$SPY Pre-Market Thots 7/22 via /r/wallstreetbets #stocks #wallstreetbets #investing


$SPY Pre-Market Thots 7/22

If my thesis continues to be correct, we might see some weakness today. Would not be surprised to stay a bit elevated today then sell a bit after lunch. Gamma Exposure shows some pretty solid support at 432-433 and solid put wall at 430.

If we happen to close above 435, we could see fireworks via gamma squeeze!

This is short term Gamma that expires within the next 4 days so keep that in mind. Also must keep in mind that since today is Thursday, there are no option expiration today. Never a bad idea to take profits off the table, you will never blow an account up taking profits.

https://preview.redd.it/u7iuqreqjrc71.png?width=1755&format=png&auto=webp&s=2342207072843c06ef7f3a00e0ec1ca6f680ffa6

Submitted July 22, 2021 at 03:09PM by ES_F_King
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