Thread by @Fatty_Trades

Here is my evening rundown of $SPY & the overall market using data driven insights by @Tradytics. The data provided will help us formulate a plan for tomorrow to inform our #optionstrading and #futurestrading. Show thread to see it all! 👇

We see Algoflow divergences below. These are assets where net flow is diverging from price. Finance sector and related names stand out as bearish. The bullish names like $U, $GE, $NFLX, $BA & $ENPH warrant a closer look for details.

The $SPY 3-day delta/price correlations show a 30% total chance of moving up to 2.7% higher and a 50% total chance of moving down as much as -3.7% over the next 3 days. Dealers are still long. Expected volatility has dropped slightly.

@Tradytics $SPY Dark Pools data shows various levels of support/resistance (see screen shots). Block trade sentiment is very bullish. Dark pool density map shows bullish prints in this area. Lots of bearish signature prints @ 400.60 which could be a ceiling.

Now, take a look at @Tradytics Market Net Flow & Market DEX. Market wide put premiums have taken quite the lead. DEX still very bearish. Flow map shows mostly bearish premiums into next week. Also note the heavy call selling around 3/17 expiration (Quad Witching OPEX date).

Delta correlations still indicate downside is favored. However, the DP data makes me consider the potential for a small bounce higher before we break lower. The heavy call selling that occurred also makes me believe any moves higher will be very limited.

The Algoflow data & news events I've been seeing seems to indicate the banks are in trouble as we see money pour into the dollar ( $DXY). This is not good news for equities. If we move higher, I'm watching reactions to $SPY 398 & 402. A break below 393 could mean drop until 389.

That's all the @Tradytics $SPY & market wide data for the evening. If you are interested in viewing & using this data plus more with hundreds of other assets, use this referral link for a 10% discount:
tradytics.com/?ref_link=fatt…