optionflow

optionflow

Notes in chart

optionflow

Appears to be SOW (Show of Weakness in reaccumulation. Nice .50 fib retracment to set up a bounce. Looking for 1471

optionflow

Price and time should be close, but no one knows the future..

optionflow

Another model puts a large H&S pattern and 2191 target to complete the right shoulder. Time and price symmetry places the high by October 4th, then testing neckline October 11th. This seems to align with Elliott Wave technicians targeting 2191.

optionflow

.50 fib (2133.25) as support and 2154 as resistance

optionflow

At R2 on weekly and tagged the 1.272 fib ext. Open gap remaining at 218.18, but still lots of down side gaps. Monster put premium in option flow and VIX at extreme lows could make for a big move. My bias is to the downside and my most reliable contrarian indicator just went bullish equities.. - Gartman Large OTM VIX buyers could be seeking cheap hedges, but I...

optionflow

Above R3 at QQQ market top IMO is a great short. Also, at the .764 fib.

optionflow

I believe the high tops at $119.34 completing UT in phase B. Unfortunately, it looks like chop within the trading range until November 14th based on time symmetry. Coincidentally timed around the election?

optionflow

UPDATED

optionflow

Bear pennant timing FOMC tomorrow. I expect a break out and up to gap fill, then sharp sell off to target 1. $203.94 area

optionflow

Appears SPY is taking direction from Q's. I expect one more upthrust and here's the targets. Subject to change..

optionflow

Increased volume and trading range are bearish characteristics. Distribution is present and option flow points to volatility and a move down. Huge put premium in all indices targeting Oct 21. Large VIX OTM buys as well with DP's short covering at the bottom of the range and selling into the rise. We had a buying climax (Wick didn't appear in this software). TOS...

optionflow

IH&S with fibs.. Extreme inflows into volatility for a reason..

optionflow

Gap down

optionflow

H&S on 15 min above R3 and filled open gap. Also above 1.618 fib ext of current short trend

optionflow

H&S on 15 min above R3 and filled open gap. Also above 1.618 fib ext of current short trend

optionflow

Self explanatory

optionflow

Levels to watch. Dark pools unloaded at the 219 and 218.50 level. Smart money was still buying otm puts into the close. Pretty deep in the hole.. My bias leans towards finding support, then a sharp V recovery to retest the highs, but ultimately a lower high. Bearish trend reversal imo.