0️SPY - Zero Trend - High Volume - 9/27/2023
Case Study: No clear open session trend, but high option volume brought extreme volatility with 0DTE max gains of 549.79% BULL and BEAR 341.20% on 9/27/2023.
Summary:
On September 27, 2023 we opened higher versus the previous day and it appeared we would see a bounce in SPY. The open session had mixed flow (3x BULL BOMB + 1x BULL LOTTO to 2x BEAR BOMB) but observed volume was higher than the 7-day average.
ZERO TREND HIGH VOLUME = look for swings + cluster bombs but do not have a bias towards the bull or bear side.
The price action was incredibly volatile with 100%+ returns to be found on both the bull and bear side.
OPEN - ZERO TREND + HIGH VOLUME
MIDDLE - DOWN with perfect tags
FINAL - Volatile move up
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