Following last week’s selling pressure, the market rebounded today, reclaiming key technical levels. With the recent monthly options expiration behind us, the market is now resetting positions. This has led to short call sellers adjusting their positions upward, while out-of-the-money put buying activity persists. As critical economic data looms, a steady grind higher may represent the most favorable scenario for bullish traders at this time.
Market On Close
22 Jul 2024
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