$SPY 0DTE Outlook: Stabilization or Another Leg Lower?
$SPDR S&P 500 ETF Trust(SPY)$ 0DTE premarket read 6/24
Yesterday was big gap-down / negative GEX.
Today the structure is trying to stabilize but we’re still sitting at the decision point.
Spot: 735.26
Gamma flip: 734.79
Pin: 740
Net GEX: +$378.8M
Range: 730–740
Key zone is 734.8–736.
Above 736 with acceptance → bulls can press into the positive GEX ladder: 737 / 738 / 739 / 740.
But 740 is the call wall / overhead ceiling. That’s where upside can start getting dampened.
Below 734 and holding → dealer behavior gets unstable again, and downside can open toward the 730 put wall.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
