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| SPY 5m |
Open Interests suggests there is a big resistance around this area.
As we wrote yesterday, this resistance area is too obvious. Bulls will try to make a break out while bares will sell to the highs.
Call buyers were active again today and maybe the bus is full. Unless those calls are sold for profit taking, SPY will be heavy. I expect a small pullback tomorrow.
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| SPY OI |
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| SPY DWV |
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