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@CheddarFlow @grok what exactly does that mean, explain in detail

@CheddarFlow Calls it is

@CheddarFlow 760 looks more like a volatility pivot than a floor while net GEX stays negative. If spot loses it, dealer hedging could accelerate the move instead of cushioning it.

@CheddarFlow Yep; gap-up with the 760 put wall dropping usually means the initial "sell the spike" bid got absorbed. Until SPY starts accepting out of the 763.5-777.8 box on closes, it's still mean-reversion, not a real trend shift.

@CheddarFlow Literally doesn't matter, never going there ever

@CheddarFlow x.com/Alimasubway/status/20922…

@CheddarFlow That $2.1B put wall at 760 makes it the key battleground. Holding above it could reinforce support and extend the gap-up; losing 760 may turn that wall into a downside magnet. Elbow Theory™ still says: wait for confirmation. $SPY Mr. May

@CheddarFlow This whole market is being suppressed until $NVDA earnings….the $VIX for the indices is silent while individual names are soaring and getting nuked

@CheddarFlow genuine question since books disagree: is the $2.1b open interest or today's volume, full chain or front expiry? my close map still has spy's biggest wall right at 765, flagged as a trapdoor, spot finishing 764.94 basically on the flip at 764.57.

@CheddarFlow What should we take from this ?