Outlook
SPY hit "speed bump" last week and show "pullback" if not consolidation. We believe SPY starts grinding up and will close between 206 and 207 on monthly expiration.
SPY today
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| SPY 5m |
Past couple of days, SPY couldn't stay gap up and puked to lower, which many believed bearish development, however, as we wrote yesterday, there was strong positive divergence between SPY and internal so this reversal was due.
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, STVO, and VTO rebounded and CVI suggests more upside for very near term, and if STVO turns up positive, we would see further grinding up next week.
SPY options and big trades
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| SPY OI |
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| SPY DWV |
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| SPY DWV |
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| SPY Big Trades |
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| SPY Big Trades |
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| SPY Big Trades |
There was a notable trade at 13:15:20. Some one sold 5000x 0415 205.00P and bought 5000x0415 205.00C.
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