Outlook
Uptrend is still intact but momentum isn't so good. Bears would use NFP report on Friday as a good excuse to sell.
SPY today
SPY gaped up but couldn't keep the high. Momentum is waning.
CVI/STVO/VTO and trends/overbought/oversold
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| $SPX CVI |
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| $SPX STVO |
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| $SPX VTO |
Both CVI and STVO up slightly with negative divergence. This suggests pullback is due in near future, maybe in days. VTO is still in high level so the coming pullback would be minor one.
SPI Options OI and Dollar Weighted Volume
OI charts suggests SPY 207 would be resistance level tomorrow and Friday. DWV chart is kind of crap as the market was thin again today.
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