This dashboard is the output of serveral long running adaptive machine learning prediction models computed from historical data and reflects the structural conditions SPY is walking into at the bell. Reading it takes about three minutes once you know what you're looking for.
The goal is not to predict the direction of the day — it is to understand the boundaries and forces that will shape the day. Where is the market anchored? How far can it reasonably move? Are conditions calm or fragile? Those answers inform how to approach day trading SPY options.
0DTE options have extreme Greek sensitivity — as expiry approaches, gamma becomes non-linear and converges toward infinity at the money. Theoretical pricing breaks down, delta moves become unpredictable, and time value collapses to zero. The model levels and mean are meaningful structural references for directional day trading, but they do not reflect the gamma dynamics of same-day options. See the GEX & Gamma Flip guide for a full explanation of scope.
Three badges appear in the top-right corner of the dashboard. Together they give you the market's overall posture in under ten seconds.
The Market Sentiment score for today. This feeds directly into the S/R model — a Greed reading widens resistance bands and compresses support; Fear does the inverse. If the score is above 60, the broad regime favors risk-on setups. Below 40, it favors defense. This badge is the same score shown on the Market Sentiment Dashboard.
The GEX fragility status — the single most important volatility context indicator on the dashboard. Critical Fragility means dealers are short gamma and will amplify moves in both directions; intraday volatility is likely to be higher than normal and levels can break quickly. Structural Stability means dealers are long gamma and actively suppressing volatility — levels are more likely to hold as technical boundaries.
When present, the volume warning means the prior session traded significantly below average. Thin-volume days produce choppy, unreliable price action — levels are less likely to hold cleanly, and breakouts are more likely to be false. If this badge appears, raise your confirmation threshold before acting on any level.
The model ladder is the core of the dashboard — a ranked table of every structural level, top to bottom. Find where the prior close sits relative to these levels and you immediately know the structural posture SPY is starting from.
Model Mean (μ)
The equilibrium price — where the model expects SPY to gravitate when conditions are balanced. The mean is the most important single level on the ladder. Price above the mean starts the day in bull territory; price below it starts in bear territory. Every trade analysis on the dashboard uses the mean as the primary gate.
Resistance levels (R0 – R5)
Six levels above the mean. R0 is the nearest resistance and the most common first target on a bull day. R2 and beyond are extended targets — price reaching R3 or higher in a single session is statistically unusual. The delta column shows the dollar distance from the prior close.
Support levels (S0 – S5)
Six levels below the mean. S0 is the nearest support and the most common first target on a bear day. Same logic applies — reaching S3 or deeper is unusual in a single session.
Gamma Flip (⚡)
The price level where dealer positioning transitions between two distinct volatility regimes. Above the flip: dealers suppress volatility — levels tend to act as clean technical boundaries. Below the flip: dealers amplify volatility — moves can extend further and faster than the levels would suggest. The gamma flip appears inline on the ladder so you always know which regime is active at a glance.
Gamma Wall (⧡)
The strike with the highest concentration of dealer hedging. Price gravitates toward it — especially in low-volatility sessions. When the gamma wall aligns closely with the model mean, that convergence reinforces the equilibrium level and makes it a higher-conviction target.
Note box beneath the ladder. The dashboard automatically generates a plain-language note describing where the prior close sits relative to the mean and nearest S/R levels. Read this first if you want a one-sentence structural summary before scanning the ladder yourself.
The GEX card translates dealer positioning into a single 1–10 fragility score. Higher means more fragile — levels are more likely to break, volatility is more likely to expand, and moves can accelerate without warning.
Dealers long gamma. Levels hold cleanly.
Mixed positioning. No strong bias.
Elevated risk. Level breaks can extend.
Dealers amplify moves. High risk day.
Call GEX vs. Put GEX bars
Shows the relative dollar weight of call-side versus put-side gamma. A put-dominated reading means more of the dealer hedging flow is on the downside — a bias toward volatility amplification on selloffs.
Net Charm
The delta dealers must buy or sell each day purely as time passes — even with no price movement. Negative charm means dealers lose delta as the session ages and must sell to rebalance. This is why afternoon sessions on high-put-loading days can drift lower even without a catalyst.
Net Vanna
The delta dealers must buy or sell per 1% move in implied volatility. Negative vanna means a VIX spike forces dealer selling — risk compounds on top of the initial volatility event. On Critical Fragility days, watch this number: a large negative vanna means a VIX spike can trigger a cascade.
The options structure table shows max pain and the put/call ratio for the next three expiry dates. These are independent structural forces — they do not derive from the SD bands and provide a second opinion on where gravitational pull may exist.
Max Pain
The strike price that minimizes the total dollar payout to option buyers — the price that expires the most bought contracts worthless. Near expiry (same-day or next-day), this level acts as a gravity target. When max pain aligns with the model mean or a nearby S/R level, that confluence significantly reinforces the level's importance.
Put/Call Ratio (PCR)
PCR above 1.0 means more put volume than call volume — a bearish lean. Below 1.0 is a bullish lean. Context matters: a PCR of 1.5 for a weekly expiry reflects meaningful hedging pressure; the same PCR for a same-day expiry reflects more acute short-term positioning. The dashboard color-codes the PCR: green for low (bullish lean), amber for moderate, red for high (bearish lean).
Average Max Pain
The note box beneath the table shows the average max pain across all three expiries. When this average sits clearly above or below the prior close, it indicates a structural tilt in the options market toward that price — not a guarantee, but a directional signal with weight.
A complete pre-market read takes three dashboards in sequence, each narrowing the context:
What is the broad regime? Is the market in Fear, Neutral, or Greed? Are credit spreads widening? Is VIX elevated? This sets the macro context.
Which sectors are showing relative strength? Is money rotating into defensive or risk-on sectors?
What are the structural boundaries for today? Is the market fragile or stable? Where is the equilibrium? This calibrates how far price can reasonably move and whether conditions support directional conviction.