What Would Change My Mind

• If SPY sustains a close above $775 flip level with QQQ simultaneously clearing $735, dealer short-gamma positions collapse and forced rebalancing reverses into convexity-driven acceleration rather than stop-flushing. • If NVDA holds $215 support through three separate tests while AAPL breaks above $315 flip, the negative-gamma regime fragments across your watchlist and mixed conviction emerges, breaking the synchronized tape structure. • If implied volatility compresses below the 30-day average on two consecutive closes despite price chop at current levels, dealer hedging demand evaporates and the mechanical stop-flush dynamic loses its primary fuel source.