SPY Ugly PA today as the market seemed to be grabbing liquidity anywhere it could find it. The price was stuck inside the blue box (ATH resistance) for most of the day. Volume picked up to the sell side at the end. The bearish butterfly on futures is still valid and ES1! failed to reach ATH today. I’ll stay in puts. Seems like a big move is coming soon.
ES1! Looks like we’re seeing a breakout to the upside on futures. If volume accelerates it tomorrow we should see ATH by the end of the week. SPY tradingview.com/x/YX95xfaH