Version: Current

Tae's Corner: SPY - Jan 15, 2025

In Tae's corner, we share small snap shots of advice and wisdom from BigShort's founder, Tae, that he often shares in the Tutoring channel of our Discord community.

The screenshot below was captured in BigShort's v1 interface; the setup and mechanics it shows are unchanged in today's app.

A BigShort v1 browser screenshot of SPY on January 15, 2025, with orange annotations describing morning momentum buying being faded by market makers, numbered markers 1 through 3, and Smart and Momo dials in the top corner

click the image for a bigger view

Morning Market Activity : A significant amount of momentum buying (Momo) occurred in the morning but was faded by market makers. This led to a dip, during which Momo oversold, triggering a rally.

Market Sentiment : Despite the rally, Momo did not regain confidence and continued selling throughout the day, causing prices to rise further.

User Insights : BigShort users avoided shorting at the top of the range due to bullish signals, supported by Dark Pools (DPs) during the rally and breakout.

Market Flow Observations : MomoFlow was significantly larger than Net Option Flow (NOF), which remained relatively flat and had minimal impact.