$spy 📊 Intraday Market Update: Volume on the daily market is very volatile but isn’t exceeding any actionable thresholds yet. ⚖️
I’m staying patient and watching closely. Spot gamma is overwhelmingly negative, which also supports a downward open** for the market, particularly SPY. 📉🚨
This is a good example of why it’s important to look at multiple data points rather than relying on just one. While the **market tide may have suggested one sentiment, other tools—like out-of-the-money activity and **gamma exposure—are aligning with a more bearish outlook. In this case, gamma exposure is showing negative exposure, and out-of-the-money flow is reinforcing that, while market tide remains mixed.
When two tools align against another, like we see here, it’s often best to wait for confluence across multiple indicators rather than making a decision based on just one. 🔎📊
When there isn’t confluence across all tools, it doesn’t mean they’re conflicting—it simply means they’re measuring different aspects of market activity and providing unique insights. 📊🔎