 (+$225M), $785 (+$309M). Below $770, negative gamma starts: $767 (-$122M), $765 (-$53M).
On September 10, with $SPY at $757, our models called for all-time highs around the week of October 5. $QQQ got there Friday. $SPY is $4.56 away on day one of that week.
Cold PPI signal, day 17 of 20: $SPY +2.23% from the September 10 close, versus the +1.22% average. Three sessions left in the window.
$774 is now support. $775 is the next magnet. $779.30 is the record. Ceiling cleared intraday — the close decides.
The record is $4.56 away at $779.30.
Options surface flipped from -$4M at 10AM to +$1.22B by 2PM — the strongest print since post-witching Monday. Net call premium hit $730M (74% calls). No afternoon fade. Every reading built through the session.
Gamma structure: Over $1.5B of positive gamma stacked between $775 and $787. The record sits inside that range. Next magnets are $775 (+$303M), $780 (+$225M), $785 (+$309M). Below $770, negative gamma starts: $767 (-$122M), $765 (-$53M).
On September 10, with $SPY at $757, our models called for all-time highs around the week of October 5. $QQQ got there Friday. $SPY is $4.56 away on day one of that week.
Cold PPI signal, day 17 of 20: $SPY +2.23% from the September 10 close, versus the +1.22% average. Three sessions left in the window.
$774 is now support. $775 is the next magnet. $779.30 is the record. Ceiling cleared intraday — the close decides.
