OPEX Tomorrow

Not just option expiration, but Quadruple Witching.

Here's today's SPY Calls

Heavy volume and big open interest. If I had to put money on it, I'd say those $128 calls will be pinned tomorrow.

Look at where the market sold off today..

At the high of $127.97


Looking at the 3C charts for the SPY from longest to shortest (longer charts have greater implications).

 A huge positive divergence on the 60 min chart...

 A Strong divergence on the 30 min chart

 We make new lows today on the 10 min chart, but into a positive divergence on a relative basis vs yesterday's lows.

The same thing on the 5 min chart...

Just thinking out loud, but if the sell-off are being accumulated and the idea is to pin the market (SPY $128 is just one example), then Monday (after Op-Ex) could possibly be a pretty exciting day.

I think I have an idea of what to be looking for.