SPY
Wed, May 6, 2026
The setup
The score opened already deep in the Bullish zone (+8.5) and never gave it up. It eased back toward neutral around midday — a ~12:00 breather near 0 — then recovered through the afternoon, peaking at the top of the scale (+10) and closing +8.2. SPY climbed from $728 to $733.91 (+0.79%) in a steady, low-volatility grind.
Honest read
A near-the-money 0DTE call on a quiet trend day. The midday dip toward neutral pressured the contract back to ~$1.45, but the score never flipped Bearish — and the afternoon recovery carried it to a $4.55 peak. Because SPY closed ~$4 above the strike, the call kept most of its value into the bell ($3.89). A score that fades to neutral without turning Bearish is a pause, not an exit.



