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

