optionflow

$SPY - Weekly Chart Update

AMEX:SPY   SPDR S&P 500 ETF
72 0 1
Should be interesting next week. Long legged doji on weekly chart. VSB and PAR SAR             buy intact on weekly, but turned to sell this week on daily. (Day 2) We had a double bottom and bounced hard off the 61.8, but closed the week with a double top. Money flow was net negative totaling -$5.2B (Week) Month at -$9.3B. Today had positive inflows of $2.1B. 10ema rising and VWMA flat. At close, 2 blocks, 245K @ 209.68 and 1.4M @ 209.66

Trin             was elevated most of the day, but VIX             got crushed. As you can see, we're at the top of the triangle and we're going to break really big either way very soon.

Big swings like this usually occur at tops or bottoms. Feel pretty confident this isn't the bottom. Did they just squeeze shorts for the last time and trap bulls right at resistance AGAIN? TBD.. Short interest still seems too high to drop it. Next week will be interesting.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out