When you first open the GEX engine here, this top section is designed to answer one question immediately. Really, this number, the ZGL here, and the regime here. And that question is, what kind of market are we trading today? So if we start on the left, we have the live price of the E-mini S&P right here. And then directly underneath that is what's called the zero gamma line here, or ZGL. And this is one of the most important numbers in the entire application. The ZGL is the price where the dealer gamma book flips. So when prices above ZGL, like you can see right here, three above the ZGL, dealers are generally stabilizing the market. So they're buying into weakness and they're selling strength.

So they're fading moves essentially. And then when price moves below it, price moves below it, dealer hedging can begin to amplify moves instead. And that's where you get your breakouts. So here, for example, the ES is trading three points above the ZGL, like we just said, and now four points. And that's this section. Next, if we go into the regime, the regime is also really important. And here the regime is showing us transition compressed. And think about this like your market condition filters. Transition tells us that the dealer environment is changing and can be less stable, while compressed tells us that volatility is currently relatively contained. And this immediately gives us context

and how aggressive we wanna be with any setup we see that we're gonna talk about later in this engine. Now, if you click on most of these, you'll immediately go over to our course here, our GEX course, and you can see definitions, you can see descriptions. So here you can see the nine environments, right? So the sweet spot, full amplification, right? And you can see that at a glance. So let's get back here to the main screen. So then at the top, again, we can see these two buttons. This is the S&P 500, and this is the NASDAQ. And you can toggle between these here, and you can switch back and forth. And then we have our how to read, which I just went into a little bit, but this details every single segment here in the GEX engine

and also shows you how to put trades together at the end. Got a nice little toggle switch, light and dark mode, and we've got a full screen mode over here. Now let's move to the expected move here, this little box. Now this is the option market's implied volatility range. Now the large number shows us the nearest expected move. In this example, roughly plus or minus 9.5 points with the implied low on the left and the high on the right. Below that, we give you several different time horizons. So the one DTE gives you the shortest term volatility budget, and the second DTE expands that window over the next couple of trading days. And then the end of week, or EOW, gives you the broader expected range

through the Friday expiration, right? And you can go read more about each one of these if you just click, and then you'll go right here. Now the key is, it's not simply whether price touches these sorts of levels, right? It's watching how much of the expected range the market has already consumed. So before we take a look at the GEX profile or the charts, this top section's really important to just set us out in the correct spot for the day. So you always wanna look here first.