The market closed above a major milestone today by clearing the 5,500 level for the S&P 500, a key gamma level options flow analysts have been following over the last several weeks. With the short week and light volume, favorable data could give this market enough momentum to advance prices. Downside hedging activity has been very light as the VIX is now trading at the 11 level.
Market On Close
02 Jul 2024
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