April 27th, 2023

SPY retests major trendline

Over the weekend I warned of the rising wedge breakdown and the revisit of 406.61:

SPY 0.00%↑ today traded down as low as 405.02 before finding some temporary relief.

We also hit some big targets on TSLA 0.00%↑

We entered that gray unfilled gap zone today on TSLA 0.00%↑ and hit our $156 target.

Overall so far a good range week with ES finally getting 50+ point days:

Earnings calendar for rest of the week:

I’ve noticed lots of OTM call flow on META and put writing on AMZN.

For tomorrow i’ll be watching the following: