🐳YEET D.D. 7/28: Our homework on SPY is paying off, and what's next in flow and the indices
A look at some wins, some flow, some charts, some market.
😎 Pt. 1: SPY Trade Review, Levels, Chart Analysis
After some studying, here’s how we shrugged off some recent misfires to hit on two 0DTE and one 1DTE SPY trade today.
🐳 SPY Flow Snapshot
🕵️ SPY Levels
Upside: 636.18, 637.51, 638.56, 639.88
Downside: 635.59, 635.04, 633.81, 632.85, 632.16, 631.64
🕵️ SPY Chart
MUTUMBO LEVEL TRIFECTA REJECTION: This is big—not only did SPY break the hourly uptrend we were following—but it rejected that trendline and closed beneath the level (blue). Finally—multiple confluence clearance for a bit of backtesting.
The Yellow Levels are guides along the way for turbulence and pops, but we are almost certain to be headed for a test of 629.43, and ultimately 627, before more upside.
