This can be a support resistance line in the market. SpotGamma will identify a current proprietary level as a “pivot” if the market is expected to open at that level. Based on the opening direction of the market, this Pivot Level then becomes support or resistance.
You can either momentum in the direct of the market away from the Pivot Level or use it as a support or resistance line (use it to take a stop loss, or go long or short from that level). Our key Pivot Lines are often the Call Wall, Put Wall, Vol Trigger and/or Absolute Gamma Strike.
Visit our Support Center here for our glossary and additional FAQ’s.