If there is a chance for reversal intraday (usually not) its today

S&P500 $SPY 10-day Sector correlations have dropped off (.8 to .37)... while 20-day correlations are now their highest since late 2023 (.66).

almost 4x on the 1-dte straddle today... unexpected move into holiday week... previous one July 24th, before that closest one Dec 20th 2023

$SPY Implied - Realized $VIX - HRV spreads are barely positive after today's move lower. Tomorrow's calculations will drop out the early August data.

SPX Intraday Trends | Hourly SPX price trends, option performance & short term gamma pnl 👇 volvibes.substack.com/p/spx-intraday…

Long/Short Intraday Straddles 👇 volvibes.substack.com/p/trading-ls-i…

They are rotating them again, short-term S&P500 $SPY sector correlations are dropping off.

$SPY $SPX Single largest outperformance by specific dayofweek in 22 yrs... this run has been insane

The rotation continues. Short-term S&P500 $SPY sector correlations close at .2.