Outlook
Although it would be difficult for SPY to close more than 210 tomorrow, SPY would be still in uptrend and could grind up to 212 are next week.
Wrap Up
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| 高所から飛び降りたSPYさんの5分足 |
SPY started with gap down but it shrugged off the loss, then tanked again and got accelerated after SPY lost VWAP level.
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| $NYAD |
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| $NYHL |
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| SPY:RSP |
The internal wasn't so ugly as SPY and uptrend is still intact.
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| $SPX CVI |
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| $SPX STVO |
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| $SPX VTO |
CVI shows no momentum, STVO suggests good uptrend in near term, and VTO tell us near term consolidation. If you find it's difficult to interpret those conflicting indicators, please consider to download/install my app, OptionM8. You can get option charts like below:
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| SPY OI 04/29 |
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| SPY OI 05/06 |
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| SPY DWV 05/06 |
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| 電池がない SPY Big Trades 04/29 |
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| SPY Big Trades 05/06 Part I |
| SPY Big Trades 05/06 Part II |
From the big trades screen, you can see that someone bought 4000x0429 209.00P just after market close. Buying Puts at breakdown doesn't work most of the time, so we can guess that we are at/near the intermediate bottom today.
Do you remember the trader who bought 15000x0506 208C and 15000x0506209C on
20th? Those are pretty much bullish positions that we should put eyes on it. I guess those traders "know" something about the closing price on next Friday so we should stick on those trades.
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