Your technical analysis is fighting a war that's already over

Hope your Christmas was great.

Now let me show you the market reality you're facing.

Your technical analysis isn't wrong. The battlefield changed.

THE OLD MARKET:

• Support and resistance held for days

• Moving averages provided reliable signals

• Chart patterns worked for decades

• Weekly expected moves meant something

THE NEW REALITY:

• Traditional levels get obliterated in minutes by dealer hedging

• Gamma-heavy strike levels override historical prices

• Options positioning creates resistance that charts can't see

• Daily expected moves change hourly based on 0DTE flow

When 0DTE options went from 5% to 60%+ of SPX volume, something fundamental broke.

The European Central Bank confirms it: 0DTE volume routinely creates 6.4 percentage point volatility spikes in 30-minute windows. That's not gradual price discovery -- that's explosive positioning unwinding.

I spent my career inside this transformation:

• Started as a floor trader when options were monthly-only

• Helped design weekly expirations at Thinkorswim

• Ran education during the shift to daily dominance

This week I explained exactly what changed:

68% of the time, markets stay within expected move ranges driven by positive gamma effects.

The other 32%? That's where 700% gains happen in minutes when gamma flips negative and dealer hedging amplifies moves.

See how I read the new positioning-driven structure

You can keep fighting the old patterns in 2026.

Or learn to trade the systematic effects that actually move markets now.

To your success,

Don Kaufman