I was looking at today's volume on spy's 401 calls end of day and it was over 450k. I think it used to be at most, 110k before 0dte everyday was introduced lol

Thinkorswim from td Ameritrade

For sure. Just after closing my calls, the r/r to get back in and hold overnight wasn't as good as yesterday. Just going to wait and see

The fake breakdown yesterday end of day played out beautifully. closed my calls today and am now looking to short tomorrow.

1 HR wave pretty overbought. I'm looking for an overnight rejection at 4072 overnight for confirmation to go short tomorrow.

15 min RTH which I use for intra day closed overbought after EOD push. Another reason I'm leaning short tomorrow.

Probably the only way I'll get bullish again this week is if futures gets over 4080

I was talking with a trading friend about the mkt possibly doing this, this week. instead of bulls buying the gap downs, mkt gaps up then bears sell it down 🤔

I'm also still weary about going long still. This is how I trade so if you think it's dumb, that's fine. But even though 4hr wave is starting to make a bullish cross, it still hasn't hit the green buy zone for me. So I still see another attempt to break 390.

But yeah, looking like another tricky week of chop trading unless we get some follow through one way or the other.