The Seasonality Shift In S&P, Price Action, And Its Options Flow Data – A Data Driven Analysis

July 2023 was a good month for S&P 500, with a sizable 6-7% gain. Part of this can be attributed to July's tendency to finish positive 80% of the time over the past two decades. Some factors like positive options flow, and SPY (ARCA: SPY) breaking a resistance level played a big role. However, trends have been changing recently.