**$SPY Pre-Market Analysis**
Price hit 658.20 pre-market and got sold hard. That's the GEX flip zone — below it dealers go net short and moves accelerate.
Currently sitting at 656.32 right on the line.
Key levels watching:
* $658 is now resistance. Second rejection = confirmation
* $650 put wall is the target ($39.86M) — huge support there
* If $650 breaks → $645 → $640 next
Simple read: stays below $658 → puts. Reclaims $658 on volume → cover fast.
$39.86M sitting at $650 will likely bounce price. Don't hold through it unless it cracks clean.
unable to post any backed up data due to strict rules in this board.