[02/03] SPX Weekly GEX OutlookSPX shifted into a strong sideways trend after recent market whipsaws, but premarket today saw a sharp sell-off.
Now, let’s break down the GEX levels set for Friday’s weekly expiration (first weekly expiry). These are already reflected in today’s GEX data—check them on your indicator!
COMMENT: This week, we’ve started updating our seamless GEX & options indicators before the market opens . This has been a long-standing request from users—especially 0DTE traders, who will likely benefit the most.
Key GEX Levels for SPX
📍 Highest Positive Call Wall (Call Resistance): 6075
Acted as resistance last Friday, as it often does initially.
📍 Sideways Zone: 6000-6070 (Transition Zone with GAMMA flip)
Wide Transition Zone → Expect high volatility or slow drifting within this range.
Easy flow between positive and negative GEX profiles, meaning potential sharp moves in either direction.
📍 Put Support (Sum 4DTE): 5900
Very deep support—market is clearly pricing in fear of a potential future drop.
📌Below 6000, there are only negative NetGEX strikes down to 5900, which signals a lack of strong support until that level.
What This Means for the Week
📊 SPX opened (gapped down) in negative GEX territory—if buyers don’t reclaim this zone, we are in for a highly volatile week, potentially with a spiking VIX.
🚫 No reason for bullish optimism unless we break above 6070—until then, expect uncertainty and potential downside pressure.
PS: FINAL GEX ZONE COLORING SHEET
