Outlook
SPY had mid-term buy trigger on VTO chart, however, SPY is in overbought condition in short-term. It is expected that SPY would stay at current level until overbought condition is digested.
今日の振り返り
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| SPY 5m |
SPY stayed in range with very light volume.
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| $NYAD |
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| $NYHL |
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| SPY:RSP |
$NYAD is still in postitive-divergence condition against $SPY. It is expected that SPY would follow $NYAD, which means SPY will have all-time-high.
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| $SPX CVI |
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| $SPX STVO |
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| $SPX VTO |
VTO recorded buy signal today, which means the market would close higher than currentlevel by mid-June.
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| SPY OI 06/03 |
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| SPY OI 0610 |
SPY is just over the level of wall of 210Call. There are only four trading days on coming next week, that means we can expect there would be profit taking from those call holders if SPY stays higher than Friday's close level. On the other hand, there are massive put positions under 210 level. We expect SPY would close somewhere around 209.50 on this coming expiration.
Just a reminder or two. There would be futures rolling next month, which we mostly see elevated IV. The peak of IV would occur second week of Wednesday or Thursday when most of ESM6 would get sold.
SPY will pay dividends on after 3rd Thursday close. The dividends would be $1 or so and SPY price will drop suddenly on 3rd Friday open :) Don't blindly follow SPY calls just because you think it is cheap.
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