[04/22] 𝟬𝗗𝗧𝗘 𝗦𝗣𝗫 𝗚𝗘𝗫 𝗥𝗲𝘃𝗶𝗲𝘄

Contextual Thinking:
Yesterday’s sharp drop was fully bought back — for now. We're currently at a call resistance level, so the down move may continue today.

Gameplay:
Below 5205, I lean towards being cautious or outright bearish. A hypothetical selloff could intensify below 5170 (Gamma Flip level).
I'm definitely not targeting below 5100, but based on the current options pricing, the market seems to be pricing in 5100 — yesterday’s low — as the most pessimistic scenario.

Caution:
Given the significant intraday swings over the past 24 hours (both up and down), the market is likely to close somewhere between the high and low of the day due to ongoing uncertainty. This is typical in such volatile conditions, and I see this as the most probable outcome.

So unless strong buying pressure or good news emerges, I expect the market to close between 5100 and 5205.

However, if we break above 5205, we could witness a positive gamma squeeze, with 5250 being the first upside target.