Sharpnel Trading

Built my own trading terminal. Posting live GEX levels, gamma exposure, and dealer positioning for ES, NQ, SPY & QQQ daily.

[Sharpnel Trading @sharpnel_89]

I’m in love

[Sharpnel Trading @sharpnel_89]

https://t.co/vG4DBsf2oX

[Sharpnel Trading @sharpnel_89]

We publish these free every trading day.

Do you trade with or against the gamma regime? Let us know below.

[Sharpnel Trading @sharpnel_89]

Why is ES flip level sitting 30 points below max pain while NQ flip is 350 points below?

ES dealers want price at 6623 but won't defend until 6592. NQ dealers are way more defensive — they'll start selling gamma at 23861 to protect that 24208 target.

ES: POSITIVE | CW 6,664 | PW 6,351 | Flip 6,592
NQ: POSITIVE | CW 24,580 | PW 23,548 | Flip 23,862

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[Sharpnel Trading @sharpnel_89]

What this means:
ES: Dealers are LONG gamma above 6,592. They buy dips and sell rips — expect mean-reversion toward 6,664.
NQ: Dealers are LONG gamma above 23,862. They buy dips and sell rips — expect mean-reversion toward 24,580.

[Sharpnel Trading @sharpnel_89]

Choppy tape all week with zero follow-through on either side. Dealers keep stepping in at the same spots, killing any momentum before it builds.

Starting to think this range is more prison than pattern. Anyone else seeing exhaustion in the orderflow?

[Sharpnel Trading @sharpnel_89]

End-of-day GEX scorecard unavailable today. Tomorrow's levels drop at 8:30 AM ET.

How did your trades play out today?

[Sharpnel Trading @sharpnel_89]

Most traders watch price alerts. Smart money watches gamma regime alerts.

Set alerts when dealer GEX flips from positive to negative (or vice versa). That's when market character changes — from mean reversion to momentum.

Price might look the same but the underlying mechanics just shifted.

What's your trigger for regime change trades?

[Sharpnel Trading @sharpnel_89]

GEX levels haven't predicted major support/resistance holds in the last 30 days (0/34). 🤔 Market dynamics are always evolving! Stay informed & adapt your strategies. #trading #markets #dataanalysis

[Sharpnel Trading @sharpnel_89]

Follow for daily GEX levels before the open.

Drop your trade idea below — long or short today?

[Sharpnel Trading @sharpnel_89]

NQ dealers are long gamma and will dampen moves — expect mean reversion around current levels. ES dealers are short gamma below 6521 — any break lower amplifies selling pressure. Two different games today.

ES: NEGATIVE | CW 6,524 | PW 6,514 | Flip 6,522
NQ: POSITIVE | CW 23,750 | PW 23,547 | Flip 23,593

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[Sharpnel Trading @sharpnel_89]

What this means:
ES: Dealers are SHORT gamma below 6,522. They sell into weakness — volatility amplified. Watch 6,514 for support.
NQ: Dealers are LONG gamma above 23,593. They buy dips and sell rips — expect mean-reversion toward 23,750.

[Sharpnel Trading @sharpnel_89]

Dealers have been playing ping pong with the same levels for weeks. Every breakout gets faded, every selloff gets bought. Pure mechanical hedging with zero directional conviction. Are we stuck in this range until something actually breaks?

[Sharpnel Trading @sharpnel_89]

End-of-day GEX scorecard unavailable today. Tomorrow's levels drop at 8:30 AM ET.

How did your trades play out today?

[Sharpnel Trading @sharpnel_89]

Bookmark this for today's session. We post levels every morning before the bell.

What's your key level to watch today?

[Sharpnel Trading @sharpnel_89]

ES flipped negative while NQ stays positive — classic divergence setup. Dealers are now sellers above 6621 on ES but still buyers on NQ dips to 24090.

ES: NEGATIVE | CW 6,622 | PW 6,612 | Flip 6,621
NQ: POSITIVE | CW 24,179 | PW 24,053 | Flip 24,090

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[Sharpnel Trading @sharpnel_89]

What this means:
ES: Dealers are SHORT gamma below 6,621. They sell into weakness — volatility amplified. Watch 6,612 for support.
NQ: Dealers are LONG gamma above 24,090. They buy dips and sell rips — expect mean-reversion toward 24,179.

[Sharpnel Trading @sharpnel_89]

Another session of dealers playing defense. Every breakout attempt gets sold, every dip gets bought. Zero conviction from either side.

What's it gonna take to finally pick a direction?

[Sharpnel Trading @sharpnel_89]

End-of-day GEX scorecard unavailable today. Tomorrow's levels drop at 8:30 AM ET.

How did your trades play out today?

[Sharpnel Trading @sharpnel_89]

Your losing position doesn't care what you paid for it. The market only sees where it is now. That $500 you're down? Already gone. The question isn't "how do I get back to breakeven" — it's "would I enter this trade right here, right now?" Most honest answer is no. Why are you still holding?