SPX Options Swing Model
No change in trend + bullish Gamma Divergence.
Gamma Profile (SPX):
Price could not take out yesterday’s pivot and even though we had potential resistance on the way, new pivot almost did not move, making it easier for price to continue rallying. It seems at this stage that it is not worth to jump against the market before pivot is actually taken out.
Note the acceleration after breaking out of resistance high.
Trend-change (Pivot) level at 4553 (SPX).
London GEX levels (ES Futures):
Note about overnight SPX options rare event. I think I have not seen this behavior ever before. Usually outer blue bands serve as great support/resistance during overnight. And so it also have done tonight until it completly flipped below price which quickly accelerated higher.