US Market Forecast. August 2022

As of August 2nd, I don’t see fuel for an upside move in SPY yet. There is no increase in volumes in call options. Overall, open interest in put options continues to dominate. The volume ratio of put and call options is as follows:Amount of volumes in SPY for August 2022

Also until August 19th there is no fuel in the form of expiring options:

Open Interest in SPY August 2022 by Series

At the moment, I would note resistance at levels 410-415:

Open interest in SPY for 30 days. August 2022

Support at levels 400, 390:

Combined Open Interest in SPY August 2022

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