SPY

This month-
Institutions are long the SPY (S&P500).
They accumulated in Jan-May of 2022.

Is now a good time to buy?

I don't think so. It is a good time to hold.

Price is currently trending up, but bearish anomalies suggest a pullback will come, providing a better opportunity to buy.

Conclusion
Own it, but don’t buy it.

Price is currently trending up. Over $441.84 upside momentum is strong.
If it is lost, momentum could begin to fade.

This week-
3 week inside bar consolidation.
Price is also in a pennant consolidation.

Above $445.40-.90 monthly momentum is up and weekly is up creating a strong bullish environment,.

While institutions are actively accumulating, they are not participating on the upside runs. Just like on the monthly…
Institutions are trapping retail longs.

Below $441.84 monthly momentum is fading and weekly momentum is strong down, creating a moderately bearish environment.

The daily chart shows the same patterns as the weekly and monthly.
Institutions have been trapping longs.

Price is trending down aggressively here, showing a trend of aggressive buyers on aggressive dips. Will that repeat?

Conclusion
There is reason to anticipate a pullback at some point and to not actively buy into the SPY right now.

Until that happens, momentum currently favors upside, unless price begins to break down and gain momentum.

Momentum is mixed on the weekly chart, ready to go either way this week. $445.40-.90 is the pivot to watch.
Bullish above and bearish below.

Momentum is strong to the upside on the monthly chart.
$441.84 is the pivot to watch.
Bullish above and risk-off below.

XLF

Bullish accumulation patterns.
Pennant consolidation.

Not necessarily A+ weekly patterns for an upside break.
Not A+ for a short either.

Unusual Options Flow
$15.3M Bullish Flow

Conclusion-
These monthly accumulation patterns are serious,
But price is still consolidating. Confirmation of a breakout is needed before I get too excited. The options flow seems convinced already.

The weekly patterns don’t show a crystal clear picture yet.
Need to see more candles develop.

BAC

Bullish accumulation patterns.
Pennant consolidation.

Weekly accumulation patterns.
Falling wedge consolidation.

Unusual Options Flow

Conclusion-
One of my favorite monthly charts.
There is no confirmed trend here yet.
The weekly very looks promising if it can hold support.
The options flow is very mixed right now, lots of premium collectors.

IWM

Incredible accumulation & anomaly.

Bullish accumulation patterns.
Bear flag / pennant consolidation.

Mixed signals.
Initially looked like price would no doubt breakdown and retest $178.40
Now there is a bullish anomaly just before the breakdown.

Accumulation patterns.
Triple bottom potential.

A+ accumulation the past few days.
High high was made, now attempting a double bottom.

Unusual Options Flow
$122M Bullish Flow

Conclusion-
Incredible accumulation patterns on the quarterly and monthly charts.
Trend is up, and currently pulling back.

On the weekly price is consolidating at a very pivotal spot.
A confirmed volume bounce here would be huge.

Daily and 4HR patterns are A+ for a bounce right now.

KRE

Massive stopping volume / accumulation.

Bullish accumulation patterns.
Decreasing volume pennant consolidation.

Accumulation patterns.
Falling wedge consolidation.

Unusual Options Flow

Conclusion-
This looks extremely bullish IF price can get over $43.85-$44.50 and maintain bullish momentum and give a confirmed breakout.

AAPL

Bullish accumulation.
Not a lot of high volume for a long time.

Bullish accumulation patterns.
Double bottom potential.

Accumulation patterns.
Double bottom potential.

Unusual Options Flow
$12.9M Call Flow
$20.5M Bearish Flow

Conclusion-
On a monthly basis I’d love to buy at lower prices.

The weekly and daily show severe buy pressure with double bottom potential.
The options flow is very mixed, leaning down.

$174.30 must be held for a bounce.

CLF

Bullish accumulation patterns.

Accumulation patterns.
Falling wedge / bull flag consolidation.

Incredible accumulation patterns.
Clearly in a downtrend.

Unusual Options Flow

Conclusion-
A high volume large candle body on the monthly would confirm a multi-month move beginning.

The weekly is clearly in a downtrend.
Over $15.13 bullish momentum could be gained.

PFE

Bullish accumulation patterns.
Clear downtrend.

Accumulation patterns.
Falling wedge consolidation.

Unusual Options Flow

Conclusion-
Clearly in a downtrend on all time frames.

A weekly bounce looks promising.
A confirmed breakout could lead to monthly expansion.

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