SPX Options Insight: Navigating the 5565 Max Pain Level

How Market Maker Positions Could Dictate the Next Major Move

The analysis of SPX options and max pain indicates market makers may aim to compress price action around the critical 5565 zone.

Key Points:

• Failure to sustain above 5700 with confirmation of the sell scalp trigger at 5639 targets a pullback toward 5565.

• Positive gamma exposure above 5700-5720 could accelerate bullish momentum as market makers turn into net buyers.

• High open interest between 5450-5550 marks a significant support zone.

• Negative gamma exposure below 5550 may trigger accelerated selling, enhancing downside risks.

We're closely monitoring these pivotal levels for actionable confirmation.

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