SPX Options Swing Model
Today we have another bearish Gamma Divergence. As usual, during bullish trend it is not a signal itself but an indication of possible weakness at present or next session. Trend remains unchanged.
Gamma Profile (SPX):
Bears are getting closer to the pivotal level where bulls will capitulate. Remember that at pivotal points volatility will spike and after a break-down there will be opportunity to get in after pullback.
Trend-change level at 4527 (SPX).