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Market Analysis5 min read

September 2 Findings: The Bounce Sat on 765 / 7670

Written by
John Hu

Rank Symbols on the completed September 2 session shows SPY closing on the $765 put wall. SPXW 0DTE tagged 7681, then sat on the 7670 top. GEX is prior-close structure (T+1); the OHLC is the session.

#gamma exposure#call wall#put wall#0DTE#Rank Symbols#SPY#SPX

This is a Rank Symbols readout of the completed September 2, 2026 session. It is not a trade.

Two clocks sit on the same screen:

  1. Session OHLC — what printed that day.
  2. TradingFlow GEX — that session's prior-close structure (T+1). It does not recompute live 0DTE books.

The bounce closed on the T+1 walls. That is the finding. Labeling the clock is the rest of the work. See Greeks and GEX.

Diagram of the September 2 session: OHLC versus TradingFlow T+1 walls on SPY and SPXW

Session tape versus T+1 structure. GEX levels are prior-close. Price bars are that session. Neither row is a forecast.

Readers with access can start from SPY Gamma Exposure and SPXW, 0DTE horizon. Sign-in and a paid Rank entitlement may be required.

What printed

SPX on September 2 (Rank daily bar):

  • Open 7,634.60
  • Low 7,633.60
  • High 7,681.20
  • Close 7,669.70

SPY:

  • Open 762.50
  • Low 761.70
  • High 766.40
  • Close 765.30

The low never tagged 7600. The high tagged the 7680s and did not hold 7700. Close sat in the 7665–7670 pocket.

SPY: put wall $765, close $765.30

Annotated Rank Symbols Gamma Exposure for SPY on September 2, 2026, with callouts on the session lock, near-flip read, and $765 put wall

Test app, session 2026-09-02, all-expiration GEX. Callout 1 is the session lock. Callout 2 is the near-flip supporting total. Callout 3 is close versus the $765 put wall and $766 call wall. GEX levels are prior-close structure (T+1). Captured September 3, 2026.

On this snapshot:

  • Environment: Near flip
  • Net GEX: −$2.0B (gross $49.1B)
  • Call wall: $766.00
  • Put wall: $765.00 (also the magnet and the 0DTE top)
  • Flip: $766.58
  • Horizon mix: 0DTE 15.0%, weekly 22.7%, monthly 34.5%
  • Overview max pain vs spot: $760
  • Structure built 5:41 PM EDT

Spot closed thirty cents above the put wall. "Near flip" here is modeled balance, not signed dealer inventory, and it is not a cascade.

SPXW 0DTE: close sat on 7670

Cash SPX 0DTE lives on SPXW. Same session, horizon Today · 0DTE:

Annotated Rank Symbols Gamma Exposure for SPXW 0DTE on September 2, 2026, with callouts on the 0DTE horizon, positive-gamma read, and $7670 top

Same session, SPXW, horizon Today · 0DTE. Callout 1 is the SPXW lock. Callout 2 is the positive-gamma read on this book. Callout 3 is close versus the $7,670 0DTE top. Structure built 5:41 PM EDT. Captured in the test app on September 3, 2026.

On this snapshot:

  • Environment: Positive (net GEX +$6.1B)
  • Call wall / magnet / 0DTE top: $7,670
  • Put wall: $7,665
  • Flip: $7,649.39
  • 0DTE share of all-expiration gross GEX: 17.0%

The session high ran eleven points through the T+1 top (7,681.20), then closed on it (7,669.70). That is a pin-shaped close on this clock. It is not proof that a live morning 0DTE map said the same thing.

SPY all-expiry was near flip, −$2B. SPXW 0DTE was positive, +$6.1B. Those are different books. Mixing them into one "negative gamma bounce" slogan erases the horizon.

Cash SPX all-expiry is the wrong map for a same-day wall

Annotated Rank Symbols Gamma Exposure for cash SPX all-expiry on September 2, 2026, highlighting the $8000 call wall far above close

Cash SPX, all expirations, same session. 0DTE share is 0.0% on this underlier. Call wall $8,000 sits +$330 / +5 ATR above close. Use SPXW 0DTE when the question is a same-day wall.

On this snapshot:

  • Environment: Near flip
  • Net GEX: +$4B
  • Call wall / magnet: $8,000
  • Flip: $7,631.39
  • Close: 7,669.70
  • Horizon: 0DTE 0.0%, monthly 51.3%

If the question is "where did same-day gamma sit," this map is too coarse. The 0DTE book is on SPXW.

What this session is evidence of

QuestionTradingFlow on Sept 2Clock
Where did SPY close versus structure?Put wall $765, close $765.30, call wall $766T+1 all-expiry GEX + session OHLC
Did the bounce hold 7600?SPX low 7,633.60; SPY low 761.70Session OHLC
Did the high hold 7700?SPX high 7,681.20Session OHLC
Where did same-day SPX gamma sit?SPXW 0DTE call wall / top 7,670, close 7,669.70T+1 0DTE snapshot
Was the session "negative GEX"?SPY all-expiry near flip, −$2B; SPXW 0DTE positive, +$6.1BT+1 snapshot, not signed MM inventory
Can cash SPX all-expiry answer the 0DTE wall?Call wall $8,000, 0DTE share 0.0%Wrong underlier / horizon

Positive versus negative GEX here is modeled structure, not observed dealer inventory. See Unusual options activity is not a signal until the tape checks out.

Reproduce the findings

  1. Open Rank Symbols → trading date Sep 2, 2026 → symbol SPY → Gamma Exposure. Record environment, walls, flip, net GEX, and the daily OHLC on the chart.
  2. Change symbol to SPXW. Set horizon to Today · 0DTE. Record the 0DTE top, put wall, and flip. Confirm the structure timestamp (this run: 5:41 PM EDT).
  3. Optionally open cash SPX on all expirations and note that 0DTE share is 0.0% and the call wall is $8,000.
  4. Stop before "therefore buy/sell."

TradingFlow App Home → Rank Symbols for the session lock → GEX for walls and flip.

Learn more

Tags#gamma exposure#call wall#put wall#0DTE#Rank Symbols#SPY#SPX

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