Morning Market Notes 05-13-25

Morning Market Notes 05-13-25

Market Calendar

$SPX & $QQQ

CPI inline. Nothing to see here.

We’ve got OPEX on Friday, and it’s loaded on calls—as you can see from the gamma charts for $SPX, $SPY, and $QQQ below.

So chances are we keep this a range to slow upside drift until then.

I’ll keep slowly adding to my July downside catcher position if we keep climbing.

Let’s have a sesh.

Using 0DTHERO flow to trigger Futures trades
Let’s walk through the trade I took this morning, triggered entirely by 0DTHERO flow signals. Right from the open, $SPX flow wanted nothing to do with upside — diverging from $ES price action. That’s what we call slope divergence between flow and price. On $SPY, the setup looked a

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