Looking at $QQQ 0DTE gamma structure here. Price magnets tell you where dealer hedging flows will push or pull price as expiry approaches.
Key level to watch: $690.63. If we reclaim that, the path opens toward $700. That's your next magnet.
Why it matters: Heavy gamma concentration at strikes creates reflexive flows. Dealers hedge in the direction of the move, amplifying momentum. Below $690.63, you lose that pull. Above it, $700 becomes magnetic.
Structure is simple: reclaim confirms, failure invalidates. Watch how price respects these levels into the close.
Key level to watch: $690.63. If we reclaim that, the path opens toward $700. That's your next magnet.
Why it matters: Heavy gamma concentration at strikes creates reflexive flows. Dealers hedge in the direction of the move, amplifying momentum. Below $690.63, you lose that pull. Above it, $700 becomes magnetic.
Structure is simple: reclaim confirms, failure invalidates. Watch how price respects these levels into the close.
