$SPY at $771.23, up 0.67%. SPX high 7,741 — nine points from 7,750.
The afternoon pattern broke.
For two straight weeks, every 2PM read deteriorated. Engine reversed. Premium faded. GEX deepened. Put wave fired.
Not today.
10AM: $769.04 | Composite +24.5 | GEX -$48M | Cushion $3.08 | Engine +8.7M
11:37AM: $770.09 | +26.9 | +$468M | $4.10 | +65.2M
2PM: $771.23 | +28.8 | +$659M | $5.24 | +124.9M
Every metric improved at every read. Three consecutive reads of acceleration. Composite climbed from +24.5 to +28.8. GEX went from -$48M to +$659M. Engine went from +8.7M to +124.9M. Cushion widened from $3.08 to $5.24. All session. No reversal. No put wave. No deterioration.
The two-week afternoon pattern is dead.
The $780 magnet at +$143M pulls from 1.1% above. That's the cup and handle breakout zone.
Puts opened 4.8:1 and calls opened 8.7:1. Both sides building. But calls opened nearly double the rate of puts. Institutions pressing the upside heading into the final two hours.
This morning: "7750 depends on whether the 2PM session adds or subtracts."
It added. Across every metric. For the first time in two weeks. 7,750 is nine points away with two hours left.
$766 is the flip. $771.23 is price. $775 is the magnet. $780 is the target.
The afternoon held. The pattern broke. Two hours to the close.
The afternoon pattern broke.
For two straight weeks, every 2PM read deteriorated. Engine reversed. Premium faded. GEX deepened. Put wave fired.
Not today.
10AM: $769.04 | Composite +24.5 | GEX -$48M | Cushion $3.08 | Engine +8.7M
11:37AM: $770.09 | +26.9 | +$468M | $4.10 | +65.2M
2PM: $771.23 | +28.8 | +$659M | $5.24 | +124.9M
Every metric improved at every read. Three consecutive reads of acceleration. Composite climbed from +24.5 to +28.8. GEX went from -$48M to +$659M. Engine went from +8.7M to +124.9M. Cushion widened from $3.08 to $5.24. All session. No reversal. No put wave. No deterioration.
The two-week afternoon pattern is dead.
The $780 magnet at +$143M pulls from 1.1% above. That's the cup and handle breakout zone.
Puts opened 4.8:1 and calls opened 8.7:1. Both sides building. But calls opened nearly double the rate of puts. Institutions pressing the upside heading into the final two hours.
This morning: "7750 depends on whether the 2PM session adds or subtracts."
It added. Across every metric. For the first time in two weeks. 7,750 is nine points away with two hours left.
$766 is the flip. $771.23 is price. $775 is the magnet. $780 is the target.
The afternoon held. The pattern broke. Two hours to the close.
