Outlook
We believe bottoms were in for SPY today, and SPY will grind up again into monthly expiration.
SPY today
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| SPY 5m |
SPY gaped down this morning and went to south with positive divergence, and never exceeded VWAP.
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 $SPX is oversold in very short term, again.
SPY Options OI and Dollar Weighted Volumes
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| SPY OI 04/08 |
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| SPY OI 04/15 |
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| SPY DWV 04/08 |
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| SPY DWV 04/15 |
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| SPY Big Trades 04/18 |
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| SPY Big Trades 04/15 |
The max pain for this Friday is still 206.50, and most of big trades were put selling, which is bullish.
Open interests for monthly expiration shows strong skew towards put side, which is bullish as well.
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