$SPY Pre-Market Prep: Gamma Goal Posts!

Added: 2026-05-13

[00:00:00]Hey folks, ET here, coming at you with the premarket prep. So, let's get to it.

[00:00:04]All right, a little bit of volatility today, some nice moves, which we like to see. Early on, that bearish flow, plenty of convergence, then that waned and went away for pretty much the rest of the session, and that's what we got to see that contrary price move there on SPY.

[00:00:20]And we also saw call flow going up, which was just driving that as well with that lack of convergence. We finished with a red decks.

[00:00:30]So, let's jump in next to our customer sentiment and our whale targets.

[00:00:34]Customers are still in buy the dip mode, which they did today. Lowest target is now 730. It was 700 last night. Upper is 740, so a tighter range. And then we've got some support at 733. We're above that, obviously, right now in the overnight session at 737.

[00:00:52]Jumping into our dark pools, 30 prints at 739.1. Mark that on your charts as an important point of price contention. And our largest on the agg still sits here at 712. 738 is now uh our highest on the agg, and that's about where we finished last night. So, didn't walk up too much there. Mark all these on your chart as important points of price contention or use the bot ping like I do. All right, jumping into our gamma. Our agg has a wide open range from 734 to 745 headed into tomorrow. Biggest pull on the board is 740. Next is very far away from price at 710, so we're going to put an X on that unless some crazy stuff happens.

[00:01:36]So, 734, a loss of that for the bears down to 730. All right, so we'll keep an eye on that range there if there's any bearish moves, and then a hold of 734 and 733 at that positive gamma cluster there up to 745 if we see bullish flow and bullish moves. Pretty simple there.

[00:01:55]Now, let's jump into our daily tomorrow, 5:13, then get everybody out of here.

[00:02:01]So, the daily, little bit of a different look right here. We've got a positive gamma cluster from 7:38 to 7:40. Bulls are going to want to see it get past all of that to get into 7:44. Bears opposite. They do not want to get past any of this.

[00:02:17]They want to reject away repel as positive levels do. They want to repel down into that 7:30, which we did not tap today. Some opposing pulls here. We have a little bit at 7:37, a little bit at 7:42, which is just about equal, and then a very low pull down here at 7:25.

[00:02:36]We won't worry about that quite yet unless we see a really bearish day. So, right now, 7:30 7:39 to 7:40 range and then up into 7:44.

[00:02:47]Mark these on your charts. Those are very prominent-looking positive bars, so we have a good eye for a range tomorrow depending on flow. All right, that is all for now. Everybody have a good night. Stay safe out there and go get that Oprah money.