Thread by @Fatty_Trades

Here is a run down of the current market outlook using Dark Pools, Dealer Positioning and market wide Options Flow to inform our #optionstrading and #futurestrading today. Data can change but it will help formulate a plan.

Lets start with $SPX Gamma and Vanna courtesy of @WizOfOps #volland. The magnet at 4000 renaubs. Accelerant's to the downside if broken, but will initially be supportive (see attached). Not much change from yesterday.

Now let's do the same for $SPY but add in some additional data points from @Tradytics data driven insights. Structure still indicates pinning, however if we break below 390, accelerants could be significant, but unlikely. The 400 Vanna magnet remains.

$SPY Dark Pools help paint the the picture further. Outside of DP levels, note the signature prints that occurred. I find this new bullish DP data point worth noting, in theory $393.3 $SPY could be supportive.

Now, take a look at market net flow and delta positioning across the market. The 5-day market wide flow looks the same, however deltas market wide shifted dramatically. It's interesting and I'm not sure what to make of it (open to ideas). Perhaps related to PPI hedging?

Lastly, we need to make sure we keep all the upcoming macro number releases in mind as they are the big fundamental drivers of the market. We had PPI this morning, but more importantly inflation expectations on Monday and CPI on Tuesday.

Personally, I'm looking to continue to trade within the larger range of 3900 - 4000 $SPX / $390 - $400 $SPY by seeing how the opening move shakes out. PPI shook things up a bit this morning, shifting the trading range slightly. Would be nice to catch an FVG fill, but we'll see!

Just to outline what I meant by FVG fill, which is currently still happening, see attached screen shot.

Side note, FVG on $NQ filled before $YM & $ES.