The Seasonality Shift In S&P, Price Action, And Its Options Flow Data - A Data Driven Analysis
Portfolio Pulse from Tradytics
July 2023 saw a 6-7% gain for S&P 500, largely due to positive options flow and SPY breaking a resistance level. However, trends are changing with seasonality dropping to 63% for August, a decrease in bullish options flow, and an upcoming resistance level. Darkpool trades data reveal over a billion dollars worth of trades at current levels but suggest less support in the event of a downward move from 455 to 445.
August 04, 2023 | 2:11 pm
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NEUTRAL IMPACT
SPY played a significant role in the S&P 500's gain in July by breaking a resistance level. However, the upcoming resistance level and decrease in bullish options flow could impact its future prices.
The article mentions that SPY broke a resistance level, contributing to the S&P 500's gain in July. However, the upcoming resistance level and decrease in bullish options flow could impact its future prices. Therefore, the short-term impact on SPY is neutral.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90