**SPY 4/2/2026 — LEAN BEAR**
Spot $645.48, sitting $11 below GEX flip $656 with the entire heatmap purple — -$917.55M net GEX is the most negative of any ticker we've looked at today. Every single strike is negative gamma meaning this market will amplify moves in both directions, no brakes.
The setup is less clean than QQQ/META/SPY yesterday. Both kings are negative and close together — $650 at -$79.8M above, $640 at -$46.3M below. The app is calling it right with the 1.6× upper king read: slight lean toward a $650 tag first before rolling over. That's a fade, not a chase.
$640 is where it gets interesting — that's both the lower king AND the put wall. Break there and $630 is the next wall with nothing meaningful in between.
**Play:** Buy puts on rips to $650, target $640 → $630. Smaller size — 1.6× is a weak ratio. Stop $651.50. Break $640 = add.