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!
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