MBCC TH 16th Aug'24 - "Markets up 7% fast, beware NEGATIVE GAMMA works both ways, derivative set up is more important than fundamentals, why is 5500 so important on S&P 500?"

Looking at charts is one thing, but technical derivative set up of the market is more important as it dictates flows and gives the illusion of strength and or weakness..

what does the negative gamma set up tell us today about market and what are Bonds/FX and other markets telling us?