Looks like we might be topping out at the 749 0dte call wall. If we cannot break above it by the close I need to at the very least see the closing price of $SPY maintain above 746.77 in order to remain bullish. A close above that level makes 750 tomorrow an actionable target.
Wellll wellll welllll, looks like the bulls might be on borrowed time. I've seen heavy call selling the last few sessions, but today is the first day I've seen heavy put buying like this on SPX. Institutional money appears to be changing direction while the retail kids are selling kidneys to go long.
🚨 UPDATE: IT’S GETTING WORSE
I pulled up last week’s top insider trades.
Look at the image.
A Walton just dumped $1 BILLION in Walmart stock.
RCL directors filed FIVE separate sales in one week.
MSI’s CEO sold on back-to-back days.
META’s CFO sold multiple times.
GOOG affiliates filed SIX proposed sales.
Now scroll down that entire list.
Almost every single line is red.
There is ONE buy out of 40+ transactions.
The people who know the most are selling the fastest.
I’ll keep tracking insider moves, and I’ll keep you updated like I always do.
All you have to do is follow me so you don’t miss any important updates.