Mid-session market 03/29: Expectations of FED pause push SPY back to 400

Market opened Wednesday's trading session with fairly stable sentiment after yesterday's extremely low trading range. Cash flow immediately flowed into tech and banking sectors right from the morning as most investors continue to expect the FED to start cutting rates in the second half of this year. SPY continued to push towards the important gamma flip level of 400 before encountering similar resistance as in previous sessions.