SPX Gamma AM

Good morning. Please check out the chart above for recent gamma levels/weightings. Most prominent gamma strike is located at 4600 (not in chart) with a total net gamma of 75MM, which means that big investors probably assume upward potential maxes out at this level. Dealer gamma now inverts at 4490 (down from 4495 Friday). Total gamma = 175MM.
Beyond Technical Analysis

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