
Net GEX (ZGR) is the dealer-hedging direction-bias metric. Learn how to read sign, magnitude, slope and divergence in 5 concrete steps — with worked examples on ES and NQ.


Above zero gamma the market acts like a pendulum. Below it, like an avalanche. Here's the practical difference — entry rules, stop logic, time-of-day patterns, and the mistakes that blow up undisciplined traders.


Zero Gamma — the price where dealer hedging flips from stabilising to destabilising. Here's how to find it, why it moves, and how it changes the way you read ES/NQ intraday.
