Will the Dow Finally Break out of Gamma?

with No Comments

Yesterday, the Dow rebounded from key support levels. If it keeps that momentum, it may very well close above the 18125 gamma level soon, which would in turn trigger a bullish stance towards the all-important 18400-18500 level.

There will be, of course, a few hurdles along the way that it will first need to clear before getting there (such as the early March high), but 18400-18500 is the key level that we will have our eyes set on if/when the current gamma level is cleared.

As usual, we will keep you posted!

Click here to join our free mailing list for a taste of our unique market insight/foresight. To join our premium newsletter and receive our premium content, send us an email from the “contact us” page here and we will send you the subscription link with all the details.