HomeMarketsU.S. EconomyBulls Couldn't Hold the Advance in SPX
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Bulls Couldn't Hold the Advance in SPX

Bulls Couldn't Hold the Advance in SPX

Today, the market was unable to hold onto gains after the Fed cut rates by 50 basis points, leaving the market in a compression formation. Bearish flows dominated today's volume, although bullish positioning across all expirations is keeping current levels intact. Without a significant breakout in the next several sessions, there is concern that seasonal volatility will return, leading to another pullback.

Market On Close

18 Sep 2024

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