Outlook
SPY may undercut its 5SMA a couple of times, then rebound for Friday's high.
SPY today
SPY had hangover day but not puking so much. Rising 5SMA line is approaching below.
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 |
CVI suggests very short term consolidation while STVO suggests more upside in near future. VTO suggests topping process in progress, however, market can stay overbought under such strong environment.
SPY Options OI and Dollar Weighted Volume
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| SPY OI |
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| SPY DWV 04/08 |
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| SPY DWV 04/15 |
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| SPY Big Trades 04/08 |
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| SPY Big Trades 04/15 |
Option market was much active today but there was no remarkable trade. The monthly options were slightly skewed to bear side.
Option market was much active today but there was no remarkable trade. The monthly options were slightly skewed to bear side.
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