🗞The Tuesday YEET: Another 🌟 Flow Trade Hits, SPY, and Interesting Flow Order Blocks
Flow is fun. We like flow.
Last Sunday’s YEET Plus Section celebrates another banger—CCJ 52p 11/8 made its way to in the money status this morning, smashing through our 51.35 target
There is no secret to our recent success finding flow, it’s a combination of:
Finding flow on our variety of filters (links available to all filters as a part of annual subscription)
Choosing smarter expirys and strikes than the whales
Following price action triggers and targets for entries and exits
Happy Hunting!
🕵The SPY Section: They are who we thought they were
Last night’s YEET said to expect some chop as we set a shoulder in symmetry with the left shoulder forming on ES, and that any pops were likely to be unsustained. Essentially, that’s what we got:
Looking at this with more nuance, we see that the likely move to happen is a trip lower to test the monthly level down at 565.25 after a rejection at the upside monthly:
🧠MIND THE GAP:
Just beneath the monthly level, the two blue lines, represent a Gap in SPY to the downside that has yet to close. When we crash out to the monthly, we’re likely to crash out pretty damn hard.
🧠MIND THE GAP 2:
There’s also a Gap looming to the upside as well, In other words—when we pop, we’re gonna pop hard.
The logical way to play the two, then, would be to stay on the lookout for which monthly breaks to the up or downside—that’s likely our trigger for a Gap test play.
🐳 What does the Flow say?
Even as SPY had the pop today (apologies to YEET Plus) we can see it maintained bearish OTM call flow handily
This coincides with what I was seeing on various flow screeners—we likely to take a trip down tomorrow as the nation holds it breath for The NFL Trade Deadline 😉
🌊The Flow Section
Two interesting order blocks to discuss…