📈 $SPY MASSIVE BULL GAP OPENED!
• Bulls loved the 50bps and narrative from Powell.
• The way he explained the reason for the 50bps was absolutely bullish.
• Watch $VIX drop off under 16.20 and march towards 15 in the next few weeks.
• A higher low cultivation would be amazing into OPEX tomorrow which is the best worst day of the year generally speaking based off seasonality.
• 573 break is 575 and 578 above.
• Bulls have to sustain 569 or we start to fill the bear gap.
• I dont think the entire bear gap gets filled also. I currently don't see 563 being lost on SPY.
FLOW UPDATE: Seeing massive positioning on $META 600C and $MSFT 455C into Oct. Very interesting bets. $XLF also seeing a bullish flow.
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