Morning Market Notes 05-28-25
Market Calendar
$SPX & $QQQ
The $SPX broke above the 5900 level, and that might cause issues for selling into the weekend if we now turn this level into support.
That said, two events today could flip the script again: FOMC Minutes at 2, and $NVDA earnings after hours.
And if things weren't already complicated, the spread guy is back — with the upper range of his positions around 5960 and the bottom at 5885. So expect fukery.
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