Markets Cant Move Above Volatility Trigger
Updated
Markets had to hold 2920 to break the volatility cycle from last week. Under that level market makers will amplify and selloff. The fact that the market buyers couldnt overcome just a bit of dealer selling isn't great. FOMC minutes Wednesday and Jackson Hold starting Friday.
Trade closed: target reached
FOMC minutes tomorrow. Followed by Jackson Hole Fed speak on Friday. No market opinion until then. Dealer gamma is zero, so currently have no edge.
$SPX $SPY Options Gamma Modeling
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