GEX-Based Option Outlook:
The GEX chart reveals strong support around 487.5, with the highest positive NetGEX zone at 491.5. This is the “Gamma Wall” — market makers likely defending this level. Below that, heavy PUT support is stacked around 485, signaling hedging flow that could act as a floor. IVR is sitting at 21.5, and the PUT% is 3.2%, suggesting relatively cautious sentiment.
→ Call buyers can consider 495C or 500C for a bounce if MSFT holds this zone — ideally for a short-dated scalp if 492.5 reclaims and confirms.
Price Action (1H) Intraday Analysis:
MSFT sold off into a key SMC demand zone, now stabilizing inside the green OB box just above 487.5. We saw a CHoCH (Change of Character) and Break of Structure confirming weakness, but the last candles suggest deceleration in selling.
There’s also a previous supply zone at 497–500 which is likely to reject price on the first retest. A lower high could print there if bulls step in early.
Trade Ideas:
Scenario 1 – Long (Reclaim and Bounce):
* Entry: Above 492.5
* Target: 497 → 500
* Stop: Below 487.5
* Reason: Reclaim of key GEX resistance + bounce from demand zone + volume tapering on dip
Scenario 2 – Short (Rejection):
* Entry: Near 497–500 if tapped fast
* Target: 487.5 → 485
* Stop: Above 501
* Reason: GEX call wall + previous SMC BOS zone + weak structure on pop
Thoughts:
MSFT looks weak on momentum, but it’s sitting on a gamma and SMC confluence zone. If bulls are going to defend this, they need to do it early tomorrow. Watch volume — low-volume grind higher is ideal for a long scalp. Otherwise, fade any pop near 500.
Disclaimer: This is not financial advice. Do your own research and manage your risk.
The GEX chart reveals strong support around 487.5, with the highest positive NetGEX zone at 491.5. This is the “Gamma Wall” — market makers likely defending this level. Below that, heavy PUT support is stacked around 485, signaling hedging flow that could act as a floor. IVR is sitting at 21.5, and the PUT% is 3.2%, suggesting relatively cautious sentiment.
→ Call buyers can consider 495C or 500C for a bounce if MSFT holds this zone — ideally for a short-dated scalp if 492.5 reclaims and confirms.
Price Action (1H) Intraday Analysis:
MSFT sold off into a key SMC demand zone, now stabilizing inside the green OB box just above 487.5. We saw a CHoCH (Change of Character) and Break of Structure confirming weakness, but the last candles suggest deceleration in selling.
There’s also a previous supply zone at 497–500 which is likely to reject price on the first retest. A lower high could print there if bulls step in early.
Trade Ideas:
Scenario 1 – Long (Reclaim and Bounce):
* Entry: Above 492.5
* Target: 497 → 500
* Stop: Below 487.5
* Reason: Reclaim of key GEX resistance + bounce from demand zone + volume tapering on dip
Scenario 2 – Short (Rejection):
* Entry: Near 497–500 if tapped fast
* Target: 487.5 → 485
* Stop: Above 501
* Reason: GEX call wall + previous SMC BOS zone + weak structure on pop
Thoughts:
MSFT looks weak on momentum, but it’s sitting on a gamma and SMC confluence zone. If bulls are going to defend this, they need to do it early tomorrow. Watch volume — low-volume grind higher is ideal for a long scalp. Otherwise, fade any pop near 500.
Disclaimer: This is not financial advice. Do your own research and manage your risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.