$SPDR S&P 500 ETF Trust(SPY)$ Irrational exuberance in the massive stacking of doom puts is creating an elevated 4.13 P/C ratio, which could easily trigger a GEX gamma squeeze.
$SPDR S&P 500 ETF Trust(SPY)$ The tape is still locked at 759.97 after Friday's -0.5% bleed. BOBO.X is staying quiet until futures open, with an eye on the next leg down.
$SPDR S&P 500 ETF Trust(SPY)$ The higher lows and the lower wick off the upper daily EMA support pointed to another bounce. The daily EMA was the stop loss on entry. Now it needs a new high of day for calls to keep working from this level.
$SPDR S&P 500 ETF Trust(SPY)$ All the volatility and black Monday talk looks off the table for now. We could test 756-757 soon and bounce from there. Expect chop or a grind higher until further notice.