just in general, this morning was a good example, having bought the top many times I am always sceptical.
During option ex days, previous day VWAP and current day developing VWAP almost always sandwich the price actions Will see if it is the case today. Previous day VWAP at 30. Current VWAP at 43-44.
VWAP is a sell zone for this current rally after the 20 point move from high to low this morning. S1 is still in play.
Since 860 (above the 57 swing high) was not even challenged, I am very bearish and bias on the short side - 1. gap higher than previous day high usually results in the gap not filled MOST of the time, and it filled 2. S1 not breached at all in RTH So, low of previous day is in play ... But as you said, it is op ex. I used to like op ex a lot when I was a stock option floor dude many years ago
We just made a dip down to 830. This might just be it. Far too early to tell, but if we clear above 838 we could be off to another race.