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L
Luwyn
@luwyn
SPY ≤749 YES
SPY is showing signs of divergence on MACD and RSI. Profit taking flows have already started into the recent rally. It may be that these flows pick up speed by the end of the week. With a 33% implied probability when I bet, this 33% smells a little off and understated. The daily looks like its ready for a distribution day or two.
May 26, 2026 · 05:41 PM · 5 views
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L
Luwyn
@luwyn · May 26, 2026 · 05:50 PM
SPY ≤749 YES
Some observations that may prove counter to my choice:

(1) Low volume - bullish
(2) Continual strength of bid on any news - bullish
(3) Positive gamma - bullish
(4) The market does not care about my opinion - bullish
(5) Fabulous earnings. Earnings Earnings Earnings. - bullish
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