SETUPS FROM REAL TRADING DAYS
Session studies.
Each article looks at a setup on a particular day: what stood out in the flow, what price did next, the full price swing, and what we want to watch for again.
Newest first. Choose a date or a setup that interests you.
We don’t publish a study for every trading day. We add sessions when the flow shows a clear pattern, divergence or price response that may be useful to recognize again.
These are selected teaching examples, not a complete record of every signal or trading result.
SESSION STUDY · September 9, 2026
SPX call selling ends. QQQ rebounds.
September 9: SPX call flow breaks away from SPY and QQQ, then the market turns higher as the selling ends.
Read this study · 2 min →SESSION STUDY · September 8, 2026
Buying all day. Price going nowhere.
September 8: an ES session with rising cumulative delta, weak price and two sharp changes in character.
Read this study · 2 min →SESSION STUDY · September 8, 2026
A sharp SPX call imbalance. A rebound to study.
A September 8 look at a −17,000 SPX call CVD reading and the QQQ rebound that followed.
Read this study · 2 min →SESSION STUDY · September 1, 2026
Two call-flow extremes. Two ES reversals.
September 1: a burst of SPX call buying appears near the morning high, then heavy call selling appears near the afternoon low.
Read this study · 2 min →SESSION STUDY · August 31, 2026
SPY CVD gives the clue. QQQ gives the stronger rebound.
August 31: a SPY CVD divergence flags the afternoon low. QQQ then rebounds farther than ES in percentage terms.
Read this study · 2 min →SESSION STUDY · August 28, 2026
QQQ CVD divergence at the second ES high.
August 28: QQQ options CVD makes a higher high while ES fails to exceed its first morning high—a bearish divergence before the selloff.
Read this study · 2 min →SESSION STUDY · August 24, 2026
SPX flow turns first. Futures delta follows.
August 24: an SPX options-flow divergence appears first, then futures delta confirms that selling is losing progress.
Read this study · 2 min →SESSION STUDY · August 21, 2026
SPX flow breaks lower. ES refuses to follow.
August 21: SPX options CVD separates from SPY and QQQ while ES holds against continued futures selling.
Read this study · 2 min →SESSION STUDY · August 19, 2026
Options flow reaches an extreme. ES turns lower.
August 19: strong SPX and SPY options flow lacks confirmation from QQQ and futures delta near an ES high.
Read this study · 2 min →SESSION STUDY · August 13, 2026
SPX flow breaks lower. Futures selling stops working.
August 13: put buying drives a rare SPX options CVD extreme before ES rises against continued futures selling.
Read this study · 2 min →